Company: SPEG
Filing Date: 2025-01-21
Form Type: CORRESP
Source: 0001213900-25-005100
Chunk: 2

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-01-21
Form: CORRESP
Chunk 2
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 our sponsor, officers and directors and any other holder of our founder shares, including any non-managing sponsor investors, directly or indirectly may profit substantially from a business combination as a result of their ownership of founder shares even under circumstances where our public shareholders would experience losses in connection with their investment, a conflict of interest may arise in determining whether a particular business combination target is appropriate for our initial business combination, including in connection with the shareholder vote in respect thereto”on page 77.

The Company has removed the number
of units for which it has received an indications of interest from non-managing sponsor investors because no expressions of interest
have yet been communicated by the non-managing sponsor investors due to the changed terms of the offering and the passage of time. Even
if it had received an indication of interest for 100% of the shares, the underwriters would not allocate all of the shares to the non-managing
sponsor investors to ensure that the Company complied with minimum listing requirements.

The Company is not a party to any agreements between the non-managing sponsor investors and the sponsor.

5. Regarding your disclosure of the expressions of interest by the non-managing sponsor investors to indirectly purchase private placement warrants by purchasing sponsor membership units, please revise to add clarifying disclosure to directly compare the percentage of such private warrants that may be purchased to the percentage of private warrants to be held by the sponsor following the offering (and after taking into effect the transfers of membership interests in your sponsor to the independent directors, as you disclose on page 7 and elsewhere).

Response: The Company
revised the disclosure in the S-1 to reflect the number of private placement units purchased in the offering by the sponsor and the
percentage of ownership on the Cover Page and elsewhere throughout the S-1. See pages 3, 13, 23, 59, 76, 101, 144 and 150.

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6. Where you discuss the non-managing sponsor investors’ expression of interest, please revise to clarify whether their potential purchase of units in the offering is conditioned on their potential indirect purchase of private placement warrants and founder shares in a private placement, or vice versa. In this regard, we note your disclosure that the non- managing sponsor investors will potentially have different interests than your other public shareholders in approving your initial business combination and otherwise exercising their rights as public shareholders because of their indirect ownership of founder shares.

Response: The Company revised
the disclosure in the S-1 to address the Staff’s