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

Silver Pegasus Acquisition closes $115 million IPO and places proceeds in trust account

Neutral Impact 3 of 5 financing Written later

Silver Pegasus Acquisition Corp. (SPEG) completed its initial public offering of 11,500,000 units at $10.00 per unit on July 16, 2025, generating $115 million in gross proceeds, including the full exercise of the underwriters' over-allotment option. The same amount was deposited in a trust account for public shareholders, and the company stated it has not yet selected a business combination target.

Key points

  • 11,500,000 units sold at $10.00 each, including 1,500,000 units from the full over-allotment option, for $115,000,000 gross proceeds
  • Private placement of 3,250,000 warrants at $1.00 each, for $3,250,000 gross proceeds, sold to the sponsor and Roth
  • $115,000,000 deposited in the trust account as of July 16, 2025
  • Company has 18 months from the IPO closing to complete an initial business combination

The filing

CompanySilver Pegasus Acquisition Corp. (SPEG)
Form8-K, current report
Filed with the SECJul 22, 2025, 6:37 PM ET
Accession number0001213900-25-066767

Items reported: 8.01 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 22, 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.