Company: PGACR
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001213900-25-108205
Chunk: 23

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 23
---
 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 of Class A ordinary share issued or outstanding, excluding
8,625,000 Class A ordinary shares subject to possible redemption.

Class B
Ordinary Share — The Company is authorized to issue 50,000,000 shares of Class B ordinary share with $0.0001
par value. On June 14, 2024, the Company issued an aggregate of 1,725,000 founder shares to the Sponsor and executives for an
aggregate purchase price of $25,000. On July 9, 2024, the Company issued additional 431,250 Class B ordinary shares to the Sponsor
for $43. In total, an aggregate 2,156,250 Class B ordinary shares were issued to the Sponsor and executives, at a per-share price
of approximately $0.012 per share. The Company’s insiders will collectively own 20.0% of the Company’s issued and outstanding
shares of ordinary share after the IPO. As of September 30,
2025 and December 31, 2024, there were 2,156,250 shares of Class B ordinary share issued or outstanding.

Rights

As
of September 30, 2025 and December 31, 2024, there were 8,625,000 public rights included the public Units outstanding and 244,250 private