Company: SPEG
Filing Date: 2025-08-25
Form Type: 10-Q
Source: 0002077096-25-000055
Chunk: 23

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-08-25
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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 capital markets or other geopolitical conditions resulting from the Russian invasion of Ukraine,
the Israel-Hamas conflict and subsequent sanctions or related actions, could adversely affect the Company’s search for an initial
business combination and any target business with which the Company may ultimately consummate an initial business combination.

12

SILVER PEGASUS ACQUISITION CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

(UNAUDITED)

Registration Rights

The holders of the (i) founder shares, (ii) Private
Placement Warrants which were issued in a private placement simultaneously with the closing of the Initial Public Offering and the Class A
ordinary shares underlying such Private Placement Warrants and (iii) Private Placement Warrants and rights that may be issued upon
conversion of working capital loans will have registration rights to require the Company to register a sale of any of the Company’s
securities held by them and any other securities of the Company acquired by them prior to the consummation of the initial Business Combination
pursuant to a registration rights agreement to be signed prior to or on the effective date of the Initial Public Offering. The holders
of these securities are entitled to make up to three demands, excluding short form demands, that the Company register such securities.
In addition, the holders have certain piggy-back registration rights with respect to registration statements filed subsequent to the Company’s
completion of its 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 entitled to a cash underwriting
discount of $2,000,000 paid upon the closing of the Initial Public Offering. 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. SHAREHOLDER’S DEFICIT

Preference Shares