Company: PGACR
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001213900-25-108205
Chunk: 59

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 8
Chunk 59
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    $(0.07)

    For
    The Period From 

    May
    31, 2024 

    For
    The Nine Months Ended  
    (Inception)
    Through 

    September
    30, 2025  
    September
    30, 2024 

    Redeemable  
    Non-Redeemable  
    Redeemable  
    Non-Redeemable 

     Class
                                            A  
     Class
                                            A
                                            and Class B  
     Class
                                            A  
     Class
                                            A 
                                            and Class B 

     Ordinary  
     Ordinary  
     Ordinary  
     Ordinary 

     Shares  
     Shares  
     Shares  
     Shares 
  
    Basic and diluted net income
    (loss) per ordinary share: 

    Numerators: 

    Allocation
    of net income (loss) 
    $1,635,549  
    $455,204  
    $-  
    $(146,534)
  
    Denominators: 

    Basic
    and diluted weighted average shares outstanding 
     8,625,000  
     2,400,500  
     -  
     1,875,000 
  
    Basic
    and diluted net income (loss) per ordinary share 
    $0.19  
    $0.19  
    $-  
    $(0.08)

8

Fair
Value of Financial Instruments

The
fair value of the Company’s assets and liabilities, which qualify as financial instruments under FASB ASC 820, “Fair
Value Measurements and Disclosures,” approximates the carrying amounts represented in the accompanying balance sheet, primarily
due to their short-term nature.

The
Company applies ASC 820, which establishes a framework for measuring fair value and clarifies the definition of fair value within that
framework. ASC 820 defines fair value as an exit price, which is the price that would be received for an asset or paid to transfer a
liability in the Company’s principal or most advantageous market in an orderly transaction between market participants on the measurement
date. The fair value hierarchy established in ASC 820 generally requires an entity to maximize the use of observable inputs and minimize
the use of unobservable