Company: SPEG
Filing Date: 2025-05-20
Form Type: S-1/A
Source: 0001213900-25-045972
Chunk: 335

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-05-20
Form: S-1/A
Chunk 335
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 below). The Company will not generate any operating revenues until after the completion of its initial Business Combination, at the earliest. The Company will generate non -operatingincome in the form of interest income on investments from the proceeds derived from the Proposed Public Offering (as defined below). The Company has selected December 31 as its fiscal year end. The Company’s Sponsor is SilverLode Capital LLC (the “Sponsor”). The Company’s ability to commence operations is contingent upon obtaining adequate financial resources through a Proposed Public Offering of 10,000,000 units at $10.00 per unit (the “Units”) (or 11,500,000 Units if the underwriters’ over -allotmentoption is exercised in full), which is discussed in Note 3 (the “Proposed Public Offering”). Each Unit consists of one Class A ordinary share (“Public Share”) and one right to receive one -tenthof one Class A ordinary share (“Public Right” or “Share Right”). Ten rights entitles the holder to receive one Class A ordinary share. In addition, simultaneously with the closing of the Proposed Public Offering, the Company will sell an aggregate of 3,250,000 Private placement warrants (whether or not the underwriters’ over -allotmentoption is exercised in full) (the “Private placement warrants”) to the Sponsor and Roth, the representative of the underwriters of the Proposed Public Offering, at a price of $1.00 per Private Placement. Of those 3,250,000 Private placement warrants, the Sponsor has agreed to purchase 2,000,000 Private placement warrants and Roth has agreed to purchase 1,250,000 Private placement warrants. The Company’s management has broad discretion with respect to the specific application of the net proceeds of the Proposed Public Offering and the Private placement warrants, although substantially all of the net proceeds are intended to be generally applied toward consummating a Business Combination (less deferred underwriting commissions). The Company’s Business Combination must be with one or more target businesses that together have a fair market value equal to at least 80% of the net balance in the Trust Account (as defined below) (excluding the amount of deferred underwriting discounts held and taxes payable on the income earned on the Trust Account) at the time of the signing an agreement to enter into a Business Combination. However, the Company will only complete a Business Combination if the post -BusinessCombination company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise ac