Company: SPEG
Filing Date: 2025-01-21
Form Type: S-1
Source: 0001213900-25-005097
Chunk: 9

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-01-21
Form: S-1
Chunk 9
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 if the retention or resignation of any such officers and directors was included by a target business as a condition to any agreement with respect to our initial business combination. Additionally, each of our officers and directors presently has, and any of them in the future may have additional, fiduciary, contractual or other obligations or duties to one or more other entities pursuant to which such officer or director is or will be required to present a business combination opportunity to such entities. Similarly, the non -managingsponsor investors presently have, and any of them in the future may have additional, fiduciary, contractual or other obligations or duties to one or more other entities that may pose potential conflicts of interest with such non -managingsponsor investors in approving the business combination, which also may impact their decisions in otherwise exercising their rights as public shareholders because of their indirect ownership of founder shares and private placement units. See “Sum mary — The Offeri ng — Conflicts of interest”, “Management — Conflicts of Interest”, “Proposed Business — Sourcing of Potential Business Combination Targets” and “Management — Conflicts of Interest”. Commencing on the date on which our securities are listed on Nasdaq, we will pay our sponsor $15,000 per month for office space, administrative and shared personnel support services. Upon consummation of this offering, we will repay up to $300,000 in loans made to us by our sponsor to cover offering -relatedand organizational expenses. In the event that following this offering we obtain working capital loans from our sponsor to finance transaction costs related to our initial business combination, up to $1,500,000 of such loans may be converted into private placement units of the post -businesscombination entity at a price of $10.00 per private placement unit at the option of our sponsor. The potential for the issuance of a Class A ordinary shares upon conversion of the rights, which issuance would increase the number of issued and outstanding Class A ordinary shares, may have a dilutive effect on, and could reduce the value of, the Class A ordinary shares to the extent a security holder holds Class A ordinary shares and not rights. Because our sponsor and any non -managingsponsor investors acquired the founder shares at a nominal price, our public shareholders will incur immediate and substantial dilution upon the closing of this offering, assuming no value is ascribed to the rights included in the units. We will also reimburse our sponsor, directors or officers, or our or any of their respective affiliates for any out -of-pocketexpenses related