Company: SPEG
Filing Date: 2025-08-25
Form Type: 10-Q
Source: 0002077096-25-000055
Chunk: 15

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-08-25
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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 Class A ordinary share. Ten rights entitle the holder to receive
one Class A ordinary share.

Rights

Except in cases where the Company is not the
surviving Company in a business combination, each holder of a right will automatically receive one-tenth of one Class A ordinary
share upon consummation of the initial Business Combination, even if the holder of a public right converted all Class A ordinary
shares held by them or it in connection with the initial Business Combination or an amendment to the amended and restated memorandum
and articles of association with respect to the pre-Business Combination activities. As a result, holders must hold ten rights to receive
one Class A ordinary share at the closing of the initial Business Combination. In the event the Company will not be the surviving
Company upon completion of the initial Business Combination, each holder of a right will be required to affirmatively convert its rights
in order to receive the one-tenth of a share underlying each right upon consummation of the Business Combination. 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.

9

SILVER PEGASUS ACQUISITION CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

(UNAUDITED)

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 ent