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Silver Pegasus Acquisition Corp. (NASDAQ:SPEGU) has announced the pricing of its initial public offering of 10,000,000 units at $10.00 per unit, totaling $100 million. Each unit comprises one Class A ordinary share and one right to receive one-tenth of a Class A ordinary share upon business combination completion.
The SPAC, led by CEO Cesar Johnston, aims to pursue business combinations in the semiconductor industry. The units will trade on Nasdaq as "SPEGU", with Class A shares and rights later trading separately under "SPEG" and "SPEGR". Roth Capital Partners serves as the sole underwriter, with a 45-day option to purchase up to 1,500,000 additional units for over-allotments.