Company: SPEG
Filing Date: 2025-01-21
Form Type: S-1
Source: 0001213900-25-005097
Chunk: 233

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-01-21
Form: S-1
Chunk 233
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 In June 2024, our sponsor paid $25,000, or approximately $0.006 per share, to cover certain of our offering costs in exchange for 4,312,500 founder shares (or $0.007 per share for 3,750,000 founder shares if the underwriter does not exercise its over -allotmentoption). The number of founder shares outstanding was determined based on the expectation that the total size of this offering would be a maximum of 17,250,000 units if the underwriters’ over -allotmentoption is exercised in full, and therefore that such founder shares would represent 20% of the outstanding shares after this offering. Up to 562,500 of the founder shares will be surrendered for no consideration depending on the extent to which the underwriters’ over -allotmentis exercised. If we increase or decrease the size of the offering, we will effect a share capitalization or a share repurchase or redemption or other appropriate mechanism, as applicable, with respect to our Class B ordinary shares immediately prior to the consummation of this offering in such amount as to maintain the number of founder shares at 20% of our issued and outstanding ordinary shares upon the consummation of this offering. Our sponsor and Roth, the representative of the underwriters of this offering, have committed to, pursuant to written agreements, to purchase an aggregate of 550,000 private placement units (or up to 606,250 units if the underwriters’ over -allotmentoption is exercised in full), each comprised of one Class A ordinary share and one right to receive one -tenthof one Class A ordinary share, at a price of $10.00 per private placement unit, or $5,500,000 in the aggregate (or up to $6,062,500 if the underwriters’ over -allotmentoption is exercised in full), in a private placement that will close simultaneously with the closing of this offering. Of those 550,000 private placement units, our sponsor has agreed to purchase 350,000 private placement units (or 406,250 private placement units if underwriters’ over -allotmentoption is exercised in full) and Roth has agreed to purchase 200,000 private placement units. The non -managingsponsor investors have indicated an interest to indirectly purchase, through the purchase of non -managingsponsor membership interests, an aggregate of [350,000] private placement units (or up to [406,