Company: SPEG
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110444
Chunk: 83

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 83
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 registration statements filed subsequent to the Company’s completion
of the initial business combination. The Company will bear the expenses incurred in connection with the filing of any such registration
statements.

Underwriters’ Agreement

The underwriters have a 45-day option from the
date of the Initial Public Offering to purchase up to an additional 1,500,000 units to cover over-allotments, if any. On July 16,
2025, simultaneously with the closing of the Initial Public Offering, the underwriters fully exercised the over-allotment option to purchase
an additional 1,500,000 Units.

The underwriters were paid in cash an underwriting
discount of $2,000,000. Additionally, the underwriters are entitled to a deferred underwriting discount of 3.5% of the gross proceeds
of the Initial Public Offering, $4,025,000 in the aggregate upon the completion of the Company’s initial Business Combination subject
to the terms of the underwriting agreement.

NOTE 7. SHAREHOLDERS’ DEFICIT

Preference Shares — The
Company is authorized to issue a total of 5,000,000 preference shares at par value of $0.0001 each. As of September 30, 2025 and December
31, 2024, there were no preference shares issued or outstanding.

Class A Ordinary Shares — The
Company is authorized to issue a total of 445,000,000 Class A ordinary shares at par value of $0.0001 each. At September 30, 2025,
there were no shares of Class A ordinary shares issued or outstanding, excluding 11,500,000 shares subject to possible redemption.
At December 31, 2024, there were no Class A ordinary shares issued or outstanding.

Class B Ordinary Shares — The
Company is authorized to issue a total of 50,000,000 Class B ordinary shares at par value of $0.0001 each. On June 28, 2024,
the Company issued 4,312,500 Class B ordinary shares to the Sponsor for $25,000, or approximately $0.006 per share. Subsequently,
on February 6, 2025, the Company, through a share capitalization, issued the Sponsor an additional 1,437,500 Class B ordinary shares as
bonus shares, bringing the aggregate number of founder shares to 5,750,000 Class B