Company: PGACR
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-002878
Chunk: 49

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1
Chunk 49
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, 2024 
  
    Cash Flows from Operating Activities: 

    Net loss 
    $(85,311)
  
    Adjustments to reconcile net loss to net cash used in operating activities 

    Interest and dividend earned on investment held in Trust Account 
     (268,878)
  
    Stock-based compensation expense 
     53,754 
  
    Formation and operating cost paid by the Sponsor 
     118,165 
  
    Changes in operating assets and liabilities: 

    Prepaid expenses 
     (112,434)
  
    Accounts payable and accrued expenses 
     121,039 
  
    Due to related parties 
     33,521 
  
    Net Cash Provided by Operating Activities 
     (140,144)

    Cash Flows from Investing Activities: 

    Purchase of investment held in trust account 
     (86,250,000)
  
    Net Cash Used in investing Activities 
     (86,250,000)

    Cash Flows from Financing Activities: 

    Proceeds from public offering 
     86,250,000 
  
    Proceeds from private placement 
     2,442,500 
  
    Proceeds from promissory note to related party 
     12,000 
  
    Repayment of promissory note to related party 
     (294,976)
  
    Payment of underwriter discount 
     (1,078,125)
  
    Payment of deferred offering costs 
     (408,249)
  
    Net Cash Provided by Financing Activities 
     86,923,150 

    Net Change in Cash 
     533,006 

    Cash, beginning of period 
     - 
  
    Cash, end of period 
    $533,006 

    Supplemental Disclosure of Non Cash Financing Activities: 

    Prepaid expenses paid via promissory note - related party 
    $10,000 
  
    Deferred offering costs paid by shareholders in exchange for issuance of Class B ordinary shares 
    $25,000 
  
    Capital contribution through issuance of promissory notes 
    $43 
  
    Deferred offering costs paid via promissory note - related party 
    $154,855 
  
    Deferred underwriting commission payable 
    $862,500 
  
    Initial measurement of carrying value to redemption value 
    $4,036,424 
  
    Remeasurement of carrying value to redemption value