SPEG
SPEG
Silver Pegasus Acquisition Corp Class A Ordinary SharesIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $0 | $181.79K ▲ | $-967.04K ▼ | 0% | $-0.06 ▼ | $-967.04K ▼ |
| Q2-2025 | $0 | $22.84K ▼ | $-22.84K ▲ | 0% | $-0 ▲ | $-22.84K ▲ |
| Q1-2025 | $0 | $23.56K ▲ | $-23.56K ▼ | 0% | $-0 ▲ | $-23.56K ▼ |
| Q3-2024 | $0 | $31.28 ▲ | $-31.28 ▼ | 0% | $-0.01 ▼ | $0 |
| Q2-2024 | $0 | $18.51 | $-18.51 | 0% | $-0.01 | $0 |
What's going well?
There are no debt or interest expenses, so the company is not burdened by loans. If revenue ever starts, the cost base is visible and may be manageable.
What's concerning?
No revenue for two straight quarters, losses are growing fast, and a big non-operating hit made things worse. Share dilution is also hurting existing shareholders.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $452.1K ▲ | $116.65M ▲ | $8.5M ▲ | $108.15M ▲ |
| Q2-2024 | $0 | $101.52K | $95.02K | $6.49K |
What's financially strong about this company?
SPEG has no debt, lots of long-term investments, and a very high equity cushion. The company can easily cover its short-term bills and has a clean, simple balance sheet.
What are the financial risks or weaknesses?
Most assets are in investments, not cash, so immediate liquidity is limited. Retained earnings are still negative, which means the company has not been profitable over time.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $-967.04K ▼ | $-339.5K ▼ | $-115M ▼ | $115.79M ▲ | $452.1K ▲ | $-339.5K ▼ |
| Q3-2024 | $-31.28 ▼ | $0 | $0 | $0 | $0 | $0 |
| Q2-2024 | $-18.51 | $0 | $0 | $0 | $0 | $0 |
What's strong about this company's cash flow?
The company was able to raise over $115 million in new funding, giving it some breathing room. There is no debt dependency, and no capital spending means low fixed costs.
What are the cash flow concerns?
Operations are burning cash with no sign of improvement, and the company is completely dependent on selling new shares to survive. Shareholders are being heavily diluted, and the cash balance is still small.
5-Year Trend Analysis
A comprehensive look at Silver Pegasus Acquisition Corp Class A Ordinary Shares's financial evolution and strategic trajectory over the past five years.
Silver Pegasus offers a focused strategy on a structurally important, high‑growth area of technology—semiconductors and related systems—combined with leadership that has direct sector experience. The financials are straightforward, with a simple cost base and no legacy operating complications or long‑term debt. As a blank‑check company, it has flexibility to structure a transaction and align with a private firm that might benefit from public capital and management support.
The current financial profile is fragile: no revenue, no cash, negative equity, and heavy short‑term obligations, making the entity dependent on sponsors and future capital events. The SPAC model adds its own uncertainties, including the risk of failing to find an acceptable target in time, potential shareholder redemptions that reduce available cash, and shifting regulatory or market sentiment toward SPAC transactions. Because there is no identified target yet, investors also face substantial “unknowns” about future business quality, valuation, and integration risk.
The outlook is highly event‑driven and binary. In the near term, reported financials will likely remain weak and uninformative from an operating perspective, as the company has no real business yet. Over the medium term, everything will hinge on whether Silver Pegasus can secure a credible semiconductor or technology target on attractive terms and then successfully complete and integrate the merger. Until a transaction is announced and detailed, forward visibility is low and uncertainty is high, with potential outcomes ranging from full unwinding to the creation of a scaled, innovative tech platform—depending entirely on execution and deal quality.
