Pegasus Digital Mobility Acquisition Corp. Announces the Three-Months Extension of the Combination Period
24 Janvier 2023 - 12:15AM
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”), today
announced that it has funded the trust account maintained with
Continental Stock Transfer & Trust Company with a $2,250,000
payment for the first three-month extension period, by which it
extended the date by which the Company must consummate a business
combination until April 26, 2023.
In addition, on January 23, 2023, the Company extended a working
capital promissory note to Strategic Capital for $2,250,000. The
promissory note is non-interest bearing.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute
"forward-looking statements." All statements other than statements
of historical fact included in this press release are
forward-looking statements. 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 final 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.
The Company is a newly-incorporated, blank check company
incorporated as a Cayman Islands exempted entity. The Company was
founded by Strategic Capital, an investment management organization
focused on digital economy investments, and 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. The Company believes this
business sector is in the early stages of a generational growth
trend that is accelerating as a result of energy transformation
through the rise of zero emission transportation, as well as the
digitization of mobility through artificial intelligence, wireless
connectivity and software applications.
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version on businesswire.com: https://www.businesswire.com/news/home/20230123005810/en/
Robert Bruce Chief Marketing Officer Strategic Capital Fund
Management, LLC rbruce@scfundmanagement.com
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