Company: PGACR
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-075873
Chunk: 25

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 25
---
 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 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.

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.

15

When evaluating the Company’s performance
and making key decisions regarding resource allocation, the CODM reviews the key metric, formation
and operating costs and interest and dividend income on cash and investments held in Trust Account which are included in the accompanying
unaudited statement of operations.

The key
measures of segment profit or loss reviewed by our CODM are interest and dividend income on cash and investments held in Trust Account
and formation and operating costs. The CODM reviews interest and dividend income on cash and investments held in Trust Account to measure
and monitor shareholder value and determine the most effective strategy of cash and investments with the Trust Account funds while maintaining
compliance with the trust agreement. Formation and operating costs are reviewed and monitored by the CODM to manage and forecast cash
to ensure enough capital is available to complete an initial business combination within the initial business combination period. The
CODM also reviews formation and operating costs to manage, maintain and enforce all contractual agreements to ensure costs are aligned
with all agreements and budget