Company: SPEG
Filing Date: 2025-01-21
Form Type: S-1
Source: 0001213900-25-005097
Chunk: 136

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-01-21
Form: S-1
Chunk 136
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 of our management and board of directors. Our rights may have an adverse effect on the market price of our Class A ordinary shares and make it more difficult to effectuate our initial business combination. Our units include 15,000,000 rights (17,500,000 rights if the underwriters exercise their over -allotmentoption) which convert on a 10 -to-1basis upon the consummation of our initial business combination. As such, upon the consummation of our initial business combination the rights will convert into 1,500,000 Class A ordinary shares (or 1,725,000 Class A ordinary shares if the underwriters exercise their over -allotmentoption in this offering). In addition, our initial shareholders, officers and directors or their affiliates may, but are not obligated to, make certain loans to us, up to $1,500,000 of which may be converted upon consummation of our initial business combination into additional private placement units at a price of $10.00 per unit (which, for example, would result in the holders being issued private placement units entitling the holder to an aggregate of 150,000 Class A ordinary shares upon the consummation of our initial business combination, plus an additional 15,000 Class A ordinary shares upon conversion of private rights). To the extent we issue Class A ordinary shares to effectuate a business transaction, the potential for the issuance of a substantial number of additional Class A ordinary shares upon conversion of our rights could make us a less attractive acquisition vehicle to a target business. Any such issuance will increase the number of issued and outstanding Class A ordinary shares and reduce the value of the Class A ordinary shares issued to complete the business transaction. Therefore, our rights may make it more difficult to effectuate a business combination or increase the cost of acquiring the target business. Holders of Class A ordinary shares will not be entitled to vote on continuing the company in a jurisdiction outside of the Cayman Islands. As holders of our Class A ordinary shares, our public shareholders will not have the right to vote on continuing the company in a jurisdiction outside of the Cayman Islands (including any special resolution required to amend our constitutional documents or to adopt new constitutional documents, in each case, as a result of our approving a transfer by way of continuation in a jurisdiction outside of the Cayman Islands). 82 The grant of registration rights to our sponsor, Roth and other holders of our private placement units may make it more difficult to complete our initial business combination,