Company: SPEG
Filing Date: 2025-08-25
Form Type: 10-Q
Source: 0002077096-25-000055
Chunk: 137

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-08-25
Form: 10-Q
Item: Part II, Item 2
Chunk 137
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Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds.

On June 28, 2024, the Sponsor subscribed for
4,312,500 founder shares for a total subscription price of $25,000 and fully paid for those shares. Subsequently, on February 6, 2025,
the Company, through 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 ordinary shares. On May 7, 2025, the Sponsor surrendered 1,916,667 founder
shares leaving 3,833,333 Class B ordinary shares with a price per share of approximately $0.075 per share. The foregoing issuance was
made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act.

Simultaneously with the closing of the Initial
Public Offering, the Company consummated the sale of 3,250,000 warrants, comprising of two classes of warrants, consisting of Class B.1
warrants and Class B.2 warrants (together referred to as the “Private Placement Warrants”) at a price of $1.00 per Private
Placement Warrant, in a private placement to SilverLode Capital LLC, the Company’s sponsor (the “Sponsor”), and Roth,
the representatives of the underwriters of the Initial Public Offering, generating gross proceeds of $3,250,000, which is described in
Note 4. Of the 3,250,000 Private Placement Warrants, the sponsor purchased 1,000,000 Class B.1 Private Placement Warrants and 1,000,000
Class B.2 Private Placement Warrants and Roth purchased 1,250,000 Class B.1 Private Placement Warrants. The foregoing issuance was made
pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act.

The Private Placement Warrants are identical
to the warrants underlying the Units sold in the Initial Public Offering, except that the Private Placement Warrants are not transferable,
assignable or salable until after the completion of a Business Combination, subject to certain limited exceptions.

Of the gross proceeds received from the Initial
Public Offering and the proceeds of the sale of the Private Placement Warrants, an aggregate of $115,000,000 was placed in the Trust
Account.

We paid a total of