Company: PGACR
Filing Date: 2025-02-14
Form Type: DEF 14A
Source: 0001213900-25-013746
Chunk: 30

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-02-14
Form: DEF 14A
Chunk 30
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 of our board with respect to any such matters. We expect that the Class A ordinary shares represented by properly submitted proxies will be voted by the proxy holders in accordance with the recommendations of our board with respect to any such matters. Principal Executive Offices Our principal executive offices are located at 221 W 9 thSt #859, Wilmington, DE 19801. Our telephone number is 302 -235-3848. 15 PROPOSAL NO. 1 — THE NAME CHANGE PROPOSAL Background We are a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. On December 6, 2024, the Company consummated IPO of 8,625,000 units (including 1,125,000 units issued upon the full exercise of the over -allotmentoption, the “Units”). Simultaneously with the consummation (the “closing”) of the IPO and the sale of the Units, the Company consummated the Private Placement of 244,250 units (the “Private Placement Units”) to the Sponsor, at a price of $10.00 per Private Placement Unit, generating total proceeds of $2,442,500. Each Unit and each Private Placement Unit consists of one Class A ordinary share, and one right to receive one -fifthof one Class A ordinary share upon the completion of the initial Business Combination. Of the gross proceeds received from our IPO and the sale of the private placement units, we deposited $86,250,000 in a trust account, maintained by Wilmington Trust, N.A., as trustee, for the benefits of the public shareholders of the Company (the “Trust Account”). The proceeds held in the Trust Account may be invested by the trustee only in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act, with a maturity of 185 days or less, or in money market funds meeting certain conditions under Rule 2a -7under the Investment Company Act which invest only in direct U.S. government treasury obligations. As of February 10, 2025, funds held in the Trust Account totaled approximately $86.83million, and were held in U.S. Treasury Bills with a maturity of 185 days or less and in money market funds which invest in U.S. Treasury securities. Reason for the Name Change Proposal The purpose