Pegasus Digital Mobility Acquisition Corp.
Completed 2024-05-01- CIK 1861541
- PGSS
- Now SHMD
- IPO 2021-10-25
- $50.1M trust
- 117 filings
Successfully merged with Gebr. Schmid GmbH (SCHMID Group) • Now trading as SHMD
- IPO Size
- $200M
- raised at the IPO
- Trust
- $50.1M
- as of 2023-12-31
- Current Status
- Completed
- from its latest filing
- IPO Year
- 2021
- year it listed
Filings, by quarter
117 filings over 16 quarters; violet bars carry a milestone
- 21 Q2: 1 filing
- 21 Q3: 2 filings
- 21 Q4: 34 filings
- 22 Q1: 4 filings
- 22 Q2: 1 filing
- 22 Q3: 2 filings
- 22 Q4: 1 filing
- 23 Q1: 13 filings
- 23 Q2: 15 filings
- 23 Q3: 10 filings
- 23 Q4: 8 filings
- 24 Q1: 16 filings
- 24 Q2: 9 filings
- 24 Q3: 0 filings
- 24 Q4: 0 filings
- 25 Q1: 1 filing
- S-1 filed 21 Q2
- IPO 21 Q4
- Definitive agreement 23 Q2
- Completed 24 Q2
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
Pegasus Digital Mobility Acquisition Corp. is a blank-check company seeking a business combination in next-generation transportation, including zero-emission vehicle manufacturing, infrastructure and platforms, powertrains, and transportation connectivity. It particularly intends to focus on the European market.
Investment Focus
Transportation, Mobility, Electric Vehicles, Autonomous Vehicles
Geographic Focus
Europe
Key Information
As the filings state it
- IPO Date
- 2021-10-25
- Total Redemptions
- $5.6M
- Jurisdiction of Incorporation
- Cayman Islands
- SIC
- 6770
- Completion Date
- 2024-05-01
- Merger Target
- Gebr. Schmid GmbH (SCHMID Group)
- SPAC Ticker
- PGSS
- Merged Ticker
- SHMD
Stock Performance
SHMDTrading symbol, and its price at each step since the first trade
| Point | Date | Price | Move |
|---|---|---|---|
| First Trade | 2024-05-01 | $4.92 | |
| At Merger | 2024-05-02 | $4.50 | -9% |
| 6 Months Post-Merger | 2024-11-04 | $2.81 | -38% |
| 1 Year Post-Merger | 2025-05-02 | $4.00 | -11% |
| 2 Years Post-Merger | 2026-05-04 | $5.31 | +18% |
| Current Price | 2026-10-02 | $4.57 | -7% |
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
The team draws on Strategic Capital's experience building and financing companies and on management's transportation, electric-vehicle, technology, investment banking and operating backgrounds. Its leadership includes Strategic Capital Managing Partners James Condon, Patrick Miller and Kenneth Jaffe; Condon and Miller are directors.