Company: SPEG
Filing Date: 2025-01-21
Form Type: S-1
Source: 0001213900-25-005097
Chunk: 15

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-01-21
Form: S-1
Chunk 15
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, 2024 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target. We may pursue an initial business combination target in any business or industry or at any stage of its corporate evolution. Our primary focus, however, will be in completing a business combination with an established business in the technology sector, with a focus on semiconductors and systems solutions. Initially, we will look at companies that are poised for growth, led by a highly regarded management team, with an enterprise value in the range of $200 – $500million. Our management team has an extensive track record of managing or acquiring attractive assets at disciplined valuations, managing and investing in growth while fostering financial discipline and improving business results. Our Sponsor Our sponsor is a Delaware limited liability company, which was formed to invest in us. Although our sponsor is permitted to undertake any activities permitted under the Delaware Limited Liability Company Act and other applicable law, our sponsor’s business is focused on investing in our company. The managing member of the sponsor is Cesar Johnston, our Chairman and Chief Executive Officer. Mr. Johnston controls the management of our sponsor, including the exercise of voting and investment discretion over the securities of our company held by our sponsor. Of the 550,000 private placement units, 350,000 units will be purchased by the sponsor in the private placement, the non -managingsponsor investors have indicated their intention to purchase, through membership interests in the sponsor, [350,000] private placement units, or [**]% of the private placement units, with the sponsor and our officers and directors owning economic interests in the remainder. See “Summary — The Offering — Private placement units.” In addition, our independent directors will purchase an indirect interest in the founder shares through membership interests in our sponsor. Other than our management team, none of the other members of our sponsor will participate in our company’s operating activities. The following table sets forth the payments to be received by our sponsor and its affiliates from us prior to or in connection with the completion of our initial business combination and the securities issued and to be issued by us to our sponsor or its affiliates:

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