Company: SPEG
Filing Date: 2025-08-25
Form Type: 10-Q
Source: 0002077096-25-000055
Chunk: 29

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-08-25
Form: 10-Q
Item: Part I, Item 1
Chunk 29
---
 or other similar Business Combination with one or more businesses. We intend to effectuate our Business Combination
using cash derived from the proceeds of the Initial Public Offering and the sale of the Private Placement Warrants, our shares, debt
or a combination of cash, shares and debt.

We expect to continue to incur significant costs
in the pursuit of our acquisition plans. We cannot assure you that our plans to complete a Business Combination will be successful.

Results of Operations

We have neither engaged in any operations nor
generated any revenues to date. Our only activities from June 5, 2024 (inception) through June 30, 2025 were organizational activities,
those necessary to prepare for the Initial Public Offering, described below, and identifying a target company for a Business Combination.
We do not expect to generate any operating revenues until after the completion of our Business Combination. Subsequent to the Initial
Public Offering, we generate non-operating income in the form of interest income on marketable securities held in the Trust Account.
We incur expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well
as for due diligence expenses.

For the three months ended June 30, 2025, we
had a net loss of $22,837, which consisted of general and administrative costs.

For the six months ended June 30, 2025, we had
a net loss of $46,399, which consisted of general and administrative costs.

For the period from June 5, 2024 (inception)
through June 30, 2024, we had a net loss $18,507, which consisted of general and administrative costs.

Liquidity and Capital Resources

Until the consummation of the Initial Public
Offering, our only source of liquidity was an initial purchase of shares of Class B ordinary shares, par value $0.0001 per share,
by the Sponsor and loans from the Sponsor.

Subsequent to the quarterly period covered by
this Quarterly Report on Form 10-Q, on July 16, 2025, we consummated the Initial Public Offering of 11,500,000 Units, at $10.00 per Units,
which includes the full exercise by the underwriters of their over-allotment option in the amount of 1,500,000 Units generating gross
proceeds of $115,000,000. Simultaneously with the closing of the Initial Public Offering, we consumm