Company: SPEG
Filing Date: 2025-01-21
Form Type: S-1
Source: 0001213900-25-005097
Chunk: 252

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-01-21
Form: S-1
Chunk 252
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 Exchange Act or any claim for which the federal district courts of the United States of America are the sole and exclusive forum. Private placement units The private placement units and working capital units will be identical to the units sold in this offering except that, so long as they are held by our sponsor or its permitted transferees, the private placement units and working capital units (i) may not, subject to certain limited exceptions, be transferred, assigned or sold by the holders until six months after the completion of our initial business combination, and (ii) will be entitled to registration rights. Amending our rights agreement will require a vote of holders of at least 50% of the rights (including, for the avoidance of doubt, the forfeiture of cancellation of any private placement units or working capital units) solely with respect to any amendment to the terms of the rights or working capital units (including the vote or written consent of Roth with respect to the private placement units). All other modifications or amendments require the vote or written consent the holders of at least 50% of the then -outstandingpublic rights. Dividends We have not paid any cash dividends on our ordinary shares to date and do not intend to pay cash dividends prior to the completion of our initial business combination. A Cayman Islands company may pay a dividend on its shares out of either profit or the share premium account, provided that in no circumstances may a dividend be paid if following 159 such payment the company would be unable to pay its debts as they fall due in the ordinary course of business. The payment of cash dividends following completion of our initial business combination will be within the discretion of our board of directors at such time and will be dependent upon our revenues and earnings, if any, capital requirements and general financial condition at such time. There is no certainty we will be in a position to, or decide to, pay cash dividends after completing any business combination. If we increase or decrease the size of this offering pursuant to Rule 462(b) under the Securities Act, we will effect a share capitalization or other appropriate mechanism immediately prior to the consummation of this offering in such amount as to maintain the number of founder shares at 20% of our issued and outstanding ordinary shares upon the consummation of this offering. Further, if we incur any indebtedness in connection with our initial business combination, our ability to declare dividends following completion of our initial business combination may be limited by restrictive covenants we may agree to in connection therewith. Our Transfer Agent and Rights Agent The transfer