Company: PGACR
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001213900-25-108205
Chunk: 15

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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 the valuation inputs the Company utilized to determine such fair value.

    September
    30, 2025 
    Carrying
    Value  
    Quoted
    Prices in Active Markets (Level 1)  
    Significant
    Other Observable Inputs  (Level 2)  
    Significant
    Other Unobservable Inputs  (Level 3) 
  
    Assets: 

    Cash
    and Investments held in Trust Account 
    $89,228,389  
    $89,228,389  
    $       -  
    $       - 
  
    Total 
    $89,228,389  
    $89,228,389  
    $-  
    $- 

    December
    31, 2024 
    Carrying
    Value  
    Quoted
    Prices in Active Markets (Level 1)  
    Significant
    Other Observable Inputs  (Level 2)  
    Significant
    Other Unobservable Inputs  (Level 3) 
  
    Assets: 

    Cash
    and Investments held in Trust Account 
    $86,518,878  
    $86,518,878  
    $        -  
    $         - 
  
    Total 
    $86,518,878  
    $86,518,878  
    $-  
    $- 

The
rights were valued, using a calculation prepared by management which takes into consideration the probability of completion of the IPO,
an implied probability of the completion of an initial business combination and a Discount for Lack of Marketability calculation. The
rights are classified as Level 3 at the measurement date due to the use of unobservable inputs including the probability of an initial
business combination, the probability of the initial public offering, and other risk factors.

Class A
ordinary shares subject to possible redemption

The
Company accounts for its Class A ordinary shares subject to possible redemption in accordance with the guidance in ASC Topic 480,
“Distinguishing Liabilities from Equity” (ASC 480). Ordinary shares subject to mandatory redemption (if any) will be
classified as a liability instrument and will be measured at fair value. Conditionally redeemable ordinary shares (including ordinary
shares that features redemption rights that are either within the control of the holder or subject to redemption upon the occurrence
of uncertain events not solely within the Company’s control