Company: SPEG
Filing Date: 2025-01-21
Form Type: S-1
Source: 0001213900-25-005097
Chunk: 33

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-01-21
Form: S-1
Chunk 33
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 any other investor), which we refer to as the “non -managingsponsor investors” throughout this prospectus, have expressed an interest to indirectly purchase, through the purchase of non -managing 13 sponsor membership interests, an aggregate of [350,000] private placement units at a price of $10.00 per private placement unit ([$3,500,000] in the aggregate) in a private placement that will close simultaneously with the closing of this offering. Subject to each non -managingsponsor investor purchasing, through the sponsor, the private placement units it has indicated an intention to purchase in connection with the closing of this offering, the sponsor will issue membership interests at a nominal purchase price to the non -managingsponsor investors reflecting ownership interests in an aggregate of [*] founder shares held by the sponsor. In the event the underwriters exercise their over -allotmentoption, the Company will offer no more than an aggregate of 606,250 private placement units in connection with this offering. A portion of the proceeds from the private placement of the private placement units will be added to the proceeds of this offering and placed in a U.S. -basedtrust account with Continental Stock Transfer & Trust Company acting as trustee. If we do not complete an initial business combination within 24 months from the closing of this offering, unless we extend the amount of time we have to consummate an initial business combination by obtaining shareholder approval to amend our amended and restated memorandum and articles of association, the proceeds from the sale of the private placement units that were deposited into the trust account will be included in the liquidating distribution to our public shareholders and the private placement units will be worthless. While we do not currently intend to seek such shareholder approval, we may elect to do so in the future. There is no limit on the number of extensions that we may seek. If we do not or are unable to extend the time period to consummate our initial business combination, our sponsor’s investment in our founder shares and our private placement units will be worthless. Additional Financing We have not selected any specific business combination target but intend to target businesses with enterprise values that are greater than what we could acquire with the net proceeds of this offering and the sale of the private placement units. As a result, if the cash portion of the purchase price exceeds the amount available from the trust account, net of amounts needed to satisfy any redemption by public shareholders, we may be required to seek additional financing to complete such proposed initial business combination. Such additional financing may be