About Silver Pegasus Acquisition Corp Class A Ordinary Shares
A special purpose acquisition company (blank‑check company) formed to effect a merger, share exchange, asset acquisition, or similar business combination with one or more businesses—primarily focused on the technology sector, especially semiconductors and systems solutions.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $0 | $181.79K ▲ | $-967.04K ▼ | 0% | $-0.06 ▼ | $-967.04K ▼ |
| Q2-2025 | $0 | $22.84K ▼ | $-22.84K ▲ | 0% | $-0 ▲ | $-22.84K ▲ |
| Q1-2025 | $0 | $23.56K ▲ | $-23.56K ▼ | 0% | $-0 ▲ | $-23.56K ▼ |
| Q3-2024 | $0 | $31.28 ▲ | $-31.28 ▼ | 0% | $-0.01 ▼ | $0 |
| Q2-2024 | $0 | $18.51 | $-18.51 | 0% | $-0.01 | $0 |
What's going well?
There are no debt or interest expenses, so the company is not burdened by loans. If revenue ever starts, the cost base is visible and may be manageable.
What's concerning?
No revenue for two straight quarters, losses are growing fast, and a big non-operating hit made things worse. Share dilution is also hurting existing shareholders.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $452.1K ▲ | $116.65M ▲ | $8.5M ▲ | $108.15M ▲ |
| Q2-2024 | $0 | $101.52K | $95.02K | $6.49K |
What's financially strong about this company?
SPEG has no debt, lots of long-term investments, and a very high equity cushion. The company can easily cover its short-term bills and has a clean, simple balance sheet.
What are the financial risks or weaknesses?
Most assets are in investments, not cash, so immediate liquidity is limited. Retained earnings are still negative, which means the company has not been profitable over time.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $-967.04K ▼ | $-339.5K ▼ | $-115M ▼ | $115.79M ▲ | $452.1K ▲ | $-339.5K ▼ |
| Q3-2024 | $-31.28 ▼ | $0 | $0 | $0 | $0 | $0 |
| Q2-2024 | $-18.51 | $0 | $0 | $0 | $0 | $0 |
What's strong about this company's cash flow?
The company was able to raise over $115 million in new funding, giving it some breathing room. There is no debt dependency, and no capital spending means low fixed costs.
What are the cash flow concerns?
Operations are burning cash with no sign of improvement, and the company is completely dependent on selling new shares to survive. Shareholders are being heavily diluted, and the cash balance is still small.
5-Year Trend Analysis
A comprehensive look at Silver Pegasus Acquisition Corp Class A Ordinary Shares's financial evolution and strategic trajectory over the past five years.
Silver Pegasus offers a focused strategy on a structurally important, high‑growth area of technology—semiconductors and related systems—combined with leadership that has direct sector experience. The financials are straightforward, with a simple cost base and no legacy operating complications or long‑term debt. As a blank‑check company, it has flexibility to structure a transaction and align with a private firm that might benefit from public capital and management support.
The current financial profile is fragile: no revenue, no cash, negative equity, and heavy short‑term obligations, making the entity dependent on sponsors and future capital events. The SPAC model adds its own uncertainties, including the risk of failing to find an acceptable target in time, potential shareholder redemptions that reduce available cash, and shifting regulatory or market sentiment toward SPAC transactions. Because there is no identified target yet, investors also face substantial “unknowns” about future business quality, valuation, and integration risk.
The outlook is highly event‑driven and binary. In the near term, reported financials will likely remain weak and uninformative from an operating perspective, as the company has no real business yet. Over the medium term, everything will hinge on whether Silver Pegasus can secure a credible semiconductor or technology target on attractive terms and then successfully complete and integrate the merger. Until a transaction is announced and detailed, forward visibility is low and uncertainty is high, with potential outcomes ranging from full unwinding to the creation of a scaled, innovative tech platform—depending entirely on execution and deal quality.

CEO
Cesar Johnston
Compensation Summary
(Year )
Ratings Snapshot
Rating : D+
Price Target
Institutional Ownership
GLAZER CAPITAL, LLC
Shares:915.11K
Value:$9.27M
LINDEN ADVISORS LP
Shares:850K
Value:$8.61M
POLAR ASSET MANAGEMENT PARTNERS INC.
Shares:525K
Value:$5.32M
Summary
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