Company: SPEG
Filing Date: 2025-05-20
Form Type: S-1/A
Source: 0001213900-25-045972
Chunk: 163

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-05-20
Form: S-1/A
Chunk 163
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 any limitations (including, but not limited to, cash requirements) created by the terms of the proposed business combination. (3)Actual share amount is prior to any forfeiture of founder shares and as adjusted amount assumes no exercise of the underwriters’ over -allotmentoption and forfeiture of an aggregate of 500,000 founder shares. (4)We will account for the 3,250,000 warrants to be issued in connection with the private placement raise and the 10,000,000 public rights to be issued in connection with this offering, included in the units (assuming the underwriters’ over -allotmentoption is not exercised) in accordance with the guidance contained in ASC 815 -40. Such guidance provides that because the warrants do not meet the criteria for equity treatment thereunder, each warrant must be recorded as a liability. In turn, the rights, as an equity -linkedsecurity also issued at this time will also be accounted for as a liability. Accordingly, we will classify each warrant and right, described as derivative liabilities, as liabilities at its fair value. These liabilities are subject to re -measurementat each balance sheet date. With each such re -measurement, the derivative liabilities will be adjusted to fair value, with the change in fair value recognized in our statement of operations. Such classification is also subject to re -evaluationat each reporting period.

101 Management’s discussion and analysis of financial condition and results of operati ons Overview We are a blank check company incorporated on June 5, 2024 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target. We may pursue an initial business combination in any business or industry. Our primary focus, however, will be in completing a business combination with an established business of scale poised for continued growth, led by a highly regarded management team. We intend to effectuate our initial business combination using cash from the proceeds of this offering and the private placement of the private placement warrants, the proceeds of the sale of our shares in connection with our initial business combination (pursuant to forward purchase agreements or backstop agreements we may enter into following the consummation of this offering