Company: SPEG
Filing Date: 2025-06-20
Form Type: S-1/A
Source: 0001213900-25-055713
Chunk: 217

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-06-20
Form: S-1/A
Chunk 217
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(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. In other words, an “emerging growth company” can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We intend to take advantage of the benefits of this extended transition period. We will remain an emerging growth company until the earlier of (1) the last day of the fiscal year (a) following the fifth anniversary of the completion of this offering, (b) in which we have total annual gross revenue of at least $1.235 billion, or (c) in which we are deemed to be a large accelerated filer, which means the market value of our Class A ordinary shares that are held by non -affiliatesexceeds $700 million as of the prior June 30, and (2) the date on which we have issued more than $1.0 billion in non -convertibledebt during the prior three -yearperiod. 134 Additionally, we are a “smaller reporting company” as defined in Item 10(f)(1) of Regulation S -K. Smaller reporting companies may take advantage of certain reduced disclosure obligations, including, among other things, providing only two years of audited financial statements. We will remain a smaller reporting company until the last day of the fiscal year in which (1) the market value of our Class A ordinary shares held by non -affiliatesequals or exceeds $250 million as of the end of that year’s second fiscal quarter, or (2) our annual revenues equaled or exceeded $100 million during such completed fiscal year and the market value of our Class A ordinary shares held by non -affiliatesexceeds $700 million as of the end of that year’s second fiscal quarter. Legal Proceedings There is no material litigation, arbitration or governmental proceeding currently pending against us or any members of our management team in their capacities as such. 135

Management Officers, Directors and Director Nominees Our officers, directors and director nominees are as follows:

| Name                 |     | Age |     | Position                                                                  |
| Cesar Johnston       |     |  61 |     | Chairman of the Board of Directors, President and Chief Executive Officer |
| George Jones         |     |  71 |     | Chief Operating Officer and Director Nominee                              |
| Hassan Parsa         |     |  63 |     | Director Nominee                                                          |
| Mike Noonen          |     |  62 |