Company: SPEG
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110444
Chunk: 77

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 77
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 ordinary share upon exercise of a warrant unless the Class A
ordinary share issuable upon such warrant exercise has been registered, qualified or deemed to be exempt under the securities laws of
the state of residence of the registered holder of the warrants. In the event that the conditions in the two immediately preceding sentences
are not satisfied with respect to a warrant, the holder of such warrant will not be entitled to exercise such warrant and such warrant
may have no value and expire worthless. In no event will the Company be required to net cash settle any warrant. In the event that a registration
statement is not effective for the exercised warrants, the purchaser of a unit containing such warrant will have paid the full purchase
price for the unit solely for the Class A ordinary share underlying such unit.

The Company is not registering the Class A ordinary shares issuable
upon exercise of the warrants. However, because the warrants will be exercisable until their expiration date of up to five years
after the completion of the initial Business Combination, in order to comply with the requirements of Section 10(a)(3) of the
Securities Act following the consummation of the initial Business Combination, under the terms of the warrant agreement, the Company has
agreed that, as soon as practicable, but in no event later than 20 business days, after the closing of the initial Business Combination,
the Company will use commercially reasonable efforts to file with the SEC a post-effective amendment to the registration statement of
which this prospectus forms a part or a new registration statement covering the registration under the Securities Act of the
Class A ordinary shares issuable upon exercise of the warrants and thereafter will use the commercially reasonable efforts to cause
the same to become effective within 60 business days following initial Business Combination and to maintain a current prospectus
relating to the Class A ordinary shares issuable upon exercise of the warrants until the expiration of the warrants in accordance
with the provisions of the warrant agreement. If a registration statement covering the Class A ordinary shares issuable upon exercise
of the warrants is not effective by the sixtieth (60) business day after the closing of the initial business combination, warrant
holders may, until such time as there is an effective registration statement and during any period when the Company will have failed to
maintain an effective registration statement, exercise warrants on a “cashless basis” in accordance with Section 3(a)(9) of
the Securities Act or another