Company: PGACR
Filing Date: 2025-07-07
Form Type: PRE 14A
Source: 0001213900-25-061834
Chunk: 14

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-07-07
Form: PRE 14A
Chunk 14
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. business
of the combined company if we had proceeded without first obtaining its clearance. The foreign ownership limitations, and the potential
impact of CFIUS, may limit the attractiveness of a transaction with us or prevent us from pursuing certain initial business combination
opportunities that we believe would otherwise be beneficial to us and our shareholders. As a result, the pool of potential targets with
which we could complete an initial business combination may be limited and we may be adversely affected in terms of competing with other
special purpose acquisition companies which do not have similar foreign ownership issues.

Moreover, the process of government review could be lengthy. We may
be forced to expend significant financial resources to seek third party expert opinion or report, or to secure regulatory clearance. Because
we only have 15 months (or up to 18 months, as applicable) to complete our initial business combination, our failure to obtain
any required approvals within the requisite time period may prevent us from completing the transaction and require us to liquidate. If
we liquidate, our public shareholders may only receive $10.00 per ordinary share initially, and our rights will expire worthless. Our
public shareholders may also lose the potential investment opportunity in a target company and the opportunity of realizing future gains
on such investments through any price appreciation in the combined company.

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QUESTIONS AND ANSWERS ABOUT THE PROXY MATERIALS AND OUR EXTRAORDINARY GENERAL MEETING</div>

These Questions and Answers are only summaries of the matters they
discuss. They do not contain all of the information that may be important to you. You should read carefully the entire document, including
any annexes to this proxy statement.

Why am I receiving this proxy statement?

This proxy statement and the enclosed proxy card are being sent to
you in connection with the solicitation of proxies by our board for use at the Extraordinary General Meeting to be held in person and
via the Internet on August 5, 2025 or at any adjournments thereof. This proxy statement summarizes the information that you need to make
an informed decision on the proposals to be considered at the Extraordinary General Meeting.

We are a blank check company incorporated as a Cayman Islands exempted
company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination
with one or more businesses or entities. On December 6, 2024, the Company consummated IPO of 8,625,000 units (