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Tech SPAC Silver Pegasus Acquisition files for a $150 million IPO

January 21, 2025

Silver Pegasus Acquisition, a blank check company targeting the semiconductor industry, filed on Tuesday with the SEC to raise up to $150 million in an initial public offering.

The Santa Clara, CA-based company plans to raise $150 million by offering 15 million units at $10. Each unit consists of one share of common stock and one right to receive one-tenth of a share upon the completion of an initial business combination.

Silver Pegasus Acquisition is led by CEO and Chair Cesar Johnston, who most recently served as CEO of Energous, a developer of silicon-based wireless power transfer technologies. The SPAC plans to target the tech sector, particularly semiconductors and systems solutions, focusing on businesses that are poised for growth, led by highly regarded management teams, with an enterprise value between $200 million and $500 million.

Silver Pegasus Acquisition was founded in 2024 and plans to list on the Nasdaq under the symbol SPEGU. The company filed confidentially on July 15, 2024. Roth Capital is the sole bookrunner on the deal.