Pantages Capital Acquisition Corporation Right

Pantages Capital Acquisition Corporation Right is a special purpose acquisition company right that gives holders the ability to receive one-fifth of one Class A ordinary share if the company completes an initial business combination. Pantages Capital Acquisition Corporation uses these rights as part of its capital structure while it seeks a merger, share exchange, asset acquisition, or similar transaction with a target business. The instrument is designed for the SPAC market, where rights are issued alongside units to provide additional value to investors in the event of a successful transaction. Pantages Capital Acquisition Corporation is based in Wilmington, Delaware, and its rights currently trade as a separate security under the Pantages Capital Acquisition Corporation name.