Company: SPEG
Filing Date: 2025-06-20
Form Type: S-1/A
Source: 0001213900-25-055713
Chunk: 277

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-06-20
Form: S-1/A
Chunk 277
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 securities; (ii)will be entitled to registration rights, and (iii)with respect to private Class B.1 placement warrants held by Roth and/or its designees, will not be exercisable more than five years from the commencement of sales in this offering in accordance with FINRA Rule 5110(g)(8). Class B.2 Private Placement Warrants The Class B.1 private placement warrants and the Class B.2 private placement warrants will be identical except that the Class B.2 private placement warrants will: (i)be non -redeemable; (ii)will not be subject to any forfeiture, transfer, exchange or amendment of the terms in connection with the business combination without the consent of the non -managingsponsor investors; and (iii)for a period beginning on the closing date of the Company’s initial business combination and ending on the expiration date of the Class B.2 private placement warrants, the holders of the Class B.2 private placement warrants shall have the right, but not the obligation, to exchange any of their Class B.2 private placement warrants for a number of Class A Shares equal to the quotient obtained by dividing (x) $0.60 by (y) the Market Price (as defined below) of the Class A ordinary shares as of the date of such exchange; provided, however, that, in the case of clause (iii), the registered holders, to the extent that they are not non -managingsponsor member investors, may not exchange any Class B.2 private placement warrants without the consent of these non -managingsponsor member investors; and provided further that, during the period set forth in clause (iii), if these non -managingsponsor member investors provide to the registered holders written instructions to exchange the Class B.2 private placement warrants as provided in clause (iii), the registered holders will exchange the warrants in accordance with those instructions. The “Market Price” of the Class A ordinary shares as of any date shall mean an amount equal to the trading volume weighted average price of the Class A ordinary shares on the principal market on which the Class A ordinary shares then trade as of such date for the ten (10) trading days immediately preceding such date. By way of illustration, if a non -managingsponsor investor makes an exchange of Class B.2 private placement warrants, and if the Market Price of the Class A ordinary shares as of the date of such exchange is $4.80 per Class A ordinary shares, then the non -man