Company: SPEG
Filing Date: 2025-01-21
Form Type: S-1
Source: 0001213900-25-005097
Chunk: 271

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-01-21
Form: S-1
Chunk 271
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 elapsed from the time that the issuer filed current Form 10 type information with the SEC reflecting its status as an entity that is not a shell company. As a result, our initial shareholders will be able to sell their founder shares and private placement units, as applicable, pursuant to Rule 144 without registration one year after we have completed our initial business combination. Registration Rights The holders of the (i) founder shares, which were issued in a private placement prior to the closing of this offering, (ii) private placement units which will be issued in a private placement simultaneously with the closing of this offering and the Class A ordinary shares underlying such private placement units and (iii) private placement units as well as working capital units that may be issued upon conversion of working capital loans will have registration rights to require us to register a sale of any of our securities held by them and any other securities of the company acquired by them prior to the consummation of our initial business combination pursuant to a registration rights agreement to be signed prior to or on the effective date of this offering. Pursuant to the registration rights agreement and assuming the underwriters exercise their over -allotmentoption in full and $1,500,000 of working capital loans are converted into private placement units, we will be obligated to register up to 6,020,000 Class A ordinary shares including (i) 1,500,000 Class A ordinary shares upon conversion of the public rights, (ii) 3,750,000 Class A ordinary shares to be issued upon conversion of the founder shares, (iii) 550,000 Class A ordinary shares underlying the private placement units (plus 55,000 Class A ordinary shares upon conversion of the private rights that are a component part of such private placement units) and (iv) 150,000 Class A ordinary shares underlying the working capital units that may be issued upon conversion of working capital loans (plus 15,000 Class A ordinary shares upon conversion of the 170 rights that are a component part of such working capital units). The holders of these securities are entitled to make up to three demands, excluding short form demands, that we register such securities. In addition, the holders have certain “piggy -back” registration rights with respect to registration statements filed subsequent to our completion of our initial business combination. We will bear the expenses incurred in connection with the filing of any such registration statements. Listing of Securities We intend to apply to have our units listed on Nasdaq under the symbol “SPEGU” commencing on