Company: PGACR
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001213900-25-108205
Chunk: 67

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 8
Chunk 67
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, the loans would be repaid out of funds not
held in the Trust Account, and only to the extent available.

As
of September 30, 2025 and December 31, 2024, the Company had $457,500   and $0 borrowings under the Working Capital Loans, respectively.

Due
to Related Parties

On
June 6, 2024, the Company appointed Jia Peng as Chief Financial Officer, in addition to the current position as a member of the
board of the directors. During the Term as Chief Financial Officer and a member of board of directors of the Company, Jia Peng will receive
cash compensation in the amount of $5,000, payable each month.

As
of September 30, 2025 and December 31, 2024, the Company had accrued compensation expense of $0 and $14,300 for Jia Peng, respectively.

On
June 14, 2024, the Company appointed William Snyder as Chairman and Chief Executive Officer, in addition to the current position
as a member of the board of the directors. During the Term as Chairman and Chief Executive Officer and a member of board of directors
of the Company, William Snyder will receive cash compensation in the amount of $7,500, payable each month.

As
of September 30, 2025 and December 31, 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