Pegasus Digital Mobility Acquisition Corp. WT (PGSS-WT) represents warrants associated with Pegasus Digital Mobility Acquisition Corp., a blank check company, or special purpose acquisition company (SPAC), sponsored to pursue a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses focused on digital mobility and related technologies. The warrants entitle holders to purchase shares of the combined entity's Class A ordinary shares under specified terms, typically exercisable upon completion of an initial business combination; trading occurs separately from the underlying units and public shares on Nasdaq under the PGSS-WT ticker. Incorporated in the Cayman Islands and headquartered in New York, the SPAC was formed in 2021 by affiliates of Pegasus Digital Mobility Sponsor LLC, targeting investments in sectors such as autonomous vehicles, electric mobility solutions, connected car technologies, fleet management software, and mobility-as-a-service platforms primarily in North America and Europe. Pegasus Digital Mobility Acquisition Corp. maintains a trust account holding the majority of proceeds from its initial public offering, conducted in late 2021 raising approximately $230 million, with funds earmarked exclusively for an acquisition or returned to investors if no deal materializes by the specified deadline. No active business operations exist prior to a business combination, and the company relies on sponsor funding for operational expenses. As of late 2025, the SPAC has not announced a definitive merger agreement, recent funding rounds, acquisitions, or strategic partnerships within the past 1-2 years, though it continues to evaluate targets amid a cooling SPAC market; warrant holders face dilution risks and redemption rights tied to any proposed transaction.