Company: PGACR
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-002878
Chunk: 279

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-03-27
Form: 10-K
Item: Item 2
Chunk 279
---
 Placement Units on December 6, 2024, a total of $86,250,000 was placed in the trust account, and we had
$533,006 of cash held outside of the trust account, after payment of costs related to the IPO, and available for working capital purposes.
In connection with the IPO, we incurred $2,528,729 in transaction costs, consisting of $1,078,125 of underwriting fees, $862,500 of deferred
underwriting fees, and $588,104 of other offering costs.

As of December 31, 2024,
the Company had cash of $533,006 and a working capital of $500,880.

For the period from May 31,
2024 (inception) through December 31, 2024, there was $86,923,150 of cash provided by financing activities resulting from the proceeds
of the IPO of $86,250,000, the proceeds from the Private Placement of $2,442,500, and the proceeds from a promissory note to a related
party of $12,000. The changes were offset by the repayment of the promissory note to the sponsor of $294,976, the payment of the underwriters’
discount of $1,078,125, and the payment of IPO offering costs of $408,249.

For the period from May 31,
2024 (inception) through December 31, 2024, there was $86,250,000 of cash used in investing activities resulting from the purchase of
investment held in trust account.

For the period from May 31,
2024 (inception) through December 31, 2024, there was $86,923,150 of cash provided by financing activities resulting from the proceeds
of public offering of $86,250,000, the proceeds from private placement of $2,442,500, and the proceeds from promissory note to related
party of $12,000. The changes were offset by the repayment of promissory note to related party of $294,976, the payment of underwriter
discount of $1,078,125, and the payment of offering costs of $408,249.

We intend to use the funds
held outside the trust account to primarily identify and evaluate target businesses, perform business due diligence on prospective target
businesses, travel to and from the offices, plants or similar locations of prospective target businesses or their representatives or owners