Company: SPEG
Filing Date: 2025-08-25
Form Type: 10-Q
Source: 0002077096-25-000055
Chunk: 55

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-08-25
Form: 10-Q
Item: Part I, Item 8
Chunk 55
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 within the Completion Window and to liquidating distributions
from assets outside the Trust Account; and (iv) vote any founder shares held by them and any public shares purchased during or after
the Initial Public Offering (including in open market and privately-negotiated transactions) in favor of the initial Business Combination
(except that any public shares such parties may purchase in compliance with the requirements of Rule 14e-5 under the Exchange Act
would not be voted in favor of approving the business combination transaction).

Warrants

As of June 30, 2025 (unaudited) and December 31,
2024, there were no Private Placement Warrants outstanding. The Private Placement Warrants, which include the Class B.1 Private Placement
Warrants and the Class B.2 Private Placement Warrants, and the Class A ordinary shares issuable upon exercise of the Private
Placement Warrants, will not be transferable, assignable or salable until 30 days after the completion of the initial Business Combination.

Each Class B.1 Private Placement Warrant
and Class B.2 Private Placement Warrant entitles the registered holder to purchase one Class A ordinary share at a price of
$11.50 per share, subject to adjustment, at any time commencing 30 days after the completion of the initial Business Combination,
provided that the Company has an effective registration statement under the Securities Act covering the Class A ordinary shares
issuable upon exercise of the respective warrants and a current prospectus relating to them is available (or the Company permits holders
to exercise their warrants on a cashless basis under the circumstances specified in the warrant agreement) and such shares are registered,
qualified or exempt from registration under the securities, or blue sky, laws of the state of residence of the holder. Pursuant to the
respective Class B.1 and Class B.2 warrant agreements, a warrant holder may exercise its warrants only for a whole number of
Class A ordinary shares. This means only a whole warrant may be exercised at a given time by a warrant holder. No fractional warrants
will be issued upon separation of the units and only whole warrants will trade. The warrants will expire five years after the completion
of the initial Business Combination.

The Company will not be obligated to deliver any
Class A ordinary shares pursuant to the exercise of a warrant and will have no obligation to settle such warrant exercise unless
a registration statement under the Securities Act with respect to the