Company: PGACR
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-075873
Chunk: 16

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 16
---
    Assets: 

    Cash and Investments held in Trust Account 
    $88,316,420  
    $88,316,420  
    $-  
    $- 
  
    Total 
    $88,316,420  
    $88,316,420  
    $         -  
    $          - 

    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)
will be classified as temporary equity. At all other times, ordinary shares will be classified as shareholders’ equity. In accordance
with ASC 480-10-S99, the Company classifies the Class A ordinary shares subject to redemption outside of permanent equity as
the redemption provisions are not solely within the control of the Company. Given that the 8,625,000 Class A ordinary shares sold
as part of the Public Units in