Company: PGACR
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044013
Chunk: 168

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 168
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shares, or 20,000 each to its three independent directors for their board service, for nominal cash consideration, of $696.

Private Placement

On December 6, 2024, simultaneously
with the closing of the IPO, the Company completed a private placement (the “Private Placement”) of 244,250 private placement
units to the Company’s sponsor, at a purchase price of $10.00 per private placement units, generating gross proceeds to the Company
of $2,442,500.

The above sales were issued
pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act. No commissions were paid in
connection with such sales.

Use of Proceeds

On December 6, 2024, we consummated
the initial public offering (the “IPO”) of 8,625,000 units (the “Units”), at a price of $10.00 per Unit, including
1,125,000 additional Units granted to the underwriters to cover over-allotments, if any (the “Over-Allotment Option”), generating
gross proceeds of $86,250,000. Simultaneously with the closing of the IPO, we consummated the sale of 244,250 private placement units,
to our sponsor in the Private Placement, generating gross proceeds of $2,442,500.

The proceeds of $86,250,000
from the IPO and the Private Placement were placed in the trust account established for the benefit of the Company’s public shareholders
with Wilmington Trust, N.A., acting as trustee.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 4. MINE SAFETY DISCLOSURES.

Not applicable.

ITEM 5. OTHER INFORMATION.

None.

21

ITEM 6. EXHIBITS 

The following exhibits are filed as part of, or
incorporated by reference into, this Quarterly Report on Form 10-Q.

    Exhibit No.
     
    Description
  
    31.1*
     
    Certification of Principal Executive Officer Pursuant to Securities Exchange Act Rules 13a-14(a) and 15(d)-14(a), as adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

    31.2*
     
    Certification of Principal Financial Officer Pursuant to Securities Exchange Act Rules 13a-14(a) and 15