Company: PGACR
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-002878
Chunk: 5

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1
Chunk 5
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 in the trust account.
The decision as to whether we will seek shareholder approval of our proposed initial business combination or allow shareholders to sell
their shares to us in a tender offer will be made by us, solely in our discretion, and will be based on a variety of factors such as
the timing of the transaction and whether the terms of the transaction would otherwise require us to seek shareholder approval. If we
so choose and we are legally permitted to do so, we will have the flexibility to avoid a shareholder vote and allow our shareholders
to sell their shares pursuant to the tender offer rules of SEC. In that case, we will file tender offer documents with the SEC which
will contain substantially the same financial and other information about the initial business combination as is required under the SEC’s
proxy rules. We will consummate our initial business combination only if we have net tangible assets of at least $5,000,001 upon such
consummation and, solely if we seek shareholder approval, a majority of the issued and outstanding ordinary shares voted are voted in
favor of the initial business combination.

We
will have until March 6, 2026 (or 15 months from the consummation of the IPO) to consummate our initial business combination, or
up to June 6, 2026 (or 18 months from the consummation of the IPO) if we have executed a letter of intent, agreement in principle or
definitive agreement for an initial business combination before March 6, 2026. We refer the applicable deadline to consummate the initial
business combination in each case, March 6, 2026 or June 6, 2026, as the “Combination Deadline”. In the case that we execute
a letter of intent, agreement in principle or definitive agreement for an initial business combination before March 6, 2026, we will
issue a press release and file a Current Report on Form 8-K announcing the execution as well as the extended deadline to complete our
initial business combination.

Our public shareholders will
not be afforded an opportunity to vote on our extension of time to consummate an initial business combination from 15 months to up
to 18 months described above or redeem their shares in connection with such extensions. If we are unable to consummate our initial
business combination by the Combination Deadline, unless we extend such period pursuant to our memorandum and articles of association
effective at the time, we will, as promptly as possible