Company: PGACR
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001213900-25-108205
Chunk: 68

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 8
Chunk 68
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 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.

12

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.

As
of September 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
designations, voting and other rights and preferences as may be determined from time to time by the Company’s board of directors.
As of September 30, 2025 and December 31, 2024, there were no preference shares issued or outstanding.

Class A
Ordinary Share — The Company is authorized to issue 445,000,000 shares of Class A ordinary share with $0.0001
par value. As of September 30, 2025 and December 31, 2024, there were 244,250 shares