Associated tags: Transport, Artificial intelligence, Professional Services, Finance, NYSE, Sponsor, Software, Business analyst, Exercise, Security (finance)
Locations: CALIFORNIA, EUROPE, GERMANY, UNITED STATES, NORTH AMERICA, NEW YORK, US
Banking,
Mobile,
Wireless,
Networks,
Other Energy,
Professional Services,
Alternative Energy,
Energy,
Technology,
Other Manufacturing,
Finance,
Other Technology,
Manufacturing,
USD,
Investment,
Topco,
Sponsor,
Knowledge,
Electronics,
Commerce,
Samsung Electronics,
Samsung,
Schmid,
Management The total amount of currently committed capital in these non-redemption and investment agreements is approximately USD 20 million.
Key Points:
- The total amount of currently committed capital in these non-redemption and investment agreements is approximately USD 20 million.
- The Company, the Sponsor and TopCo expect to enter into additional non-redemption and investment agreements prior to the Company's shareholders meeting.
- In addition, the Company and TopCo hereby announce that Boo-Keun Yoon has agreed to join TopCo's board of directors as an independent director.
- I am looking forward to working with him on the board following a successful closing in April."
Retrieved on:
Tuesday, February 20, 2024
Other Professional Services,
Environment,
Finance,
Other Science,
Banking,
Logistics,
Supply Chain Management,
Professional Services,
Mobile,
Wireless,
Fintech,
Other Transport,
Other Manufacturing,
Trucking,
Transport,
Other Technology,
Public Relations,
Investor Relations,
Science,
Automotive Manufacturing,
Networks,
Communications,
Manufacturing,
Other Automotive,
Other Energy,
Technology,
Energy,
Automotive,
Acquisition,
SAP,
Miniaturization,
Biophysical environment,
PGSS,
Glass,
State,
Workforce development,
Electronics,
United,
Workforce,
Partnership,
Management Calumet Electronics (Calumet), a leading American printed circuit board manufacturer, is pioneering the domestic production of advanced packaging substrates.
Key Points:
- Calumet Electronics (Calumet), a leading American printed circuit board manufacturer, is pioneering the domestic production of advanced packaging substrates.
- Through this strategic partnership, Calumet and Schmid are working collaboratively to scale domestic production capacity for advanced substrates.
- Schmid is providing innovative equipment, while Calumet is taking the lead in expanding its manufacturing capabilities.
- Together, they are aligning their efforts with construction milestones to establish the first-ever US-based advanced substrate facility.
Banking,
Fintech,
Professional Services,
Finance,
Schmid,
Topco,
Sponsor,
Cayman Islands,
Acquisition,
USD,
XJ,
Exercise,
Security (finance) Key Points:
- Schmid Group ("Schmid").
- In addition, the Company has entered into an amendment of the shareholders' undertaking agreement with Anette Schmid and Christian Schmid.
- In addition, the Pegasus Digital Mobility Sponsor LLC, a Cayman Islands limited liability company (the "Sponsor") has agreed to transfer 2,000,000 private placement warrants to Anette Schmid and Christian Schmid (in equal parts) at the date of the closing of the business combination.
- The completion of the business agreement is currently expected towards the end of the first quarter of 2024.
Retrieved on:
Wednesday, January 24, 2024
Professional Services,
Technology,
Other Technology,
Finance,
Fintech,
Banking,
Notice,
Business analyst,
Acquisition,
PGSS,
Business plan,
Committee The current non-compliance with the NYSE’s listing standards described above does not affect the Company’s operations or its ability to complete a Business Combination.
Key Points:
- The current non-compliance with the NYSE’s listing standards described above does not affect the Company’s operations or its ability to complete a Business Combination.
- Under the NYSE’s rules, the Company has 45 days to present a business plan (the “Business Plan”) to the NYSE that demonstrates how the Company intends to cure the deficiency within 18 months of the date of the NYSE notice.
- The Business Plan will be reviewed by the Listings Operations Committee (the “Committee”) of the NYSE.
- The Company will respond to the NYSE to confirm its intent to cure this noncompliance.
Retrieved on:
Friday, December 29, 2023
Pegasus Digital Mobility Acquisition Corp. (NYSE: PGSS.U) (the “Company”) today announced that it has decided to extend the date by which the Company must consummate a business combination until April 30, 2024. Pegasus Digital Mobility Sponsor LLC has committed to deposit $135,000.51 into the Company's trust account, representing $0.03 per Class A ordinary share, on the first business day of each month starting on January 2, 2024 until the earliest of (i) the date on which the Company consummates an initial business combination or (ii) April 30, 2024.
Key Points:
- Pegasus Digital Mobility Acquisition Corp. (NYSE: PGSS.U) (the “Company”) today announced that it has decided to extend the date by which the Company must consummate a business combination until April 30, 2024. Pegasus Digital Mobility Sponsor LLC has committed to deposit $135,000.51 into the Company's trust account, representing $0.03 per Class A ordinary share, on the first business day of each month starting on January 2, 2024 until the earliest of (i) the date on which the Company consummates an initial business combination or (ii) April 30, 2024.
Retrieved on:
Thursday, December 7, 2023
Pegasus Digital Mobility Acquisition Corp. (NYSE: PGSS.U) (the "Company"), a special purpose acquisition company founded by StratCap Investment Management, LLC, formerly Strategic Capital Fund Management, LLC ("StratCap"), today announced the results of its Extraordinary General Meeting.
