Company: PGACR
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001213900-25-108205
Chunk: 57

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 8
Chunk 57
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, as an emerging growth company,
can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the
Company’s unaudited financial statements with another public company which is neither an emerging growth company nor an emerging
growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences
in accounting standards used. 

Use
of Estimates

The
preparation of the unaudited financial statements in conformity with US GAAP requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited
financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.

7

Cash
and Cash Equivalents

The
Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents.
The Company had $349,018 and $533,006 cash in bank as of September 30, 2025 and December 31, 2024, respectively.

Cash
and Investments Held in Trust Account

As
of September 30, 2025 and December 31, 2024, the Company had $89,228,389 and $86,518,878 in Cash and investments held
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