Company: SPEG
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110444
Chunk: 29

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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(Unaudited) 

Registration Rights

The holders of the (i) founder shares, (ii) Private Placement
Warrants which were issued in a private placement simultaneously with the closing of the Initial Public Offering and the Class A
ordinary shares underlying such Private Placement Warrants and (iii) Private Placement Warrants and rights that may be issued upon
conversion of working capital loans will have registration rights to require the Company to register a sale of any securities held by
them and any other securities of the Company acquired by them prior to the consummation of the initial Business Combination pursuant to
a registration rights agreement to be signed prior to or on the effective date of the Initial Public Offering. The holders of these securities
are entitled to make up to three demands, excluding short form demands, that the Company register such securities. In addition, the holders
have certain piggyback registration rights with respect to registration statements filed subsequent to the Company’s completion
of the initial business combination. The Company will bear the expenses incurred in connection with the filing of any such registration
statements.

Underwriters’ Agreement

The underwriters 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 paid in cash an underwriting
discount of $2,000,000. 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. SHAREHOLDERS’ DEFICIT

Preference Shares — The
Company is authorized to issue a total of 5,000,000 preference shares at par value of $0.0001 each. As of September 30, 2025 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 September 30,