Company: SPEG
Filing Date: 2025-08-25
Form Type: 10-Q
Source: 0002077096-25-000055
Chunk: 57

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-08-25
Form: 10-Q
Item: Part I, Item 8
Chunk 57
---
 registration statement covering the Class A ordinary shares issuable upon exercise
of the warrants is not effective by the sixtieth (60th) business day after the closing of the Company’s initial Business
Combination, warrant holders may, until such time as there is an effective registration statement and during any period when the Company
will have failed to maintain an effective registration statement, exercise warrants on a “cashless basis” in accordance with
Section 3(a)(9) of the Securities Act or another exemption. Notwithstanding the above, if the Company’s Class A ordinary
shares are at the time of any exercise of a warrant not listed on a national securities exchange such that they satisfy the definition
of a “covered security” under Section 18(b)(1) of the Securities Act, the Company may, at its option, require holders
of public warrants who exercise their warrants to do so on a “cashless basis” in accordance with Section 3(a)(9) of
the Securities Act and, in the event the Company so elect, the Company will not be required to file or maintain in effect a registration
statement.

Redemption of Class B.1 Private Placement
Warrants when the price per Class A ordinary share equals or exceeds $18.00. Once the Class B.1 Private Placement Warrants
become exercisable, the Company may redeem the outstanding Class B.1 Private Placement Warrants:

●in
                                            whole and not in part;

●at a price of $0.01 per warrant; upon a minimum of 30 days’ prior written notice of redemption (the “30-day redemption period”); and

●if, and only if, the closing price of the Class A ordinary shares
equals or exceeds $18.00 per share (as adjusted for adjustments to the number of shares issuable 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 Company’s
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