Company: SPEG
Filing Date: 2025-01-21
Form Type: S-1
Source: 0001213900-25-005097
Chunk: 321

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-01-21
Form: S-1
Chunk 321
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 end of each reporting period. Derivative liabilities are classified in the balance sheet as current or non -currentbased on whether or not net cash settlement or conversion of the instrument could be required within 12 months of the balance sheet date. The underwriters’ over -allotmentoption is deemed to be a freestanding financial instrument indexed to the contingently redeemable shares and will be accounted for as a liability pursuant to ASC 480 if not fully exercised at the time of the Proposed Public Offering. Recent Accounting Pronouncements Management does not believe that any recently issued, but not effective, accounting standards, if currently adopted, would have a material effect on the Company’s financial statements. Note 3 — Proposed Public Offering In the Proposed Public Offering, the Company will offer for sale up to 15,000,000 Units, (or 17,250,000 Units if the underwriters’ over -allotmentoption is exercised in full) at a purchase price of $10.05 per Unit. Each Unit that the Company is offering has a price of $10.00 and consists of one Class A ordinary share, and right to receive one - tenthof one Class A ordinary share. Ten rights will entitle the holder to receive one Class A ordinary share. Note 4 — Private Placement The Sponsor and Roth have committed to purchase an aggregate of 550,000 Private placement units (606,250 Private placement units if underwriters’ over -allotmentoption is exercised in full) $10.00 per private unit, each consisting of one Class A ordinary share and one right, or $5,500,000 in the aggregate ($6,062,500 if underwriters’ over -allotmentoption is exercised in full), in a Private placement that will close simultaneously with the closing the Proposed Public Offering. Of those 550,000 Private placement units (606,250 Private placement units if underwriters’ over -allotmentoption is exercised in full), the 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. Each right entitles the holder thereof to receive one -tenthof one Class A ordinary share upon the consummation of an initial business combination. The Private placement units will be identical to the Public rights sold in the Proposed Public Offering except that, so long as they are held by the Sponsor, Roth