secwatch.observer — SEC 8-K summary
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Issuer:     Pegasus Digital Mobility Acquisition Corp. (—)
CIK:        0001861541
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001104659-23-113390
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1861541/000110465923113390/0001104659-23-113390-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1861541/000110465923113390/tm2329326d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-113390

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