07/15/2025 – 12:53 AM
SANTA CLARA, Calif.–(BUSINESS WIRE)– Silver Pegasus Acquisition Corp. (SPEGU) is set to make its Nasdaq debut today, July 15th, after pricing its initial public offering at $10.00 per unit, raising $100 million. The SPAC, led by Chairman, President, and CEO Cesar Johnston, is eyeing targets within the semiconductor industry, a sector ripe with potential but also facing increasing geopolitical scrutiny.
The offering consists of 10 million units, each containing one Class A ordinary share and one right to receive one-tenth of a Class A ordinary share upon completion of a business combination. Trading under the ticker SPEGU, investors will be watching to see how the market values this blank-check company as it embarks on its hunt for a suitable acquisition target. Once the units begin separate trading, the Class A ordinary shares will trade under “SPEG” and the rights under “SPEGR.”
Silver Pegasus aims to capitalize on the ongoing demand for semiconductors, a critical component in everything from smartphones to automobiles. The company believes its management team’s experience will give it an edge in identifying and securing a promising target within the sector. However, finding the right deal in the competitive semiconductor landscape is no easy feat, with valuations often inflated and regulatory hurdles ever-present.
Roth Capital Partners acted as the sole underwriter for the offering, with a 45-day option to purchase up to 1.5 million additional units to cover potential over-allotments. The IPO is expected to officially close tomorrow, July 16th.
SPACs have faced increased scrutiny from regulators and investors alike in recent months, raising questions about their long-term viability. Can Silver Pegasus navigate these challenges and deliver value for its shareholders? The semiconductor industry is watching closely.
*Disclaimer: This article contains forward-looking statements subject to risks and uncertainties detailed in the company’s SEC filings. Investors are advised to review these filings before making investment decisions.*
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