Company: SPEG
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110444
Chunk: 25

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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uable upon exercise or the exercise price of
a warrant) for any 20 trading days within a 30-trading day period commencing at least 30 days after completion of the initial
Business Combination and ending three business days before the Company sends the notice of redemption to the warrant holders.

The Company will not redeem the Class B.1 Private Placement Warrants
as described above unless a registration statement under the Securities Act covering the issuance of the Class A Ordinary Shares
issuable upon exercise of the warrants is then effective and a current prospectus relating to those Class A Ordinary Shares is available
throughout the measurement period. If and when the Class B.1 Private Placement Warrants become redeemable by the Company, the Company
may not exercise its redemption right if the issuance of Ordinary Shares upon exercise of the Class B.1 Private Placement Warrants
is not exempt from registration or qualification under applicable state blue sky laws or the Company is unable to effect such registration
or qualification. The Company will use its best efforts to register or qualify such Ordinary Shares under the blue sky laws of the state
of residence in those states in which the Class B.1 Private Placement Warrants were offered by the Company in this offering. The
Company has established the last of the redemption criterion discussed above to prevent a redemption call unless there is at the time
of the call a significant premium to the warrant exercise price. If the foregoing conditions are satisfied and the Company issues a notice
of redemption of the Class B.1 Private Placement Warrants, each warrant holder will be entitled to exercise his, her or its Class B.1
Private Placement Warrant prior to the scheduled redemption date. However, the price of the Class A ordinary shares may fall below
the $18.00 redemption trigger price (as adjusted for share subdivisions, share capitalizations, reorganizations, recapitalizations and
the like) as well as the $11.50 warrant exercise price after the redemption notice is issued.

The Class B.2 Private Placement Warrants
are not redeemable.

NOTE 5. RELATED PARTY TRANSACTIONS

Founder Shares

On June 28, 2024, the Sponsor made a capital
contribution of $25,000, or approximately $0.006 per share, for which the Company issued 4,312,500 founder shares to the sponsor. Subsequently,
on February 6, 2025, the Company, through share capitalization