Company: SPEG
Filing Date: 2025-01-21
Form Type: S-1
Source: 0001213900-25-005097
Chunk: 5

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-01-21
Form: S-1
Chunk 5
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 [**] private placement units at the time of the business combination, after taking into effect the issuance of membership interests to the independent directors and the non -managingsponsor investors. The potential purchase by the non -managingsponsor investors of units in the offering is not conditioned on their potential indirect purchase of private placement units and founder shares in the private placement. This may result in the non -managingsponsor investors potentially having different interests than the other public shareholders in approving the initial business combination due to their indirect ownership of founder shares and private placement units. For a discussion of certain additional arrangements with the non -managingsponsor investors, see “ Summary — The Offering — Expression of Interest.” In the event that the non -managingsponsor investors purchase such units (either in this offering or after) and vote them in favor of our initial business combination, no affirmative votes from other public shareholders would be required to approve our initial business combination. However, because the non -managingsponsor investors are not obligated to continue owning any public shares following the closing and are not obligated to vote any public shares in favor of our initial business combination, we cannot assure you that any of these non -managingsponsor investors will be public shareholders at the time our shareholders vote on our initial business combination, and, if they are public shareholders, we cannot assure you as to how such non -managingsponsor investors will vote on any business combination. The interests of the members of the sponsor are denominated in two classes of membership interest units: (i) class A membership units representing interests in the founder shares and (ii) class B membership units that will represent an interest in the private placement units. It is expected that many members of the sponsor, including the managing member of the sponsor and certain non -managingsponsor members that may join the sponsor concurrently with this offering, will hold both classes of membership units representing their proportional interest in the founder shares and private placement units, respectively. Pursuant to an agreement of all members of the sponsor, the management and control of the sponsor is vested exclusively with the managing member, without any voting, veto, consent or other participation rights by any non -managingmembers regardless of their unit ownership. All matters submitted to a vote by the managing member will require the affirmative vote of the class A membership units held only by the managing member, without regard to any membership interests held by any non -managingmembers. As a result, non -managingsponsor members will have no right