LOPASA Stand Legs Compatible with Cricut Maker 4,3 & Explore 4,3, Air 2, Machine Organization and Storage, Craft Desk Accessories and Space Organizer, Cutting Machine Storage Solutions(Not for Explore 5)

The shelf would have to be 16" deep minimum. With most of the weight on the outer edge. May be too much for a pegboard shelf. Have you looked at the cricut stands? It does free up some space underneath. Something like this. https://a.co/d/049W3h5B