Pegasus Digital Mobility Acquisition Corp.
PGSS
New York Stock Exchange6.00
USD
-4.39
- -
CIK
0001861541
ISIN
KYG697681024
CUSIP
G69768102
Return %
Stock
S&P500
1Y
-43.40
18.21
3Y
-38.78
63.29
5Y
-38.78
74.90
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Sir Ralf Dieter Speth
- Full Time Employees
- 3
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 260 Mason Street Greenwich CT United States of America 06830
- IPO Date
- Dec 13, 2021
- CIK
- 0001861541
- Website
- pegasusdigitalmobility.com
- Similar Companies
- Business
- Pegasus Digital Mobility Acquisition Corp. (PGSS) operates as a blank check company, or special purpose acquisition company (SPAC), focused on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, primarily targeting next-generation transportation sector opportunities with exposure to energy transformation and digital mobility tailwinds, particularly in the European market; its core activities encompass strategic identification, due diligence, negotiation, and integration of target companies in digital mobility solutions, including electric vehicle technology, autonomous driving advancements, sustainable transportation infrastructure, and advanced mobility services. Founded in 2021 and headquartered in Grand Cayman, Cayman Islands, the company went public via a $225 million initial public offering on October 22, 2021, listed on the New York Stock Exchange under the ticker PGSS. Geographically, it pursues targets with global reach but emphasizes Europe, leveraging expertise from sponsor StratCap Investment Management LLC (formerly Strategic Capital Fund Management LLC) to foster growth and shareholder value through partnerships and operational enhancements. In its primary transaction, Pegasus entered a definitive business combination agreement on May 31, 2023, with Gebr. SCHMID GmbH and its subsidiaries (collectively, the SCHMID Group), a 160-year-old family-owned technology firm specializing in customized system and process solutions for high-tech electronics, photovoltaics, glass, and energy systems industries; the deal, valuing SCHMID at an enterprise value of $640 million (later revalued), received shareholder approval on April 22, 2024, following amendments including a December 7, 2023 vote and a January 2024 revision to the shareholder undertaking with SCHMID principals Anette and Christian Schmid, plus warrant transfers to them upon closing. The business combination closed on April 30, 2024, with $504 million deal size, resulting in SCHMID Group N.V. as the surviving public entity listed on Nasdaq under ticker SHMD (formerly PGSS), headquartered in Freudenstadt, Germany, and retaining SCHMID's management team alongside Pegasus executives such as Sir Ralf Speth as board chairman. This SPAC merger marked Pegasus's strategic shift from search phase to completed de-SPAC, enabling SCHMID's public listing and expansion into advanced packaging on panel-level substrates, high-end circuit boards, PV and glass manufacturing, and energy storage solutions for AI-driven electronics challenges, supported by extensions like a $719,907 trust funding in April 2023 for deadline relief.
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 Directors
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. Receives Continued Listing Standard Notice from NYSE
Pegasus Digital Mobility Acquisition Corp. Announces the Results of its Extraordinary General Meeting and Amendment of its Memorandum and Articles of Association
Radcliffe Capital Management, L.P. Acquires New Stake in Pegasus Digital Mobility Acquisition Corp