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SPAC · Merger completed

Pegasus Digital Mobility Acquisition Corp.

Business combination with Gebr. Schmid GmbH

Pegasus Digital Mobility Acquisition Corp. is a blank-check company (SPAC) that raised $200M in its initial public offering on Oct 25, 2021, listing on New York Stock Exchange. It completed its business combination with Gebr. Schmid GmbH on May 15, 2024; the combined company is SCHMID Group N.V.. EarlyBird led the IPO, with Ladenburg Thalmann and Northland. Morrison & Foerster advised the SPAC and Davis Polk advised the underwriters on the IPO.

Gebr. Schmid GmbH, the SCHMID Group, is a global solutions provider for the high-tech electronic, photovoltaics, glass and energy systems industries. It agreed a business combination with Pegasus Digital Mobility Acquisition Corp. that would list it on the NYSE.

Status
Merger completed
IPO date
Oct 25, 2021
IPO size
$200M
IPO exchange
New York Stock Exchange
Target
Gebr. Schmid GmbH (via Pegasus TopCo B.V.)
Announced
May 31, 2023
Stated deal value
$587.5M
Closed
May 15, 2024
Combined company
SCHMID Group N.V.
IPO underwriters
EarlyBird, Ladenburg Thalmann and Northland
SPAC counsel (IPO)
Morrison & Foerster and Appleby
Underwriters' counsel (IPO)
Davis Polk

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