Company: SPEG
Filing Date: 2025-06-26
Form Type: CORRESP
Source: 0001213900-25-058478
Chunk: 0

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-06-26
Form: CORRESP
Chunk 0
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| Julia Aryeh        
 Senior Counsel     
 345 Park Avenue    
 New York, NY 10154 | Direct   212.407.4043   
 Main     212.407.4000   
 Fax        212.407.4990 
 jaryeh@loeb.com         |

June 26, 2025

United States Securities and Exchange Commission
Division of Corporation Finance
Office of Real Estate & Construction
100 F Street, N.E.
Washington, DC 20549

| Re: | Silver Pegasus Acquisition Corp.                     
 Amendment No.2 to Registration Statement on Form S-1 
 Filed June 20, 2025                                  
 File No. 333-284395                                  |

Attention: Howard Efron, Jennifer Monick, Pearlyne Paulemon and Pam Howell

On behalf of our client, Silver Pegasus Acquisition
Corp., a company organized under the laws of the Cayman Islands (the “Company”), we submit to the staff (the “Staff”)
of the Securities and Exchange Commission (the “Commission”) this letter setting forth the responses to the comments
contained in the Staff’s letter dated June 25, 2025 on the Company’s registration statement on Form S-1/A2 filed on June 20,
2025 (the “Registration Statement”).

Concurrently with the submission of this letter,
the Company is submitting its amendment to the Registration Statement on Form S-1/A3 (the “Amendment”) and certain
exhibits via EDGAR with the Commission.

The Staff’s comments are repeated below
in bold and are followed by the responses. We have included page references in the Amendment where the language addressing a particular
comment appears. Capitalized terms used but not otherwise defined herein have the meanings set forth in the Amendment. In addition to
addressing the Staff’s comments, the Amendment has been updated to include additional founder shares issued to the Sponsor.

Amended Registration Statement on Form S-1 filed June 20, 2025

Cover Page

| 1. | We note the table on the cover page reflecting the number of shares that could be issued per Class B-2 warrant at different market prices. Please reconcile such information with the formula provided. It would appear that the number of shares that could be issued at the market prices provided are all fractions of a share. Please also clarify the market price below which it would be beneficial to class B-2 warrant holders to elect to exchange the warrants as opposed to exercise the warrants