Company: PGACR
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001213900-25-108205
Chunk: 70

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 8
Chunk 70
---
 business combination. If the Company is unable to complete an initial business combination within
the required time period and the Company redeem the public shares for the funds held in the Trust Account, holders of rights will not
receive any of such funds for their rights and the rights will expire worthless. The Company shall reserve such amount of its profits
or share premium in order to pay up the par value of each share issuable in respect of the rights.

13

Note 8 — Segment
Information

ASC
Topic 280, “Segment Reporting,” establishes standards for companies to report in their financial statement information about
operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise
for which separate financial information is available that is regularly evaluated by the Company’s chief operating decision maker,
or group, in deciding how to allocate resources and assess performance.

The
Company’s CODM has been identified as the Chief Financial Officer, who reviews the operating results for the Company as a whole
to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that the Company
only has one operating segment.

When
evaluating the Company’s performance and making key decisions regarding resource allocation, the CODM reviews the key metric, which
include the following:

    For
    the
    Three Months  
    For
    the
Three
Months 

    Ended  
    Ended 

    September
    30,  
    September
    30, 

    2025  
    2024 
  
    Professional fees
    incurred in connection with potential business combination 
    $(55,305) 
    $- 
  
    Other formation and operating
    costs 
     (169,978) 
     (129,214)
  
    Interest
    and dividend income on cash and investments held in Trust Account 
     911,969  
     - 
  
    Net income
    (loss) 
    $686,686  
    $(129,214)

    For The
 Period From 

    For the  
    May 31,
 2024 

    Nine Months
Ended  
    (Inception)
 Through 

    September 30,  
    September 30,

    2025  
    2024 
  
    Professional fees incurred in connection with potential business combination 
    $(55,305) 
    $(146,534