Company: PGACR
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001213900-25-108205
Chunk: 24

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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rights included in the Private Placement Units outstanding. Except in cases where the Company is not the surviving company in an
initial business combination, each holder of a right will automatically receive one-fifth of one Class A ordinary share upon consummation
of the Company’s initial business combination. In the event the Company will not be the surviving company upon completion of the
Company’s initial business combination, each right will automatically be converted to receive the kind and amount of securities
or properties of the surviving entity that each one-fifth of one Class A ordinary share underlying each right is entitled to upon
consummation of the initial business combination subject to any dissenter rights under the applicable law. The Company will not issue
fractional shares in connection with a conversion of rights. Fractional shares will either be rounded down to the nearest whole share
or otherwise addressed in accordance with the applicable provisions of the Companies Act and any other applicable Cayman Islands law.
As a result, you must hold rights in multiples of five in order to receive shares for all of your Class A ordinary shares underlying
the rights upon closing of an initial business combination. If the Company is unable to complete an initial business combination within
the required time period and the Company redeem the public shares for the funds held in the Trust Account, holders of rights will not
receive any of such funds for their rights and the rights will expire worthless. The Company shall reserve such amount of its profits
or share premium in order to pay up the par value of each share issuable in respect of the rights.

13

Note 8 — Segment
Information

ASC
Topic 280, “Segment Reporting,” establishes standards for companies to report in their financial statement information about
operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise
for which separate financial information is available that is regularly evaluated by the Company’s chief operating decision maker,
or group, in deciding how to allocate resources and assess performance.

The
Company’s CODM has been identified as the Chief Financial Officer, who reviews the operating results for the Company as a whole
to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that the Company
only has one operating segment.

When
evaluating the Company’s performance and making key decisions regarding resource allocation, the CODM reviews the key metric, which
include the following:

    For
    the
    Three Months  
    For
    the