secwatch.observer — SEC 8-K summary
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Issuer:     Pegasus Digital Mobility Acquisition Corp. (—)
CIK:        0001861541
Form:       8-K
Filed at:   2023-03-15T23:59:59+00:00
Accession:  0001104659-23-032852
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pegasus Digital Mobility issues $1.1M promissory note to sponsor; restates $2.25M note
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- Issued $1,100,000 non-convertible unsecured promissory note to Pegasus Digital Mobility Sponsor LLC on March 15, 2023.
- Amended and restated prior $2,250,000 note dated Jan 23, 2023 to align terms with new note.
- Both notes are zero-interest, payable on earliest of Dec 31, 2023, business combination, or 3 business days after break-fee receipt.
- If no business combination, notes are forgiven unless funds are available outside the trust account.
- Proceeds used for working capital to satisfy outstanding obligations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1861541/000110465923032852/0001104659-23-032852-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1861541/000110465923032852/tm239546d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-032852

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer