Company: SPEG
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110444
Chunk: 21

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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 No additional consideration
will be required to be paid by a holder of rights in order to receive its additional Class A ordinary shares upon consummation of
an initial Business Combination. The Class A shares issuable upon conversion of the rights will be freely tradable (except to the
extent held by affiliates). If the Company enters into a definitive agreement for a Business Combination in which the Company will not
be the surviving entity, the definitive agreement will provide for the holders of rights to receive the same per share consideration
the holders of the Class A ordinary share will receive in the transaction on an as-converted into ordinary share basis.

NOTE 4. PRIVATE PLACEMENT

Simultaneously with the closing of the Initial
Public Offering, the Sponsor and Roth, the representative of the underwriters, purchased an aggregate of 3,250,000 Private Placement
Warrants which is comprised of two classes of warrants (whether or not the underwriters’ over-allotment option is exercised in
full), consisting of Class B.1 warrants and Class B.2 warrants (together referred to as the “Private Placement Warrants”)
at $1.00 per Private Placement Warrant, generating gross proceeds of $3,250,000. Each Private Placement Warrant entitles the holder thereof
to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment. Of those 3,250,000 Private Placement Warrants,
the Sponsor purchased 1,000,000 Class B.1 warrants and 1,000,000 Class B.2 warrants and Roth purchased 1,250,000 Class B.1 warrants.

The Sponsor, officers and directors have entered into a letter agreement
with the Company, pursuant to which they have agreed to (i) waive their redemption rights with respect to their founder shares and
public shares in connection with the completion of the initial Business Combination; (ii) waive their redemption rights with respect
to their founder shares and public shares in connection with a shareholder vote to approve an amendment to the Company’s amended
and restated memorandum and articles of association (A) to modify the substance or timing of the Company’s obligation to allow
redemption in connection with the initial Business Combination or to redeem 100% of the public shares if the Company has not consummated
an initial Business Combination within the Completion Window or (B) with respect to any other material provisions relating to shareholders’
rights or