Company: SPEG
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110444
Chunk: 89

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 89
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 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 the Combination Period. The CODM also reviews general and administrative costs to manage,
maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget.

NOTE 10. SUBSEQUENT EVENTS 

The Company evaluated subsequent events and transactions that occurred
after the unaudited condensed balance sheets date through September 30, 2025, the date that the unaudited condensed financial statements
were issued. Based upon this review, the Company did not identify any subsequent events that would have required adjustment or disclosure
in the unaudited condensed financial statements.

19

Item 2. Management’s Discussion and
Analysis of Financial Condition and Results of Operations

References in this report (the “Quarterly
Report”) to “we,” “us” or the “Company” refer to Silver Pegasus Acquisition Corp. References
to our “management” or our “management team” refer to our officers and directors, and