Company: SPEG
Filing Date: 2025-01-21
Form Type: S-1
Source: 0001213900-25-005097
Chunk: 297

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-01-21
Form: S-1
Chunk 297
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 allocate the units to investors and may determine to sell a different number of units to the non -managingsponsor investors, or none at all, or in order to satisfy applicable Nasdaq listing standards. The underwriter will receive the same upfront discounts and commissions and deferred underwriting commissions on units purchased by the non -managingsponsor investors, if any, as it will on the other units sold to the public in this offering. Any trading decisions made by any of the foregoing entities will be made by them based on market conditions at the time of the proposed sale or redemption. Roth’s affiliates will not become non -managingsponsor investors or receive any economic or other interest in the sponsor. Right of First Refusal Subject to certain conditions, we granted Roth a right of first refusal to act as (i) exclusive financial advisor with respect to the Business Combination and (ii) lead book running manager or financial advisor (with at least 75% of the economics paid to all advisors and/or underwriters in connection therewith) for any and all investments or financings that are concurrent with, or otherwise in connection with, the Business Combination. In accordance with FINRA Rule 5110(g)(6), such right of first refusal shall not have a duration of more than three years from the commencement of sales of this offering. Stabilization and Other Transactions The underwriters pursuant to Regulation M under the Securities Exchange Act of 1934, as amended, may engage in short sale transactions, stabilizing transactions, syndicate covering transactions or the imposition of penalty bids in connection with this offering. These activities may have the effect of stabilizing or maintaining the market price of the units at a level above that which might otherwise prevail in the open market. Establishing short sales positions may involve either “covered” short sales or “naked” short sales. “Covered” short sales are sales made in an amount not greater than the underwriters’ option to purchase additional units in this offering. The underwriters may close out any covered short position by either exercising the overallotment option or purchasing our units in the open market or from market participants. In determining the source of units to close out the covered short position, the underwriters will consider, among other things, the price of units available for purchase in the market as compared to the price at which they may purchase units through the overallotment option. “Naked” short sales are sales in excess of the option to purchase additional units. The underwriters must close out any naked short position