Company: SPEG
Filing Date: 2025-01-21
Form Type: CORRESP
Source: 0001213900-25-005100
Chunk: 0

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-01-21
Form: CORRESP
Chunk 0
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| Julia     
 Aryeh     
 Senior    
 Counsel   
 345 Park  
 Avenue    
 New York, 
 NY 10154  | Direct            
 212.407.4043      
 Main 212.407.4000 
 Fax 212.407.4990  
 jaryeh@loeb.com   |

January 21, 2025

United States Securities and Exchange Commission
Division of Corporate Finance
Office of Real Estate & Construction
100 F Street, N.E.
Washington, DC 20549

| Attention: | Howard                                                       
 Efron, Jennifer Monick, Ronald (Ron) E. Alper and Pam Howell |

Ladies and Gentlemen:

On behalf of our client, Silver
Pegasus Acquisition Corp., a Cayman Islands limited liability company (“SPAC” or the “Company”),
we respond to the comments of the staff of the Division of Corporation Finance of the Commission (the “Staff”) with
respect to the above-referenced Draft Registration Statement on Form S-1 (the “DRS”) filed on July 15, 2024 contained
in the Staff’s letter dated August 9, 2024 (the “Comment Letter”).

The Company has filed via EDGAR
a Registration Statement on Form S-1 (the “S-1”), which reflects the Company’s responses to the comments received
by the Staff and certain updated information. For ease of reference, each comment contained in the Comment Letter is printed below and
is followed by the Company’s response. All page references in the responses set forth below refer to the page numbers in the S-1.

Draft Registration Statement on Form S-1 submitted July 15, 2024

Cover Page

1. Please state the amount of the compensation received or to be received by your sponsor, its affiliates, and promoters. State whether this compensation may result in a material dilution of the purchasers’ equity interests. Provide a cross-reference, highlighted by prominent type or in another manner, to the locations of related disclosures in the prospectus. See Item 1602(a)(3) of Regulation S-K.

Response: The Company
revised the disclosure in the S-1 to address the Staff’s comment. Please see the revised Cover Page of the S-1.

2. We note that your sponsor currently owns an aggregate of 4,312,500 Class B ordinary shares. Please revise to disclose the price paid for such securities. Please also revise to disclose the anti-dilution rights associated with