Company: SPEG
Filing Date: 2025-06-20
Form Type: S-1/A
Source: 0001213900-25-055713
Chunk: 233

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-06-20
Form: S-1/A
Chunk 233
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19, 2024 and to allow ACAB, without another stockholder vote, to elect to extend the October19, 2024 termination date by resolution of ACAB’s board of directors, if requested by the Sponsor, until November19, 2024. 126,122shares of Series A common stock were redeemed. The merger with AbPro was completed on November13, 2024 and 330,276shares of Series A common stock were redeemed. Atlantic Coastal Acquisition Corp (ACAH). From March 2021 Mr.Eisenberg served as a Director and Chief Strategy Officer of Atlantic Coastal Acquisition I, a NASDAQ -listedSPAC that raised $330million, until September 2023, when he resigned in connection with a sponsor handover. ACAH consummated their initial public offering March8, 2021, with gross proceeds of $345,000,000 in the aggregate and completed the private sales of Private Placement Warrants with gross proceeds of $9,100,000. ACAH had to consummate a business combination on or before September8, 2023. On September8, 2023, at a special meeting of the stockholders the date to consummate a business combination was extended to March8, 2024 and a total of 385,961 public shares were redeemed. The securities of ACAH were delisted from Nasdaq on April9, 2024 without completing a business combination. In addition, our sponsor and our officers and directors may sponsor or form other special purpose acquisition companies similar to ours or may pursue other business or investment ventures during the period in which we are seeking an initial business combination. As a result, our sponsor, officers and directors could have conflicts of interest in determining whether to present business combination opportunities to us or to any other special purpose acquisition company with which they may become involved. Any such companies, businesses or investments may present additional conflicts of interest in pursuing an initial business combination target. However, based on the fact that there are many companies, businesses or investments that would be a suitable target for a business combination with us, and because we may consummate a business combination with a target in a broad array of industries, we do not believe that any such potential conflicts would materially affect our ability to complete our initial business combination. We are not prohibited from pursuing an initial business combination with a company that is affiliated with our sponsor, directors or members of our management team; accordingly, such affiliated person(s) may have a conflict of interest in determining whether a