Silver Pegasus Acquisition Corp. Completes $115 Million IPO with Full Over-Allotment Exercise

Roth Capital Partners, LLC, serving as the sole manager, has announced the successful closing of Silver Pegasus Acquisition Corp.'s $115 million initial public offering. The offering, finalized on July 16, 2025, included the full exercise of the underwriters' over-allotment option, resulting in the sale of 11,500,000 units at $10.00 each. Each unit comprises one Class A ordinary share and a right to receive one-tenth of a Class A share upon the completion of a business combination. Trading of the units on Nasdaq commenced on July 15 under the ticker symbol 'SPEGU'.

The IPO was conducted through a prospectus, accessible via Roth Capital Partners or the SEC's website, following the declaration of effectiveness of the registration statement by the SEC on July 14, 2025. This development represents a pivotal moment for Silver Pegasus Acquisition Corp., underscoring the investor confidence in its business model and future prospects. The successful offering, particularly with the full exercise of the over-allotment option, indicates strong market reception to the special purpose acquisition company structure. This structure, which involves raising capital through an IPO with the intent to merge with or acquire a private company, has become an increasingly popular alternative to traditional IPOs in recent years.

The capital raised provides Silver Pegasus with substantial resources to identify and complete a business combination with a promising target company. The rights attached to each unit, granting investors additional shares upon a successful merger, align shareholder interests with the company's goal of executing a value-creating transaction. The timing of the offering, coming after SEC approval, reflects a regulatory green light for the company's proposed structure and disclosures. The involvement of Roth Capital Partners as the sole manager highlights the investment bank's role in structuring and marketing the deal to institutional and retail investors.

The listing on Nasdaq provides liquidity for investors and establishes a public market valuation for the company as it seeks its acquisition target. The $115 million in proceeds positions Silver Pegasus competitively within the SPAC landscape, enabling it to pursue a meaningful transaction. This successful capital raise is significant as it demonstrates continued investor appetite for SPAC vehicles despite evolving market conditions and regulatory scrutiny. The funds will be held in a trust account until a business combination is approved, ensuring capital preservation during the search process. The completion of this IPO marks a critical first step for Silver Pegasus in its journey to become an operating company through a future merger or acquisition.