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Pegasus Digital Mobility Acquisition Corp. - PGSS STOCK NEWS

Welcome to our dedicated page for Pegasus Digital Mobility Acquisition news (Ticker: PGSS), a resource for investors and traders seeking the latest updates and insights on Pegasus Digital Mobility Acquisition stock.

Pegasus Digital Mobility Acquisition Corp. (PGSS) is a publicly traded company specializing in the acquisition and development of digital mobility solutions. The firm's primary focus is on identifying and investing in businesses that are at the forefront of the digital transformation in the mobility sector. From innovative electric vehicle technology to cutting-edge transportation software, PGSS aims to drive forward-thinking advancements in how the world moves.

Founded with a vision to capitalize on the rapidly evolving digital mobility landscape, Pegasus Digital Mobility Acquisition Corp. leverages its expertise to foster growth in the companies it acquires, ultimately enhancing shareholder value. The company engages in strategic partnerships and collaborative ventures to support and enhance the operational capabilities of its acquisitions.

Recent achievements include several key acquisitions and partnerships that have bolstered its portfolio. These ventures have included groundbreaking projects in autonomous driving technology, sustainable transportation infrastructure, and advanced mobility services. The company remains committed to its mission of investing in and advancing technologies that will shape the future of mobility.

Financially, PGSS maintains a robust standing with a strategic focus on long-term growth and profitability. The firm’s financial strategy is underscored by meticulous due diligence and a careful selection of high-potential investment opportunities. The company's leadership team brings profound industry expertise, ensuring informed decision-making and effective management of acquired entities.

At the heart of Pegasus Digital Mobility Acquisition Corp.’s operations is a dedication to sustainable and digital transformation in the mobility sector. This commitment positions PGSS as a significant player in the industry, continuously advancing the adoption and integration of innovative mobility solutions.

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Pegasus Digital Mobility Acquisition Corp. and its partners have secured approximately USD 20 million in committed capital for their business combination with Gebr. Schmid GmbH. Boo-Keun Yoon, former Vice Chairman and CEO of Samsung Electronics, will join the board of directors of TopCo. The closing of the business combination is subject to meeting all conditions by April 25, 2024.
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Calumet Electronics partners with Schmid Group to pioneer domestic production of advanced packaging substrates in the US. The collaboration aims to scale production capacity, establish a state-of-the-art facility, implement cutting-edge technology, and receive government support for a total capital investment of nearly $50 million. The partnership focuses on workforce development, environmental responsibility, and advancing substrate technology to enhance the nation's capabilities in microelectronics and printed circuit boards.
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Pegasus Digital Mobility Acquisition Corp. (PGSS) has announced amendments to the business combination agreement with Gebr. Schmid Group, extending the closing time to April 30, 2024, and reducing the number of shares to be issued to Schmid's shareholders. An earn-out agreement has also been agreed upon, awarding shares based on the combined company's share price performance. Additionally, the company has entered into a subscription agreement with XJ Harbour HK Limited for the transfer of equity interest in a subsidiary of Schmid.
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Pegasus Digital Mobility Acquisition Corp. (PGSS) has been notified by the New York Stock Exchange (NYSE) that it is not in compliance with the NYSE's listing standard due to a lack of minimum public stockholders. The company has 45 days to present a business plan to cure the deficiency within 18 months or face suspension and delisting procedures.
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Pegasus Digital Mobility Acquisition Corp. (NYSE: PGSS.U) has extended the date for a business combination until April 30, 2024. Pegasus Digital Mobility Sponsor LLC will deposit $135,000.51 into the company's trust account, representing $0.03 per Class A ordinary share, monthly until the business combination is completed or April 30, 2024.
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Pegasus Digital Mobility Acquisition Corp. (NYSE: PGSS.U) announced the approval of the adoption of the third amended and restated articles of association. Shareholders also exercised their right to redeem shares, resulting in approximately $5,550,000 being removed to pay such holders.
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Pegasus Digital Mobility Acquisition Corp. (NYSE: PGSS.U) has announced a funding of $719,907.30 to its trust account for a three-month extension, allowing it until July 26, 2023 to finalize a business combination. Concurrently, a non-interest-bearing working capital promissory note of the same amount was extended to the Sponsor on April 24, 2023.

The Company, a special purpose acquisition entity, aims to pursue acquisitions in the next-generation transportation sector, particularly related to energy transformation and digital mobility. Led by notable figures including Dr. Sir Ralf Speth and F. Jeremey Mistry, Pegasus seeks to leverage trends in zero-emission transportation and the digitization of mobility to capitalize on growth opportunities.

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FAQ

What is the current stock price of Pegasus Digital Mobility Acquisition (PGSS)?

The current stock price of Pegasus Digital Mobility Acquisition (PGSS) is $6 as of April 30, 2024.

What is the market cap of Pegasus Digital Mobility Acquisition (PGSS)?

The market cap of Pegasus Digital Mobility Acquisition (PGSS) is approximately 60.8M.

What is Pegasus Digital Mobility Acquisition Corp.?

Pegasus Digital Mobility Acquisition Corp. (PGSS) is a company specializing in the acquisition and development of digital mobility solutions.

What does Pegasus Digital Mobility Acquisition Corp. do?

The company focuses on investing in businesses within the digital mobility sector, including electric vehicle technology and transportation software.

What are the recent achievements of PGSS?

Recent achievements include acquisitions and partnerships in autonomous driving technology, sustainable transportation infrastructure, and advanced mobility services.

What is the financial condition of PGSS?

PGSS maintains a strong financial standing, focusing on long-term growth and profitability through strategic investments and thorough due diligence.

Who can benefit from PGSS's operations?

Investors, stakeholders, and companies within the digital mobility sector can benefit from PGSS's operations and investments.

What is the mission of PGSS?

The mission of PGSS is to invest in and advance technologies that will shape the future of mobility.

What industries does PGSS target?

PGSS targets industries involved in electric vehicle technology, autonomous driving, sustainable transportation infrastructure, and advanced mobility services.

How does PGSS enhance shareholder value?

PGSS enhances shareholder value through strategic partnerships, acquisitions, and fostering growth in high-potential businesses.

What is the long-term strategy of PGSS?

The long-term strategy of PGSS involves meticulous due diligence and investing in high-potential opportunities to ensure sustainable growth and profitability.

Who leads Pegasus Digital Mobility Acquisition Corp.?

PGSS is led by a team of industry experts with deep knowledge and experience in the digital mobility sector.

Pegasus Digital Mobility Acquisition Corp.

NYSE:PGSS

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PGSS Stock Data

60.75M
4.50M
99.83%
0.56%
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