Company: SPEG
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110444
Chunk: 35

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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NOTES TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025

(Unaudited) 

NOTE 9. SEGMENT INFORMATION

ASC Topic 280, “Segment Reporting,”
establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic
areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information
is available that is regularly evaluated by the Company’s CODM, or group, in deciding how to allocate resources and assess performance.

The Company’s CODM has been identified
as the Chief Executive Officer, who reviews the operating results for the Company as a whole to make decisions about allocating
resources and assessing financial performance. Accordingly, management has determined that the Company only has one reportable segment.

The CODM assesses performance for the single segment
and decides how to allocate resources based on net income or loss that also is reported on the condensed statements of operations as net
income or loss. The measure of segment assets is reported on the condensed balance sheets as total assets. When evaluating the Company’s
performance and making key decisions regarding resource allocation the CODM reviews several key metrics, which include the following:

    September 30,
 2025  
    December 31,
 2024 
  
    Cash 
    $452,101  
    $        — 
  
    Cash and marketable securities held in Trust Account 
    $115,989,876  
    $— 

    For the Three Months Ended September 30,  
    For the Three Months Ended September 30,  
    For the Nine Months Ended September 30,  
    For the Period
 from June 5,
 2024
 (Inception)
 through
 September 30, 

    2025  
    2024  
    2025  
    2024 
  
    General and administrative costs 
    $181,788  
    $31,284  
    $228,187  
    $49,791 
  
    Interest earned on marketable securities held the Trust Account 
    $989,876  
    $—  
    $989,876  
    $— 

General and administrative costs are reviewed
and monitored by the CODM to manage and forecast cash to ensure that enough capital is available to complete the Initial Public Offering
and eventually a Business Combination within