Company: SPEG
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110444
Chunk: 72

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 72
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260, “Earnings Per Share.” Income and losses are shared pro rata to the shares. Net loss per
Ordinary Share is computed by dividing net loss by the weighted average number of Ordinary Shares outstanding for the period. Accretion
associated with the redeemable Ordinary Shares is excluded from loss per Ordinary Share as the redemption value approximates fair value.

The calculation of diluted loss per Ordinary Share
does not consider the effect of the Warrants issued in connection with the (i) Initial Public Offering, (ii) the exercise of the over-allotment
option and (iii) Private Placement, since the average price of the Ordinary Shares for the three and nine months ended September 30, 2025
was less than the exercise price and therefore, the inclusion of such Warrants under the Treasury stock method would be anti-dilutive
and the exercise is contingent upon the occurrence of future events. The Warrants are exercisable to purchase 11,500,000 Class A Ordinary
Shares in the aggregate. As a result, diluted net loss per Ordinary Share is the same as basic net loss per Ordinary Share for the periods
presented.

The following tables reflect the calculation of basic and diluted net
loss per Ordinary Share:

    For the Three Months Ended September 30, 2025  
    For the Nine Months Ended September 30, 2025 

    Class A  
    Class B  
    Class A  
    Class B 

    Ordinary Shares  
    Ordinary Shares  
    Ordinary Shares  
    Ordinary Shares 
  
    Basic and diluted net loss per Ordinary Share 

    Numerator: 

    Allocation of net loss, as adjusted 
    $(695,444) 
    $(271,600) 
    $(487,032) 
    $(526,411)

    Denominator: 

    Basic and diluted weighted average Ordinary Shares outstanding 
     9,604,396  
     3,750,915  
     3,213,235  
     3,473,039 
  
    Basic and diluted net loss per Ordinary Share 
    $(0.07) 
    $(0.07) 
    $(0.15) 
    $(0.15)

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

    Class A  
    Class