Pegasus Digital Mobility Acquisition Corp. Announces Closing of $200,000,000 Initial Public Offering
26 Octobre 2021 - 10:31PM
Business Wire
Pegasus Digital Mobility Acquisition Corp. (NYSE: PGSS.U) (the
“Company”), a special purpose acquisition company founded by
Strategic Capital Fund Management, LLC (“Strategic Capital”),
announced today that it closed its initial public offering of
20,000,000 units. The offering was priced at $10.00 per unit,
resulting in gross proceeds of $200,000,000. The underwriters have
a 45-day option to purchase up to an additional 3,000,000 units to
cover over-allotments, if any. The units are listed on the New York
Stock Exchange (“NYSE”) and commenced trading under the ticker
symbol “PGSS.U” on October 22, 2021. Each unit consists of one
Class A ordinary share and one-half of one redeemable warrant. Each
whole warrant entitles the holder to purchase one Class A ordinary
share at a price of $11.50 per share. Only whole warrants are
exercisable. Once the securities comprising the units begin
separate trading, the Class A ordinary shares and warrants are
expected to be listed on the NYSE under the symbols “PGSS” and
“PGSS.WS,” respectively.
The Company is a blank check company and formed for the purpose
of effecting a business combination with one or more businesses.
While the Company may pursue an initial business combination target
in any business, industry, sector or geographical location, it
intends to focus its search on target businesses within the
next-generation transportation sector with exposure to energy
transformation and digital mobility tailwinds, particularly in the
European market.
Barclays Capital Inc. served as the sole book-running manager
for the offering and EarlyBirdCapital, Inc., Ladenburg Thalmann
& Co. Inc. and Northland Securities, Inc. served as co-managers
for the offering.
Of the proceeds received upon the consummation of the offering
and simultaneous private placements of warrants, $202,000,000 (or
$10.10 per unit sold in the offering) was placed in the Company’s
trust account. An audited balance sheet of the Company as of
October 26, 2021 reflecting receipt of the proceeds upon
consummation of the offering and the private placement will be
included as an exhibit to a Current Report on Form 8-K to be filed
by the Company with the Securities and Exchange Commission
(“SEC”).
The offering was made only by means of a prospectus. Copies of
the prospectus may be obtained from Barclays Capital Inc., c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
NY 11717, or by telephone at 888-603-5847, or by email at
Barclaysprospectus@broadridge.com.
A registration statement relating to these securities has been
filed with the SEC and was declared effective on October 21, 2021.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute
“forward-looking statements,” including with respect to the initial
public offering and search for an initial business combination. No
assurance can be given that the offering discussed above will be
completed on the terms described, or at all, or that the net
proceeds of the offering will be used as indicated. Forward-looking
statements are subject to numerous conditions, many of which are
beyond the control of the Company, including those set forth in the
Risk Factors section of the Company’s registration statement and
prospectus for the offering filed with the SEC. Copies are
available on the SEC’s website, www.sec.gov. The Company undertakes
no obligation to update these statements for revisions or changes
after the date of this release, except as required by law.
About Pegasus Digital Mobility Acquisition Corp.
Pegasus Digital Mobility Acquisition Corp. (the “Company”) is a
newly-incorporated, blank check company incorporated as a Cayman
Islands exempted entity. The Company is led by Dr. Sir Ralf Speth,
F. Jeremey Mistry, and Dr. Stefan Berger. The Company is a new
special purpose acquisition company formed for the purpose of
effecting a business combination with one or more businesses. While
the Company may pursue an initial business combination target in
any business, industry, sector or geographical location, it intends
to focus its search on target businesses within the next-generation
transportation sector with exposure to energy transformation and
digital mobility tailwinds, particularly in the European
market.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211026006278/en/
Robert Bruce Chief Marketing Officer Strategic Capital Fund
Management, LLC rbruce@scfundmanagement.com
Pegasus Digital Mobility... (NYSE:PGSS.U)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Pegasus Digital Mobility... (NYSE:PGSS.U)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024