Company: SPEG
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110444
Chunk: 23

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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 B.1 and Class B.2 warrant agreements, a warrant holder may exercise its warrants only for a whole number of
Class A ordinary shares. This means only a whole warrant may be exercised at a given time by a warrant holder. No fractional warrants
will be issued upon separation of the units and only whole warrants will trade. The warrants will expire five years after the completion
of the initial Business Combination.

The Company will not be obligated to deliver any Class A ordinary
shares pursuant to the exercise of a warrant and will have no obligation to settle such warrant exercise unless a registration statement
under the Securities Act with respect to the Class A ordinary shares underlying the warrants is then effective and a prospectus relating
thereto is current, subject to the Company satisfying its obligations described below with respect to registration. No warrant will be
exercisable and the Company will not be obligated to issue a Class A ordinary share upon exercise of a warrant unless the Class A
ordinary share issuable upon such warrant exercise has been registered, qualified or deemed to be exempt under the securities laws of
the state of residence of the registered holder of the warrants. In the event that the conditions in the two immediately preceding sentences
are not satisfied with respect to a warrant, the holder of such warrant will not be entitled to exercise such warrant and such warrant
may have no value and expire worthless. In no event will the Company be required to net cash settle any warrant. In the event that a registration
statement is not effective for the exercised warrants, the purchaser of a unit containing such warrant will have paid the full purchase
price for the unit solely for the Class A ordinary share underlying such unit.

The Company is not registering the Class A ordinary shares issuable
upon exercise of the warrants. However, because the warrants will be exercisable until their expiration date of up to five years
after the completion of the initial Business Combination, in order to comply with the requirements of Section 10(a)(3) of the
Securities Act following the consummation of the initial Business Combination, under the terms of the warrant agreement, the Company has
agreed that, as soon as practicable, but in no event later than 20 business days, after the closing of the initial Business Combination,
the Company will use commercially reasonable efforts to file with the SEC a post-effective amendment to the registration statement of
which this prospectus forms a part or a new registration statement covering the registration under the Securities