secwatch.observer — SEC 8-K summary
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Issuer:     Pegasus Digital Mobility Acquisition Corp. (—)
CIK:        0001861541
Form:       8-K
Filed at:   2023-05-31T23:59:59+00:00
Accession:  0001104659-23-066544
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1861541/000110465923066544/0001104659-23-066544-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1861541/000110465923066544/tm2317118d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-066544

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