Company: SPEG
Filing Date: 2025-08-25
Form Type: 10-Q
Source: 0002077096-25-000055
Chunk: 5

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-08-25
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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 with the Company.

As of June 30, 2025, the Company had not commenced
any operations. All activity for the period from June 5, 2024 (inception) through June 30, 2025 relates to the Company’s formation
and the Initial Public Offering (as defined below). The Company will not generate any operating revenues until after the completion of
its initial Business Combination, at the earliest. The Company will generate non-operating income in the form of interest income on investments
from the proceeds derived from the Initial Public Offering (as defined below). The Company has selected December 31 as its fiscal
year end.

The registration statement for the Company’s
Initial Public Offering was declared effective on July 14, 2025. On July 16, 2025, the Company consummated the Initial Public Offering
of 11,500,000 units (the “Units”), which includes the full exercise by the underwriters of their over-allotment option in
the amount of 1,500,000 Units (Note 6), at $10.00 per Unit, generating gross proceeds of $115,000,000, which is discussed in Note 3.
Each Unit consists of one Class A ordinary share (“Public Share”) and one right to receive one-tenth of one Class A ordinary
share (“Public Right” or “Share Right”). Ten rights entitle the holders to receive one Class A ordinary share.

Simultaneously with the closing of the Initial
Public Offering, the Company consummated the sale of 3,250,000 warrants, comprising of two classes of warrants, consisting of Class B.1
warrants and Class B.2 warrants (together referred to as the “Private Placement Warrants”) at a price of $1.00 per Private
Placement Warrant, in a private placement to SilverLode Capital LLC, the Company’s sponsor (the “Sponsor”), and Roth,
the representatives of the underwriters of the Initial Public Offering, generating gross proceeds of $3,250,000, which is described in
Note 4. Of the 3,250,000 Private Placement Warrants, the sponsor purchased 1,000,000 Class B.1 Private Placement Warrants and 1,000,000
Class B.2 Private Placement Warrants and Roth purchased 1,250,000 Class B.1 Private Placement Warrants.

Transaction costs amounted to $6,471,835, consisting
of