Key Points:
- Pegasus Digital Mobility Acquisition Corp. (NYSE: PGSS.U) (the "Company"), a special purpose acquisition company founded by StratCap Investment Management, LLC, formerly Strategic Capital Fund Management, LLC ("StratCap"), today announced the results of its Extraordinary General Meeting.
- In connection with the Extraordinary General Meeting, shareholders holding 503,201 shares of Class A ordinary shares exercised their right to redeem their shares for a pro rata portion of the funds in the Company's trust account.
- As a result, approximately $5,550,000 will be removed to pay such holders.
- Following the redemption, the Company's remaining number of Class A ordinary shares was 4,500,017.
Professional Services,
Finance,
Failure,
Sponsor,
Risk,
Business analyst,
Acquisition,
Form,
NYSE,
Security (finance),
Marketing SCHMID GmbH (the "SCHMID Group") to December 31, 2023.
Key Points:
- SCHMID GmbH (the "SCHMID Group") to December 31, 2023.
- As a result, approximately $53.7 million will be remaining in the Company's trust account.
- Following the redemption, the Company's remaining number of issued and outstanding Class A ordinary shares was 5,003,218.
- All statements other than statements of historical fact included in this press release are forward-looking statements.
Technology,
Professional Services,
Other Transport,
Other Energy,
Transport,
Software,
Artificial Intelligence,
Logistics,
Supply Chain Management,
Energy,
Mobile,
Wireless,
Finance,
Transfer,
Unit,
IPO,
Failure,
Eastern Time Zone,
Tax,
Depository Trust Company,
Accounting,
Continental,
Acquisition,
Interest on Lawyer Trust Accounts,
Risk,
Finance Secretary (India),
NYSE,
DTC,
Sponsor,
Public,
Investment Company Act of 1940,
Growth,
Exercise,
Business,
Trust,
EGM,
Business analyst,
Form,
Special-purpose acquisition company,
Depository Trust & Clearing Corporation,
Cayman Islands,
DWAC,
Security (finance),
Marketing,
Article The Company intends to utilize the further time available to it until December 31, 2023 to consummate its proposed Business Combination with Gebr.
Key Points:
- The Company intends to utilize the further time available to it until December 31, 2023 to consummate its proposed Business Combination with Gebr.
- The monthly contribution shall be equal to $0.03 (three U.S. cents) per Public Share (as defined below) then outstanding.
- Public Shareholders may elect to redeem all or a portion of their Public Shares.
- The Company does not have any control over this process or over the brokers or The Depository Trust Company.
Clifford Chance,
Appleby,
Gebr. Heller,
Hans-Christian Schmid,
Electronics,
Internet of things,
Original equipment manufacturer,
PGSS,
Business analyst,
USD,
PV,
Cyprus Securities and Exchange Commission,
Internet,
EUR,
EBITDA,
State,
Miniaturization,
Acquisition,
PCB,
Growth,
Fenwick & West,
Silicon,
AI,
R,
TAM,
NYSE,
Glass,
Economics,
Software,
Printed circuit board,
Video game,
Retail,
Industrial design,
Management,
Renewable energy,
Cryptocurrency,
Pegasus SCHMID management believes that as the industry's full-service provider of this solution, the company is well positioned to meaningfully outpace strong industry growth.
Key Points:
- SCHMID management believes that as the industry's full-service provider of this solution, the company is well positioned to meaningfully outpace strong industry growth.
- Schmid family to maintain majority ownership and retain management positions post-listing; Board expected to include Christian Schmid and Anette Schmid, Pegasus officers Sir Ralf Speth and Dr. Stefan Berger, and three independent board members.
- SCHMID GmbH (the "Company" or "SCHMID," and together with its consolidated subsidiaries, the "SCHMID Group" or "Group"), a global solutions provider for the high-tech electronic, photovoltaics, glass, and energy systems industries, and Pegasus Digital Mobility Acquisition Corp. ("Pegasus") (NYSE: PGSS), a special purpose acquisition company formed by StratCap, LLC today announced a definitive business combination agreement (the "Business Combination Agreement") that would result in the SCHMID Group becoming a publicly listed company on the New York Stock Exchange (NYSE), expected in the fourth quarter of 2023.
- Solomon Partners Securities, LLC is serving as financial advisor to Pegasus Digital Mobility Acquisition Corp. on the transaction.
Technology,
Professional Services,
Other Transport,
Other Energy,
Transport,
Software,
Artificial Intelligence,
Logistics,
Supply Chain Management,
Energy,
Mobile,
Wireless,
Finance,
Transfer,
Sponsor,
Acquisition,
NYSE,
Real estate,
Bank Pegasus Digital Mobility Acquisition Corp. (NYSE: PGSS.U) (the “Company”), a special purpose acquisition company founded by StratCap Investment Management, LLC, formerly Strategic Capital Fund Management, LLC, (the “Sponsor”), today announced that it has funded the trust account maintained with Continental Stock Transfer & Trust Company with a $719,907.30 payment for the second three-month extension period, by which it extended the date by which the Company must consummate a business combination until July 26, 2023.
Key Points:
- Pegasus Digital Mobility Acquisition Corp. (NYSE: PGSS.U) (the “Company”), a special purpose acquisition company founded by StratCap Investment Management, LLC, formerly Strategic Capital Fund Management, LLC, (the “Sponsor”), today announced that it has funded the trust account maintained with Continental Stock Transfer & Trust Company with a $719,907.30 payment for the second three-month extension period, by which it extended the date by which the Company must consummate a business combination until July 26, 2023.
- In addition, on April 24, 2023, the Company extended a working capital promissory note to the Sponsor for $719,907.30.
- The promissory note is non-interest bearing.
