Pegasus Digital Mobility signs $20M non-redemption deals, adds two independent directors to TopCo board

Pegasus Digital Mobility Acquisition Corp.

Non-redemption and investment agreements total approx. $20M; $8M from Sponsor offset against promissory notes.
Agreements with institutional investors to avoid share redemptions at shareholder meeting on April 22, 2024.
Boo-Keun Yoon (former Samsung Vice Chairman) and Christian Brodersen to join TopCo board as independent directors at closing.
Business combination closing targeted for April 25, 2024, subject to fulfillment of all closing conditions.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Pegasus Digital Mobility Acquisition Corp. entered into Non-Redemption and Investment Agreements with certain third parties valued at approximately USD 20 million (effective 2024-04-11).

Action: entry
Counterparty: certain third parties
Value: approximately USD 20 million
Effective: 2024-04-11

Exact text from the filing

On April 11, 2024, Pegasus Digital Mobility Acquisition Corp. (the “Company”), Pegasus Digital Mobility Sponsor LLC (the “Sponsor”), and Pegasus TopCo B.V. ("TopCo") entered into non-redemption and investment agreements (the “Non-Redemption and Investment Agreements”) with certain third parties

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419 material agreements filed in the last 30 days. Browse all material agreements →

Source: SEC EDGAR

accession 0001104659-24-046242

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