Company: PGACR
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001213900-25-108205
Chunk: 69

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 8
Chunk 69
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 of Class A ordinary share issued or outstanding, excluding
8,625,000 Class A ordinary shares subject to possible redemption.

Class B
Ordinary Share — The Company is authorized to issue 50,000,000 shares of Class B ordinary share with $0.0001
par value. On June 14, 2024, the Company issued an aggregate of 1,725,000 founder shares to the Sponsor and executives for an
aggregate purchase price of $25,000. On July 9, 2024, the Company issued additional 431,250 Class B ordinary shares to the Sponsor
for $43. In total, an aggregate 2,156,250 Class B ordinary shares were issued to the Sponsor and executives, at a per-share price
of approximately $0.012 per share. The Company’s insiders will collectively own 20.0% of the Company’s issued and outstanding
shares of ordinary share after the IPO. As of September 30,
2025 and December 31, 2024, there were 2,156,250 shares of Class B ordinary share issued or outstanding.

Rights

As
of September 30, 2025 and December 31, 2024, there were 8,625,000 public rights included the public Units outstanding and 244,250 private
rights included in the Private Placement Units outstanding. Except in cases where the Company is not the surviving company in an
initial business combination, each holder of a right will automatically receive one-fifth of one Class A ordinary share upon consummation
of the Company’s initial business combination. In the event the Company will not be the surviving company upon completion of the
Company’s initial business combination, each right will automatically be converted to receive the kind and amount of securities
or properties of the surviving entity that each one-fifth of one Class A ordinary share underlying each right is entitled to upon
consummation of the initial business combination subject to any dissenter rights under the applicable law. The Company will not issue
fractional shares in connection with a conversion of rights. Fractional shares will either be rounded down to the nearest whole share
or otherwise addressed in accordance with the applicable provisions of the Companies Act and any other applicable Cayman Islands law.
As a result, you must hold rights in multiples of five in order to receive shares for all of your Class A ordinary shares underlying
the rights upon closing of an initial