Company: SPEG
Filing Date: 2025-08-25
Form Type: 10-Q
Source: 0002077096-25-000055
Chunk: 58

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-08-25
Form: 10-Q
Item: Part I, Item 8
Chunk 58
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Shares is available throughout the measurement period. If and when the Class B.1 Private Placement Warrants become redeemable by
the Company the Company may not exercise the Company’s redemption right if the issuance of Ordinary Shares upon exercise of the
Class B.1 Private Placement Warrants is not exempt from registration or qualification under applicable state blue sky laws or we
are unable to effect such registration or qualification. The Company will use its best efforts to register or qualify such Ordinary Shares
under the blue sky laws of the state of residence in those states in which the Class B.1 Private Placement Warrants were offered
by us in this offering. The Company established the last of the redemption criterion discussed above to prevent a redemption call unless
there is at the time of the call a significant premium to the warrant exercise price. If the foregoing conditions are satisfied and The
Company issues a notice of redemption of the Class B.1 Private Placement Warrants, each warrant holder will be entitled to exercise
his, her or its Class B.1 Private Placement Warrant prior to the scheduled redemption date. However, the price of the Class A
ordinary shares may fall below the $18.00 redemption trigger price (as adjusted for share sub-divisions, share capitalizations, reorganizations,
recapitalizations and the like) as well as the $11.50 warrant exercise price after the redemption notice is issued.

The Class B.2 Private Placement Warrants
are not redeemable.

NOTE 5. RELATED PARTY TRANSACTIONS

Founder Shares

On June 28, 2024, the Sponsor made a capital
contribution of $25,000, or approximately $0.006 per share, for which the Company issued 4,312,500 founder shares to the Sponsor. Subsequently,
on February 6, 2025, the Company, through share capitalization, issued the sponsor an additional 1,437,500 Class B ordinary shares as
bonus shares, bringing the aggregate number of founder shares to 5,750,000 Class B ordinary shares. On May 7, 2025, the Sponsor surrendered
1,916,667 founder shares leaving 3,833,333 Class B ordinary shares with a price per share of approximately $0.075 per share. All share
and per share data have been retrospectively presented. Up to 500,000 of the founder shares may be surrendered by the Sponsor for no
consideration depending on the extent to which