Company: PGACR
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001213900-25-108205
Chunk: 13

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 13
---

in Trust Account, which are invested in money market funds which invest in U.S. Treasury securities.

Concentration
of Credit Risk

Financial
instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution,
which, at times, may exceed the Federal Depository Insurance Coverage (“FDIC”) of $250,000. As of September 30, 2025 and
December 31, 2024, $99,018 and $283,006, respectively, were over the FDIC limit. The Company has not experienced losses on these accounts.

Offering
Costs

The
Company complies with the requirements of Accounting Standards Codification (“ASC”) 340-10-S99-1 and SEC Staff
Accounting Bulletin (“SAB”) Topic 5A — Expenses of Offering. Deferred offering costs consist
of underwriting, legal, and other expenses incurred through the balance sheet date that are directly related to the IPO and were charged
to shareholders’ equity upon the completion of the IPO. 

Net
Income Per Share

The
Company complies with accounting and disclosure requirements of FASB ASC 260, “Earnings Per Share”. Net income per ordinary
share is computed by dividing net income by the weighted average number of ordinary shares outstanding for the period. Remeasurement
of carrying value to redemption value of redeemable ordinary shares is excluded from income per share as the redemption value approximates
fair value. For the three and nine months ended September 30, 2025, the Company has not considered the effect of the Rights included
in the IPO and Private Placement Units in the calculation of diluted net income per share, since the conversion of the Rights is contingent
upon the occurrence of future events and the inclusion of such Rights would be anti-dilutive and the Company did not have any other dilutive
securities and other contracts that could, potentially, be exercised or converted into ordinary shares and then share in the earnings
of the Company. As a result, diluted income per share is the same as basic income per share for the period presented.

    For
    The Three Months Ended  
    For
    The Three Months Ended 

    September
    30, 2025  
    September
    30, 2024 

    Redeemable  
    Non-Redeemable  
    Redeemable  
    Non-Redeemable