Company: SPEG
Filing Date: 2025-01-21
Form Type: S-1
Source: 0001213900-25-005097
Chunk: 228

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-01-21
Form: S-1
Chunk 228
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 connection with this offering. As a result, the number of private placement units purchased by the non -managingsponsor investors through the sponsor, if any, will proportionally reduce the number of private placement units that would otherwise be purchased by the managing member of the sponsor through the sponsor. The private placement units will be identical to the public units sold in this offering except that, so long as they are held by our sponsor or its permitted transferees, the private placement units (i) may not, subject to certain limited exceptions, be transferred, assigned or sold by the holders until 30 days after the completion of our initial business combination, and (ii) will be entitled to registration rights. A portion of the purchase price of the private placement units will be added to the proceeds from this offering to be held in the trust account such that at the time of closing of this offering $150,750,000 (or $173,362,500 if the underwriters exercise their over -allotmentoption in full) will be held in the trust account. If we do not complete our initial business combination within the completion window, the private placement units will expire worthless. The private placement units are subject to the transfer restrictions described below. SilverLode Capital LLC, our sponsor, and our officers and directors are deemed to be our “promoters” as such term is defined under the federal securities laws. Expression of Interest The non -managingsponsor investors have expressed to us an interest in purchasing up to an aggregate of approximately [*] units in this offering at the offering price (assuming the exercise in full of the underwriter’s over -allotmentoption). None of the non -managingsponsor investors has expressed to us an interest in purchasing more than 9.9% of the units to be sold in this offering. The potential purchase by the non -managingsponsor investors of units in the offering is not conditioned on their potential indirect purchase of private placement units and founder shares in the private placement. This may result in the non -managingsponsor investors potentially having different interests than the other public shareholders in approving the initial business combination due to their indirect ownership of founder shares and private placement units. Depending on how many units are purchased by the non -managingsponsor investors, the post -offeringtrading volume, volatility and liquidity of our securities may be reduced relative to what they would have been had the units been more widely offered and sold to other public investors. Subject to each non -manag