Company: SPEG
Filing Date: 2025-06-20
Form Type: S-1/A
Source: 0001213900-25-055713
Chunk: 47

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-06-20
Form: S-1/A
Chunk 47
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 Class B.1 private placement warrants and the Class B.2 private placement warrants that make up the private placement warrants are identical except that the Class B.2 private placement warrants will (i) be non-redeemable; (ii) will not be subject to any forfeiture, transfer, exchange or amendment of the terms in connection with the business combination without the consent of the holders thereof; and (iii) for a period beginning on the closing date of the Company’s initial business combination and ending on the expiration date of the Class B.2 private placement warrants, the holders thereof shall have the right, but not the obligation, to exchange any of their Class B.2 private placement warrants for a number of Class A Shares equal to the quotient obtained by dividing (x) $0.60 by (y) the Market Price (as defined below) of the Class A ordinary shares as of the date of such exchange; provided, however, that, in the case of clause (iii), the holders, to the extent that they are not non-managing sponsor member investors, may not exchange any Class B.2 private placement warrants without the consent of other Class B.2 private placement warrant holders; and provided further that, during the period set forth in clause (iii), if these non-managing sponsor member investors provide to the Class B.2 private placement warrant holders written instructions to exchange the B.2 private placement warrants as provided in clause (iii), the holders will exchange the Class B.2 private placement warrants in accordance with those instructions. The “Market Price” of the Class A ordinary shares as of any date shall mean an amount equal to the trading volume weighted average price of the Class A ordinary shares on the principal market on which the Class A ordinary shares then trade as of such date for the ten (10) trading days immediately preceding such date. |

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|                  |     | If we do not complete our initial business combination within the completion window, the private placement warrants will expire worthless.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
 Except in certain limited circumstances, no member of the sponsor (including the non-managing sponsor investors) may transfer all or any portion of its membership interests in the sponsor. For more information, see “Principal Shareholders — Restrictions on Transfers of Founder Shares and Private Placement Warrants”.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| Exercise price:  |     | $11.50 per share, subject to