Pegasus Digital Mobility Earmarks 2.8M+ Class B Shares for Investor Incentives | SPAC Feed

Pegasus Digital Mobility Acquisition in an 8-K said its board approved the use of up to 2,812,500 Class B shares to incentivize investors in non-redemption agreements.

The SPAC has a deal in hand with Gebr. Schmid Group and an April 30 deadline to close.

The target is a global solutions provider for the high-tech electronic, photovoltaics, glass, and energy systems industries.

Also today, the SPAC said it issued a non-convertible promissory note to its sponsor for up to $1 million.

Ahead of a successful extension vote in December, the SPAC had said 503,201 shares were redeemed for about $5.55 million. That left 4,500,017 shares outstanding, or about $49.6 million.

Pegasus Digital originally raised $200 million in an October 2021 IPO. Read more.

Source: Pegasus Digital Mobility Earmarks 2.8M+ Class B Shares for Investor Incentives

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• Source: https://spacfeed.com/pegasus-digital-mobility-earmarks-2-8m-class-b-shares-for-investor-incentives