Pegasus Digital Mobility Acquisition Corp. Announces Revaluation of its Business Combination with Gebr. Schmid Group and the Entering Into Related Agreements
Pegasus Digital Mobility Acquisition Corp. (PGSS)
Company Research
Source: Business Wire
GREENWICH, Conn.--(BUSINESS WIRE)--Pegasus Digital Mobility Acquisition Corp. (NYSE: PGSS.U) (the "Company"), a special purpose acquisition company founded by StratCap Investment Management, LLC, formerly Strategic Capital Fund Management, LLC ("StratCap"), today announced that it has together with Pegasus Topco B.V., a Dutch private limited liability company and wholly-owned subsidiary of Pegasus ("TopCo") entered into an amendment to the business combination agreement with Gebr. Schmid Group ("Schmid"). In addition, the Company has entered into an amendment of the shareholders' undertaking agreement with Anette Schmid and Christian Schmid. Pursuant to the amendments, the parties agreed to extend the time for the business combination closing to April 30, 2024 and also agreed to reduce the number of shares to be issued to the shareholders of Schmid at the closing of the business combination to 28,725,000 shares.In connection with these changes, an earn-out agreement has been agree
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PGSS
News
- Pegasus Digital Mobility Acquisition Corp. Announces Entry into Several Non-Redemption and Investment Agreements and the Addition of Two Independent Board Members to the Schmid Group N.V. Board of DirectorsBusiness Wire
- Calumet Electronics And Schmid Group Collaborate To Establish First-Ever US Advanced Substrate Facility [Yahoo! Finance]Yahoo! Finance
- Calumet Electronics And Schmid Group Collaborate To Establish First-Ever US Advanced Substrate FacilityBusiness Wire
PGSS
Sec Filings
- 5/1/24 - Form 25-NSE
- 4/30/24 - Form 8-K
- 4/22/24 - Form 8-K
- PGSS's page on the SEC website