Company: SPEG
Filing Date: 2025-06-20
Form Type: S-1/A
Source: 0001213900-25-055713
Chunk: 130

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-06-20
Form: S-1/A
Chunk 130
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 the sponsor, we had no assets, tangible or intangible. Our sponsor holds founder shares and has committed to purchase 3,250,000 private placement warrants. Subject to each non -managingsponsor investor purchasing, through membership interests in the sponsor, the private placement warrants in connection with the closing of this offering, the sponsor will issue membership interests at a nominal purchase price to the non -managingsponsor investors, economic interests in an aggregate of 1,333,333 founder shares. Our sponsor has committed to purchase an aggregate of 2,000,000 private placement warrants out of the 3,250,000 (whether or not the over -allotmentoption is exercised, which include 1,000,000 Class B.1 private placement warrants and 1,000,000 Class B.2 private placement warrants that will be allocated to the non -managingsponsor member investors), at a price of $1.00 per private placement warrant ($3,250,000 in the aggregate) in a private placement that will close simultaneously with the closing of this offering. Roth has committed to purchase 1,250,000 out of the 3,250,000 private placement warrants (which shall be Class B.1 private placement warrants). If we do not complete our initial business combination within 18 months from the closing of this offering, unless the time to complete our initial business combination is extended in accordance with our memorandum and articles of incorporation, the private placement warrants will be worthless. Given the differential in the purchase price paid for the founder shares as compared to the initial public offering price of the public shares and the substantial number of Class A ordinary shares that holders of our founder shares would receive upon conversion of the founder shares upon a business combination, the founder shares may have significant value after the business combination even if our Class A ordinary shares trade below the initial public offering price and holders of our public shares have a substantial loss on their investment. The non -managingsponsor investors will have the same rights to the funds held in the trust account with respect to the Class A ordinary shares underlying the units they may purchase in this offering as the rights afforded to our other public shareholders. None of the non -managingsponsor members have expressed an interest in purchasing units in the public offering. However, whether or not the non -managingsponsor investors purchase any units in this public offering or in the open market after the offering, the non -managingsponsor investors will have different interests than our other