secwatch.observer — SEC 8-K summary
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Issuer:     Pegasus Digital Mobility Acquisition Corp. (—)
CIK:        0001861541
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001104659-24-028089
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pegasus Digital Mobility to use up to 2.8M Class B shares as incentives; issues $1M sponsor note
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1861541/000110465924028089/0001104659-24-028089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1861541/000110465924028089/tm247245d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-028089

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