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AI brief of an SEC Form 8-K · Silver Pegasus Acquisition Corp. (SPEG)

Silver Pegasus closes $115 million IPO of 11.5 million units after full over-allotment

Neutral Impact 3 of 5 financing Written later

Silver Pegasus Acquisition Corp., a blank check company, closed its initial public offering on July 16, 2025, selling 11,500,000 units at $10.00 each, including the full exercise of the underwriter's 1,500,000-unit over-allotment option, for gross proceeds of $115 million. The company also sold 3,250,000 private placement warrants at $1.00 each for $3.25 million, and the $115 million was placed in a trust account that holds the funds until a business combination, a shareholder-approved redemption, or the 18-month Combination Period deadline. For shareholders, the filing describes a funded vehicle that must complete an initial business combination within 18 months or return trust funds.

Key points

  • Closed IPO on July 16, 2025: 11,500,000 units at $10.00 per unit, gross proceeds of $115 million
  • Each unit includes one Class A ordinary share and one right to receive one-tenth of a Class A share upon a business combination
  • $115 million placed in a trust account administered by Continental Stock Transfer & Trust Company, with a 18-month Combination Period
  • Private placement of 3,250,000 warrants at $1.00 each, for $3.25 million, sold to the sponsor SilverLode Capital LLC and Roth Capital Partners, LLC

The filing

CompanySilver Pegasus Acquisition Corp. (SPEG)
Form8-K, current report
Filed with the SECJul 18, 2025, 4:15 PM ET
Accession number0001213900-25-065673

Items reported: 1.01 Material Definitive Agreement3.02 Unregistered Equity Sale5.03 Bylaw / Charter Amendment8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 18, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.