Pegasus Digital Mobility Acquisition Corp.
PGSS-UN
New York Stock Exchange6.96
USD
-3.54
- -
CIK
0001861541
Return %
Stock
S&P500
1Y
-34.28
18.21
3Y
-30.40
64.38
5Y
-30.40
72.43
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
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 260 Mason Street Greenwich CT United States of America 06830
- IPO Date
- Oct 22, 2021
- CIK
- 0001861541
- Website
- pegasusdigitalmobility.com
- Similar Companies
- Business
- Pegasus Digital Mobility Acquisition Corp. (NYSE: PGSS-UN) operates as a blank check company, or special purpose acquisition company (SPAC), whose principal business activity involves effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or assets, with a focus on the next-generation transportation sector, particularly opportunities in energy transformation and digital mobility; it was incorporated in 2021 and maintains its headquarters in Grand Cayman, Cayman Islands. The company does not engage in significant independent operations or offer products or services beyond pursuing and executing such combinations, targeting entities in Europe and globally within automotive, industrial, and mobility-related industries. In April 2024, Pegasus completed a reverse merger business combination with Gebr. SCHMID GmbH (SCHMID Group), a family-owned technology firm founded in 1864 and headquartered in Freudenstadt, Germany; the combined entity now trades as SCHMID Group N.V. (NASDAQ: SHMD), with SCHMID providing customized plant and process solutions for high-tech electronics, photovoltaics, glass, and energy systems, including advanced packaging on panel-level substrates, high-end printed circuit boards, PV and glass manufacturing equipment, and energy storage technologies; operations span globally with over 800 employees and key facilities in China. Prior to closing, the transaction underwent multiple amendments, including extensions to April 30, 2024, share reductions to 28,725,000 for SCHMID shareholders, non-redemption and investment agreements, and additions of independent board members such as Prof. Dr. Sir Ralf Speth as chairman; SCHMID's management team, led by CEO Christian Schmid, continues to oversee operations serving high-tech industries addressing challenges in chip scaling, AI-enabling substrates, and sustainable energy solutions. The SPAC raised $225 million in its October 2021 IPO underwritten by Barclays and others, with CEO Sir Dr. Ralf Speth, and sponsor Pegasus Digital Mobility Sponsor LLC contributing to the deal structure including cashless warrant exercises and deferred payments.