---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-066544"
form_type: "8-K"
ticker: null
cik: "0001861541"
company_name: "Pegasus Digital Mobility Acquisition Corp."
filed_at: "2023-05-31T23:59:59+00:00"
generated_at: "2026-06-14T10:50:42.270637+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Pegasus Digital Mobility signs definitive business combination with Schmid, expects close in Q4 2023

## Summary
- Business Combination Agreement signed May 31, 2023; Pegasus to merge with Schmid, TopCo to become 'Schmid Group N.V.'
- Closing requires at least $35M cash from trust or PIPE; minimum net tangible assets of $5M post-closing.
- Issued $1.4M non-convertible unsecured promissory note to sponsor for funding; repayable upon earlier of Dec 31, 2023 or business consummation.
- Sponsor and insiders agreed to vote in favor and enter one-year lock-up; 2.8125M Class B shares reserved for non-redemption or PIPE.
- PIPE discussions ongoing; registration rights and warrant assumption agreements also entered into.

## SEC filing metadata
- accession: 0001104659-23-066544
- form_type: 8-K
- cik: 0001861541
- company_name: Pegasus Digital Mobility Acquisition Corp.
- filed_at: 2023-05-31T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1861541/000110465923066544/0001104659-23-066544-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1861541/000110465923066544/tm2317118d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-066544
- JSON: https://secwatch.observer/filing/0001104659-23-066544.json
- Plain text: https://secwatch.observer/filing/0001104659-23-066544.txt

## Key facts
- Debt Financings
  Pegasus Digital Mobility Acquisition Corp. incurred loan of $1,400,000 with the Sponsor at bears no interest maturing December 31, 2023.
  - Instrument: loan
  - Principal: $1,400,000
  - Counterparty: the Sponsor
  - Rate: bears no interest
  - Maturity: December 31, 2023
  - Event: incurrence
  source text: On May 31, 2023, Pegasus issued a non-convertible unsecured promissory note (the “ May Promissory Note ”) in the principal amount of $1,400,000 to the Sponsor.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1861541/000110465923066544/0001104659-23-066544-index.htm
- Material Agreements
  Pegasus Digital Mobility Acquisition Corp. entered into Business Combination Agreement with Gebr. SCHMID GmbH (effective 2023-05-31).
  - Action: entry
  - Agreement: merger
  - Counterparty: Gebr. SCHMID GmbH
  - Effective: 2023-05-31
  source text: On May 31, 2023, Pegasus Digital Mobility Acquisition Corp., a Cayman Islands exempted company (" Pegasus "), entered into a Business Combination Agreement (as it may be amended, supplemented, or otherwise modified from time to time, the " Business Combination Agreement "), by and among Pegasus, Gebr. SCHMID GmbH, a German limited liability company (" Schmid "), Pegasus Topco B.V., a Dutch private limited liability company and wholly-owned subsidiary of Pegasus (" TopCo ") and Pegasus MergerSub Corp., a Cayman Islands exempted company and wholly-owned subsidiary of TopCo (" Merger Sub ").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1861541/000110465923066544/0001104659-23-066544-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.