other_material
confidence high
sentiment neutral
materiality 0.70
Silver Pegasus closes $115M IPO; trust funded, focus on semiconductor targets
Silver Pegasus Acquisition Corp.
- IPO of 11.5M units at $10 each raised $115M gross, including full exercise of over-allotment option.
- Private placement of 3.25M warrants at $1 each to sponsor and Roth Capital generated $3.25M.
- Net $115M deposited in trust; must complete a business combination within 18 months from July 16, 2025.
- SPAC to focus on semiconductor industry for initial business combination.
- Units (SPEGU) began trading on Nasdaq July 15; shares and rights expected under SPEG and SPEGR.
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