Company: PGACR
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-002878
Chunk: 122

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1A
Chunk 122
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 financial statements in
conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities
and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during
the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

The Company considers all short-term investments
with an original maturity of three months or less when purchased to be cash equivalents. The Company had $533,006 cash in bank as
of December 31, 2024.

Investment Held in Trust Account

As of December 31,
2024, the Company had $86,518,878 in investment held in Trust Account, which are invested in money market funds with a maturity
of 185 days or less.

Concentration of Credit Risk

Financial
instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution,
which, at times, may exceed the Federal Depository Insurance Coverage (“FDIC”) of $250,000. As of December 31, 2024, $283,006
was over the FDIC limit. The Company has not experienced losses on these accounts.

Offering Costs

The Company complies with the requirements of
Accounting Standards Codification (“ASC”) 340-10-S99-1 and SEC Staff Accounting Bulletin (“SAB”) Topic 5A — Expenses
of Offering. Deferred offering costs consist of underwriting, legal, and other expenses incurred through the balance sheet date that
are directly related to the IPO and were charged to shareholders’ equity upon the completion of the IPO. 

F-10

Net Loss Per Share

The Company complies with accounting
and disclosure requirements of FASB ASC 260, “Earnings Per Share”. Net loss per ordinary share is computed by dividing net
loss by the weighted average number of ordinary shares outstanding for the period. Remeasurement of carrying value to redemption value
of redeemable ordinary shares is excluded from loss per share as the redemption value approximates fair value. As of December 31, 2024,
the Company has not considered the effect of the Rights included in the IPO and Private Placement Units in the calculation of diluted
net loss per share, since the conversion of the Rights is contingent upon the occurrence of future events and the inclusion of such Rights
would be anti-dilutive and the Company did not have any other dilutive securities and