Company: PGACR
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-002878
Chunk: 233

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1C
Chunk 233
---
 ordinary shares equals or exceeds $12.50 per share (as
adjusted for share subdivisions, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days
within any 30-trading day period commencing after our initial business combination and (2) with respect to the remaining 50%
of the founder shares, six months after the date of the consummation of our initial business combination, or earlier, in either case,
if, subsequent to our initial business combination, we consummate a liquidation, merger, share exchange or other similar transaction which
results in all of our shareholders having the right to exchange their shares for cash, securities or other property.

The
Private Placement Units and the securities within the units are not transferable, assignable or salable until after the completion of
our initial business combination.

The foregoing restrictions are not applicable for transfers (i) among
the insiders or to the Company’s insiders’ members, officers, directors, consultants or their affiliates, (ii) to a holder’s
shareholders or members upon the holder’s liquidation, in each case if the holder is an entity, (iii) by bona fide gift to
a member of the holder’s immediate family or to a trust, the beneficiary of which is the holder or a member of the holder’s
immediate family, in each case for estate planning purposes, (iv) by virtue of the laws of descent and distribution upon death, (v) pursuant
to a qualified domestic relations order, (vi) to the Company for no value for cancellation in connection with the consummation of
a business combination, (vii) in connection with the consummation of a business combination, (viii) in the event of the Company’s
liquidation prior to its consummation of an initial business combination or (ix) in the event that, subsequent to the consummation
of an initial business combination, the Company completes a liquidation, merger, capital share exchange or other similar transaction which
results in all of the Company’s shareholders having the right to exchange their ordinary shares for cash, securities or other property,
in each case (except for clauses (vi), (viii) or (ix) or with the Company’s prior written consent). If dividends are declared
and payable in ordinary shares, such dividends will also be placed in lock-up. If we are unable to