Company: PGACR
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-075873
Chunk: 23

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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cluding securities contained therein) and Units (including securities contained therein) that may be issued on conversion
of working capital loans or extension loans will be entitled to registration rights pursuant to a registration rights agreement to be
signed prior to or on the effective date of this offering requiring the Company to register such securities for resale. The holders of
these securities are entitled to make up to three demands, excluding short form demands, that the Company register such securities. In
addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent
to the Company’s completion of the Company’s initial business combination and rights to require the Company to register for
resale such securities pursuant to Rule 415 under the Securities Act. The Company will bear the expenses incurred in connection with
the filing of any such registration statements.

Underwriting Agreement

The Company granted the underwriters a 45-day
option to purchase up to an additional 1,125,000 Units solely to cover over-allotments, if any. The underwriters
had exercised the Over-Allotment Option.

The underwriter was paid a cash underwriting discount
of $0.125 per Unit, or $1,078,125 at the closing of the IPO.

Additionally, the underwriters will be entitled
to 1.0% of gross proceeds of the IPO $862,500 and will be paid at the closing of the initial business combination as deferred underwriting
fee. If the Company does not complete its initial business combination within the time period required by its amended and restated memorandum
and articles of association effective at the time, the underwriters have agreed that (i) they will forfeit any rights or claims to
their deferred underwriting discounts and commissions, including any accrued interest thereon, then in the trust account, and (ii) that
the deferred underwriters’ discounts and commissions will be included with the funds held in the Trust Account that will be available
to fund the redemption of our public shares.

14

As of June 30, 2025 and December 31, 2024, deferred
underwriting discounts and commissions amounted to $862,500 payable upon consummation of the Company’s initial business combination.

Note 7 — Shareholder’s
Equity

Preference Share — The
Company is authorized to issue 5,000,000 shares of preference share, $0.0001 par value, with such design