PGSS

Calumet Electronics And Schmid Group Collaborate To Establish First-Ever US Advanced Substrate Facility

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.

Pegasus Digital Mobility Acquisition Corp. Receives Continued Listing Standard Notice from NYSE

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.

The SCHMID GROUP to List on NYSE through Business Combination with Pegasus Digital Mobility Acquisition Corp.

Retrieved on: 
Wednesday, May 31, 2023
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.