---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-113390"
form_type: "8-K"
ticker: null
cik: "0001861541"
company_name: "Pegasus Digital Mobility Acquisition Corp."
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T03:17:15.185491+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Pegasus Digital Mobility issues new $1M promissory note, amends existing notes

## Summary
- New $1M non-convertible unsecured promissory note issued to Sponsor, due April 30, 2024.
- Existing notes ($2.25M, $1.1M, $719k, $1.4M, $750k) amended to align terms with new note.
- All notes bear no interest, repayable upon business combination or break-fee receipt, otherwise forgiven.
- Notes extend working capital runway for pending business combination; no trust account recourse.

## SEC filing metadata
- accession: 0001104659-23-113390
- form_type: 8-K
- cik: 0001861541
- company_name: Pegasus Digital Mobility Acquisition Corp.
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1861541/000110465923113390/0001104659-23-113390-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1861541/000110465923113390/tm2329326d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-113390
- JSON: https://secwatch.observer/filing/0001104659-23-113390.json
- Plain text: https://secwatch.observer/filing/0001104659-23-113390.txt

## Key facts
- Debt Financings
  Pegasus Digital Mobility Acquisition Corp. amended loan with Pegasus Digital Mobility Sponsor LLC at bears no interest.
  - Instrument: loan
  - Counterparty: Pegasus Digital Mobility Sponsor LLC
  - Rate: bears no interest
  - Event: amendment
  source text: The Company also agreed to amend and restate certain provisions of a) the non-convertible unsecured promissory note in the principal amount of $2,250,000 it issued to the Sponsor on January 23, 2023, first amended and restated on March 15, 2023 (now as additionally amended and restated, the " January 2023 Promissory Note "), b) the non-convertible unsecured promissory note in the principal amount of $1,100,000 it issued to the Sponsor on March 15, 2023 (as amended and restated, the " March 2023 Promissory Note "), c) the non-convertible unsecured promissory note in the principal amount of $719,907.30 it issued to the Sponsor on April 24, 2023 (as amended and restated, the " April 2023 Promissory Note "), d) the non-convertible unsecured promissory note in the principal amount of $1,400,000 it issued to the Sponsor on May 31, 2023 (as amended and restated, the " May 2023 Promissory Note "), and e) the non-convertible unsecured promissory note in the principal amount of $750,482.70 it is
  evidence_url: https://www.sec.gov/Archives/edgar/data/1861541/000110465923113390/0001104659-23-113390-index.htm
- Debt Financings
  Pegasus Digital Mobility Acquisition Corp. incurred loan of up to $1,000,000.00 with Pegasus Digital Mobility Sponsor LLC at bears no interest maturing the earliest of April 30, 2024, the date on which the Company consummates a business combination, or within three (3) business days of the receipt by the Compan.
  - Instrument: loan
  - Principal: up to $1,000,000.00
  - Counterparty: Pegasus Digital Mobility Sponsor LLC
  - Rate: bears no interest
  - Maturity: the earliest of April 30, 2024, the date on which the Company consummates a business combination, or within three (3) business days of the receipt by the Compan
  - Event: incurrence
  source text: On November 1, 2023, Pegasus Digital Mobility Acquisition Corp. (the " Company ") issued a non-convertible unsecured promissory note (the " November 2023 Promissory Note ") in the principal amount of up to $1,000,000.00 to Pegasus Digital Mobility Sponsor LLC, a Cayman Islands limited liability company (the " Sponsor ").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1861541/000110465923113390/0001104659-23-113390-index.htm

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