Company: SPEG
Filing Date: 2025-08-25
Form Type: 10-Q
Source: 0002077096-25-000055
Chunk: 19

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-08-25
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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 warrants to do so on a “cashless basis” in accordance with Section 3(a)(9) of
the Securities Act and, in the event the Company so elect, the Company will not be required to file or maintain in effect a registration
statement.

Redemption of Class B.1 Private Placement
Warrants when the price per Class A ordinary share equals or exceeds $18.00. Once the Class B.1 Private Placement Warrants
become exercisable, the Company may redeem the outstanding Class B.1 Private Placement Warrants:

●in
                                            whole and not in part;

●at a price of $0.01 per warrant; upon a minimum of 30 days’ prior written notice of redemption (the “30-day redemption period”); and

●if, and only if, the closing price of the Class A ordinary shares
equals or exceeds $18.00 per share (as adjusted for adjustments to the number of shares issuable upon exercise or the exercise price of
a warrant) for any 20 trading days within a 30-trading day period commencing at least 30 days after completion of the Company’s
initial Business Combination and ending three business days before the Company sends the notice of redemption to the warrant holders.

The Company will not redeem the Class B.1
Private Placement Warrants as described above unless a registration statement under the Securities Act covering the issuance of the Class A
Ordinary Shares issuable upon exercise of the warrants is then effective and a current prospectus relating to those Class A Ordinary
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