Company: PGACR
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-002878
Chunk: 832

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-03-27
Form: 10-K
Item: Item 9A
Chunk 832
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 not remain
with us subsequent to the consummation of a business combination.

Number
and Terms of Office of Officers and Directors

Our
board of directors consists of five members. Our board of directors is divided into three classes, with only one class of directors being
elected in each year, and with each class (except for those directors appointed prior to our first annual meeting of shareholders) serving
a three-year term: Class I, with a term expiring at the first annual general meeting — Evan M. Graj; Class II, with a term
expiring at the second annual general meeting — Stephen Markscheid and Wee Peng Siong; and Class III, with a term expiring at the
third annual general meeting — William W. Snyder and Jia Peng.

Prior
to the completion of an initial business combination, any vacancies on our board of directors may be filled by the affirmative vote of
a majority of the directors present and voting at the meeting of our board of directors or by a majority of the holders of our founder
shares. After completion of an initial business combination, subject to any other special rights applicable to the shareholders, any
vacancies on our board of directors may be filled by the affirmative vote of a majority of the directors present and voting at the meeting
of our board of directors or by a majority of the holders of our ordinary shares.

Our officers are appointed by the board of directors and serve at the
discretion of the board of directors, rather than for specific terms of office. Our board of directors is authorized to appoint persons
to the offices set forth in our second amended and restated memorandum and articles of association (the “Current Charter”)
as it deems appropriate. Our Current Charter provide that the board of directors may appoint such officers as they consider necessary
on such terms, at such remuneration and to perform such duties, and subject to such provisions as to disqualification and removal as the
board of directors may think fit.

19

Committees
of the Board of Directors

Our board of directors has
two standing committees: an audit committee and a compensation committee.

Audit
Committee

We have established an audit committee of the board of directors, which
consists of Mr. Graj, Mr. Markscheid, and Mr. Wee, each of whom is an independent director under NASDAQ’s listing standards. Mr.
Graj is the Chairperson of the audit committee. Our board of directors has determined that each member of our