Company: SPEG
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110444
Chunk: 10

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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 reasonably possible but not more than ten business days
thereafter, redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust
Account, including interest earned on the funds held in the Trust Account (less taxes payable, other than any excise or similar tax that
may be due or payable, and up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding public
shares, which redemption will constitute full and complete payment for the public shares and completely extinguish public shareholders’
rights as shareholders (including the right to receive further liquidation or other distributions, if any), subject to the Company’s
obligations under Cayman Islands law to provide for claims of creditors and subject to the other requirements of applicable law.

6

SILVER PEGASUS ACQUISITION CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025

(Unaudited) 

The Sponsor, officers and directors have entered into a letter agreement
with the Company, pursuant to which they have agreed to (i) waive their redemption rights with respect to their founder shares and
public shares in connection with the completion of the initial Business Combination; (ii) waive their redemption rights with respect
to their founder shares and public shares in connection with a shareholder vote to approve an amendment to the Company’s amended
and restated memorandum and articles of association; (iii) waive their rights to liquidating distributions from the Trust Account
with respect to their founder shares if the Company fails to complete the initial Business Combination within the Completion Window, although
they will be entitled to liquidating distributions from the Trust Account with respect to any public shares they hold if the Company fails
to complete the initial Business Combination within the Completion Window and to liquidating distributions from assets outside the Trust
Account; and (iv) vote any founder shares held by them and any public shares purchased during or after the Initial Public Offering
(including in open market and privately negotiated transactions) in favor of the initial Business Combination (except that any public
shares such parties may purchase in compliance with the requirements of Rule 14e-5 under the Exchange Act would not be voted
in favor of approving the Business Combination).

The Company’s Sponsor has agreed that it
will be liable to the Company if and to the extent any claims by a third party for services