Company: SPEG
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110444
Chunk: 94

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 94
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 sole discretion, to meet the Company’s working capital needs.
Accordingly, the Company may not be able to obtain additional financing. If the Company is unable to raise additional capital, it may
be required to take additional measures to conserve liquidity, which could include, but not necessarily be limited to, curtailing operations,
suspending the pursuit of a potential transaction, and reducing overhead expenses. The Company cannot provide any assurance that new
financing will be available to it on commercially acceptable terms, if at all.

The Company’s liquidity condition raises
substantial doubt about the Company’s ability to continue as a going concern for a period of time within one year after the date
that the accompanying condensed financial statements are issued. Management plans to address this uncertainty through a Business Combination.
No adjustments have been made to the carrying amounts of assets or liabilities should the Company be required to liquidate after the
Combination Period. The Company intends to complete the initial Business Combination before the end of the Combination Period. However,
there can be no assurance that the Company will be able to consummate any Business Combination by the end of the Combination Period.

Off-Balance Sheet Arrangements

We have no obligations, assets or liabilities,
which would be considered off-balance sheet arrangements as of September 30, 2025. We do not participate in transactions that create
relationships with unconsolidated entities or financial partnerships, often referred to as variable interest entities, which would have
been established for the purpose of facilitating off-balance sheet arrangements. We have not entered into any off-balance sheet financing
arrangements, established any special purpose entities, guaranteed any debt or commitments of other entities, or purchased any non-financial
assets.

Contractual obligations

We do not have any long-term debt, capital lease
obligations, operating lease obligations or long-term liabilities, other than an agreement with the Sponsor or an affiliate, to pay an
aggregate of $10,000 per month for office space, utilities, and secretarial and administrative support. We began incurring these fees
on July 14, 2025 and will continue to incur these fees monthly until the earlier of the completion of the Business Combination and our
liquidation.

The underwriters have a 45-day option from the
date of the Initial Public Offering to purchase up to an additional 1,500,000 units to cover over-allotments, if any. On July 16,
2025, simultaneously with the closing of the Initial Public Offering,