Company: SPEG
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110444
Chunk: 0

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Item 1. Financial Statements.

SILVER PEGASUS ACQUISITION CORP.

CONDENSED BALANCE SHEETS

    September 30, 2025  
    December 31, 2024 

    (Unaudited)  

    Assets: 

    Current assets 

    Cash 
    $452,101  
    $— 
  
    Prepaid expenses 
     176,396  
     298 
  
    Total Current Assets 
     628,497  
     298 

    Cash and marketable securities held in Trust Account 
     115,989,876  
     — 
  
    Long-term prepaid insurance 
     28,088  
     — 
  
    Deferred offering costs 
     —  
     208,620 
  
    Total Assets 
    $116,646,461  
    $208,918 

    Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders’ Deficit 

    Current liabilities 

    Accounts payable and accrued expenses 
    $31,569  
    $— 
  
    Accrued offering costs 
     75,000  
     171,575 

     — 
  
    Advance from related party 
     79  
     62,384 
  
    Total Current Liabilities 
     106,648  
     233,959 

    Derivative liability – Public Rights 
     2,875,000  
     — 
  
    Derivative liability – Private Warrants 
     1,494,075  
     — 
  
    Deferred underwriting fee 
     4,025,000  
     — 
  
    Total Liabilities 
     8,500,723  
     233,959 

    Commitments and Contingencies (Note 6) 

    Class A ordinary shares subject to possible redemption, 11,500,000 shares at redemption value of approximately $10.09 per share and $0.00 per share as of September 30, 2025 and December 31, 2024, respectively 
     115,989,876  
     — 

    Shareholders’ Deficit 

    Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding as of September 30