Company: SPEG
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110444
Chunk: 6

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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ash investing and financing activities: 

    Deferred offering costs paid by Sponsor in exchange for issuance of Class B ordinary shares 
    $—  
    $25,000 
  
    Prepaid services contributed by Sponsor through promissory note - related party 
    $—  
    $26,385 
  
    Offering costs included in accrued offering costs 
    $(96,575) 
    $117,866 
  
    Deferred offering costs paid through promissory note – related party 
    $70,961  
    $6,780 
  
    Accretion of Class A ordinary shares to redemption value 
    $9,271,825  
    $— 
  
    Deferred underwriting fee payable 
    $3,957,420  
    $— 

The accompanying notes are an integral part of
the unaudited condensed financial statements. 

4

SILVER PEGASUS ACQUISITION CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025

(Unaudited) 

NOTE 1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS

Silver Pegasus Acquisition Corp. (the “Company”)
is a blank check company incorporated as a Cayman Islands exempted corporation on June 5, 2024. The Company was incorporated for
the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar Business
Combination with one or more businesses (the “Business Combination”). The Company has not selected any specific Business
Combination target and the Company has not, nor has anyone on its behalf, engaged in any substantive discussions, directly or indirectly,
with any Business Combination target with respect to an initial Business Combination with the Company.

As of September 30, 2025, the Company had not
commenced any operations. All activity for the period from June 5, 2024 (inception) through September 30, 2025 relates to the Company’s
formation, the Initial Public Offering (as defined below), and subsequent to the Initial Public Offering, identifying a target company
for a Business Combination. The Company will not generate any operating revenues until after the completion of its initial Business Combination,
at the earliest. The Company generates non-operating income in the form of interest income on investments from the proceeds derived from
the Initial Public Offering (as defined below). The Company has