Company: PGACR
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001213900-25-108205
Chunk: 22

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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 2024, the Company had accrued compensation expenses for William Snyder of $0 and $18,750, respectively.

Evan
Graj, a Director of the Company, paid office expenses on behalf of the Company.

As
of September 30, 2025 and December 31, 2024, the Company had accrued expenses for Evan Graj of $0 and $470, respectively.

Note
6 — Commitments and Contingencies

Registration
Rights

The
holders of the founder shares, Private Placement Units (including securities contained therein) and Units (including securities
contained therein) that may be issued on conversion of working capital loans or extension loans will be entitled to registration rights
pursuant to a registration rights agreement to be signed prior to or on the effective date of this offering requiring the Company to
register such securities for resale. The holders of these securities are entitled to make up to three demands, excluding short form demands,
that the Company register such securities. In addition, the holders have certain “piggy-back” registration rights with respect
to registration statements filed subsequent to the Company’s completion of the Company’s initial business combination and
rights to require the Company to register for resale such securities pursuant to Rule 415 under the Securities Act. The Company
will bear the expenses incurred in connection with the filing of any such registration statements.

12

Underwriting
Agreement

The
Company granted the underwriters a 45-day option to purchase up to an additional 1,125,000 Units solely to cover over-allotments,
if any. The underwriters had exercised the Over-Allotment Option.

The
underwriter was paid a cash underwriting discount of $0.125 per Unit, or $1,078,125 at the closing of the IPO.

Additionally,
the underwriters will be entitled to 1.0% of gross proceeds of the IPO $862,500 and will be paid at the closing of the initial business
combination as deferred underwriting fee. If the Company does not complete its initial business combination within the time period required
by its amended and restated memorandum and articles of association effective at the time, the underwriters have agreed that (i) they
will forfeit any rights or claims to their deferred underwriting discounts and commissions, including any accrued interest thereon, then
in the trust account, and (ii) that the deferred underwriters’ discounts and commissions will be included with the