Company: PGACR
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-002878
Chunk: 489

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-03-27
Form: 10-K
Item: Item 5
Chunk 489
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 combination.

Our sponsor has agreed (a) to vote any founder shares and Public Shares
held by it in favor of any proposed initial business combination and (b) not to redeem any founder shares or Public Shares held by it
in connection with a shareholder vote to approve a proposed initial business combination.

Our
sponsor, our officers, and our directors are deemed to be our “promoters” as such term is defined under the federal securities
laws.

Transfers
of Founder Shares 

The founder shares, Private Placement Units, Private Placement Shares,
and any Class A ordinary shares issued upon conversion or exercise thereof are each subject to transfer restrictions pursuant to lock-up
provisions in the agreements entered into by our insiders. Our insiders have agreed not to transfer, assign or sell any of their founder
shares until (1) with respect to 50% of the founder shares, the earlier of six months after the date of the consummation of
our initial business combination and the date on which the closing price of our ordinary shares equals or exceeds $12.50 per share (as
adjusted for share subdivisions, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days
within any 30-trading day period commencing after our initial business combination and (2) with respect to the remaining 50%
of the founder shares, six months after the date of the consummation of our initial business combination, or earlier, in either case,
if, subsequent to our initial business combination, we consummate a liquidation, merger, share exchange or other similar transaction which
results in all of our shareholders having the right to exchange their shares for cash, securities or other property.

The
Private Placement Units and the securities within the units are not transferable, assignable or salable until after the completion of
our initial business combination.

The foregoing restrictions are not applicable for transfers (i) among
the insiders or to the Company’s insiders’ members, officers, directors, consultants or their affiliates, (ii) to a holder’s
shareholders or members upon the holder’s liquidation, in each case if the holder is an entity, (iii) by bona fide gift to
a member of the holder’s immediate family or to a trust, the beneficiary of which is the holder or a member of the holder’s
immediate family, in each case for estate planning purposes, (iv) by virtue of the laws of descent and