Company: PGACR
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-075873
Chunk: 58

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 58
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 exists for the assets or liabilities.

10

The following table presents information about
the Company’s assets that are measured at fair value on June 30, 2025 and December 31, 2024 and indicates the fair value hierarchy
of the valuation inputs the Company utilized to determine such fair value.

    June 30, 2025 
    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 
    $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