Pegasus Digital Mobility Acquisition Corp.: debt financing — Pegasus Digital Mobility to use up to 2.8M Class B shares as incentives; issues $1M sponsor note

Pegasus Digital Mobility Acquisition Corp.

Up to 2,812,500 Pegasus Class B shares to be used as incentives for non-redemption agreements; unused shares forfeited.
Business combination listing condition amended to allow listing on either NYSE or Nasdaq (previously only NYSE).
$1,000,000 non-convertible unsecured promissory note issued to sponsor, no interest, repayable by April 30, 2024 or upon business combination.
If no business combination, note forgiven unless funds available outside trust account.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.98

Pegasus Digital Mobility Acquisition Corp. incurred loan of up to $1,000,000.00 with Pegasus Digital Mobility Sponsor LLC maturing 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 Company of.

Instrument: loan
Principal: up to $1,000,000.00
Counterparty: Pegasus Digital Mobility Sponsor LLC
Maturity: 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 Company of
Event: incurrence

Exact text from the filing

On February 27, 2024, the Company also issued a non-convertible unsecured promissory note (the " February 2024 Promissory Note ") in the principal amount of up to $1,000,000.00 to the Sponsor.

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Source: SEC EDGAR

accession 0001104659-24-028089

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