Company: SPEG
Filing Date: 2025-01-21
Form Type: S-1
Source: 0001213900-25-005097
Chunk: 232

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-01-21
Form: S-1
Chunk 232
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 transfer restrictions. Registration Rights The holders of the (i) founder shares, which were issued in a private placement prior to the closing of this offering, (ii) private placement units which will be issued in a private placement simultaneously with the closing of this offering and the Class A ordinary shares underlying such private placement units and (iii) Class A ordinary shares and rights that may be issued upon conversion of working capital loans will have registration rights to require us to register a sale of any of our securities held by them and any other securities of the company acquired by them prior to the consummation of our initial business combination pursuant to a registration rights agreement to be signed prior to or on the effective date of this offering. Pursuant to the registration rights agreement and assuming the underwriters exercise their over -allotmentoption in full and $1,500,000 of working capital loans are converted into private placement units, we will be obligated to register up to 6,020,000 Class A ordinary shares which includes Class A ordinary shares upon conversion of the rights included in the private placement units and the working capita units. The number of Class A ordinary shares includes (i) 3,750,000 Class A ordinary shares to be issued upon conversion of the founder shares, (ii) 550,000 Class A ordinary shares underlying the private placement units (and up to an additional 55,000 Class A ordinary shares upon conversion of the rights included in the private placement units) and (iii) 150,000 Class A ordinary shares underlying the private placement units that may be issued upon conversion of working capital loans (and up to an additional 15,000 Class A ordinary shares upon conversion of the rights included in the working capital units). The holders of these securities are entitled to make up to three demands, excluding short form demands, that we register such securities. In addition, the holders have certain “piggy -back” registration rights with respect to registration statements filed subsequent to our completion of our initial business combination. Notwithstanding anything to the contrary, Roth may only make a demand on one occasion and only during the five -yearperiod beginning on the effective date of the registration statement of which this prospectus forms a part. In addition, Roth may participate in a “piggy -back” registration only during the seven -yearperiod beginning on the effective date of the registration statement of which this prospectus forms a part. We will bear the expenses incurred in connection with the filing of any such registration statements. 149 Certain relationships and related party transactions