Silver Pegasus Acquisition Corp. completes $115 million IPO

Published 17/07/2025, 13:52
Silver Pegasus Acquisition Corp. completes $115 million IPO

SANTA CLARA - Silver Pegasus Acquisition Corp. (NASDAQ:SPEGU) announced Tuesday it has completed its initial public offering, raising $115 million by selling 11.5 million units at $10 each. The stock currently trades at $10.04, showing remarkable price stability according to InvestingPro data.

The offering, which closed on July 16, included 1.5 million additional units sold through the full exercise of the underwriters’ over-allotment option, according to a company press release.

Each unit consists of one Class A ordinary share and one right that entitles the holder to one-tenth of a Class A share upon completion of the company’s initial business combination.

The units began trading on the Nasdaq Global Market under the ticker symbol "SPEGU" on July 15.

Silver Pegasus is a special purpose acquisition company (SPAC) formed to pursue merger opportunities, with a focus on the semiconductor and systems solutions sectors. As a blank check company, it has no operations and was created specifically to raise capital through an IPO to acquire an existing business. InvestingPro analysis indicates the company maintains a FAIR financial health score of 2.3, though it currently reports negative earnings per share of -$0.03.

Investors seeking deeper insights into SPAC opportunities can access additional analysis and metrics through InvestingPro, which offers exclusive financial health indicators and investment tips.

Roth Capital Partners served as the sole manager for the offering, which was made available through a prospectus following the Securities and Exchange Commission’s declaration of effectiveness for the registration statement on July 14.

The Cayman Islands-based company is led by Chief Executive Officer Cesar Johnston. Like other SPACs, Silver Pegasus will now seek to identify and complete a business combination with an operating company.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.