Company: SPEG
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110444
Chunk: 24

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 Act of the
Class A ordinary shares issuable upon exercise of the warrants and thereafter will use the commercially reasonable efforts to cause
the same to become effective within 60 business days following initial Business Combination and to maintain a current prospectus
relating to the Class A ordinary shares issuable upon exercise of the warrants until the expiration of the warrants in accordance
with the provisions of the warrant agreement. If a registration statement covering the Class A ordinary shares issuable upon exercise
of the warrants is not effective by the sixtieth (60) business day after the closing of the 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 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 elects, it will not be required to file or maintain in effect a registration statement.

13

SILVER PEGASUS ACQUISITION CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025

(Unaudited) 

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 iss