Company: SPEG
Filing Date: 2025-06-18
Form Type: CORRESP
Source: 0001213900-25-055714
Chunk: 2

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-06-18
Form: CORRESP
Chunk 2
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 calculating the        
 exchange at various market prices and provide clear disclosure throughout to the extent such exchange could result in material dilution. |

Response: In response to the Staff’s comment, the Company has revised the
disclosure on the cover and page 174 of the Amendment.

Risk Factors
Risks Relating to our Management Team, page 73

| 6. | We note your disclosure on page 7 that in order to facilitate the initial business combination your sponsor may surrender or forfeit,      
 transfer, or exchange founder shares, private placement warrants or any of its other securities, including for no consideration, as well   
 as subject any such securities to earn-outs or other restrictions, or otherwise amend the terms of any such securities or enter into any   
 other arrangements with respect to any such securities. Please add risk factor disclosure about risks that may arise from the sponsor      
 having the ability to remove itself as your sponsor before identifying a business combination, including through the unconditional ability 
 to transfer the founder shares or otherwise.                                                                                               |

Response: In response to the Staff’s
comment, the Company has revised the disclosure on page 75 of the Amendment.

General

| 7. | We note that this amendment reduces the amount of time the company has to complete its initial business combination from 24 months         
 to 18 months. However, we continue to note numerous references to 24 months, such as in the summary and risk factors. Please reconcile     
 the time period within which the company has to complete its initial business combination. Similarly, we note the anti-dilution percentage 
 of the sponsor shares in the table on page 4, 20%, is inconsistent with the disclosure throughout the prospectus, which references 25%.    |

Response: The Amendment has been updated
to reflect the 18 month time frame to complete the business combination. We have corrected the percentage of the sponsor shares on page
4 and page 150 to reflect a 25% ownership interest.

Should you have any questions about the responses
contained herein, please contact me by telephone at (212) 407-4043 (office) or via email at jaryeh@loeb.com.

Sincerely,

| /s/Julia Aryeh |
| Julia Aryeh    |
| Senior Counsel |

| Cc: | Giovanni Caruso |