Company: SPEG
Filing Date: 2025-08-25
Form Type: 10-Q
Source: 0002077096-25-000055
Chunk: 62

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-08-25
Form: 10-Q
Item: Part I, Item 8
Chunk 62
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 have a 45-day option from the
date of the Initial Public Offering to purchase up to an additional 1,500,000 units to cover over-allotments, if any. On July 16,
2025, simultaneously with the closing of the Initial Public Offering, the underwriters fully exercised the over-allotment option to purchase
an additional 1,500,000 Units.

The underwriters were entitled to a cash underwriting
discount of $2,000,000 paid upon the closing of the Initial Public Offering. Additionally, the underwriters are entitled to a deferred
underwriting discount of 3.5% of the gross proceeds of the Initial Public Offering, $4,025,000 in the aggregate upon the completion of
the Company’s initial Business Combination subject to the terms of the underwriting agreement.

NOTE 7. SHAREHOLDER’S DEFICIT

Preference Shares — The
Company is authorized to issue a total of 5,000,000 preference shares at par value of $0.0001 each. At June 30, 2025 (unaudited) and
December 31, 2024, there were no preference shares issued or outstanding.

Class A Ordinary Shares — The
Company is authorized to issue a total of 445,000,000 Class A ordinary shares at par value of $0.0001 each. At June 30, 2025 (unaudited)
and December 31, 2024, there were no shares of Class A ordinary shares issued or outstanding.

Class B Ordinary Shares — The
Company is authorized to issue a total of 50,000,000 Class B ordinary shares at par value of $0.0001 each. At June 30, 2025 (unaudited)
and December 31, 2024, there were 3,833,333 Class B ordinary shares issued and outstanding.

The founder shares will automatically convert
into Class A ordinary shares concurrently with or immediately following the consummation of the initial Business Combination or earlier
at the option of the holder on a one-for-one basis, subject to adjustment for share sub-divisions, share capitalizations, reorganizations,
recapitalizations and the like, and subject to further adjustment as provided herein. In the case that additional Class A ordinary
shares, or any other equity-linked securities, are issued or deemed issued in excess of the amounts sold in this offering and related