Company: SPEG
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110444
Chunk: 157

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 4
Chunk 157
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 sole book-running manager of the offering. The securities in the offering were registered under the Securities Act on registration
statement on Form S-1 (No. 333-284395). The Securities and Exchange Commission declared the registration statements effective on July
15, 2025.

Simultaneously with the closing of the Initial Public Offering, we consummated the sale of 3,250,000 Private Placement Warrants, comprising
of two classes of warrants, consisting of Class B.1 warrants and Class B.2 warrants, at a price of $1.00 per Private Placement Warrant,
in a private placement to the Sponsor, and the representatives of the underwriters of the Initial Public Offering, 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 foregoing issuance was made pursuant to the exemption
from registration contained in Section 4(a)(2) of the Securities Act.

The Private Placement Warrants are identical
to the warrants underlying the Units sold in the Initial Public Offering, except that the Private Placement Warrants are not transferable,
assignable or salable until after the completion of a Business Combination, subject to certain limited exceptions.

On July 16, 2025, the underwriters exercised
their over-allotment option in full, resulting in the sale of an additional 11,500,000 Units for gross proceeds of $115,500,000. In connection
with the underwriters’ exercise of their over-allotment option, the Company also consummated the sale of an additional 3,250,000
Private Placement Warrants at $1.00 per Private Placement Warrant, generating total proceeds of $3,250,000. A total of $118,750,000 was
deposited into the Trust Account.

Of the gross proceeds received from the Initial
Public Offering, the exercise of the over-allotment option and the Private Placement Warrant, an aggregate of $115,000,000 was placed
in the Trust Account.

We paid a total of $6,025,000 in underwriting
fees