Pegasus Digital Mobility Acquisition Corp. (NYSE: PGSS.U) (the “Company”), a special purpose acquisition company founded by Strategic Capital Fund Management, LLC (“Strategic Capital”), announced today that it closed its initial public offering of 20,000,000 units. The offering was priced at $10.00 per unit, resulting in gross proceeds of $200,000,000. The underwriters have a 45-day option to purchase up to an additional 3,000,000 units to cover over-allotments, if any. The units are listed on the New York Stock Exchange (“NYSE”) and commenced trading under the ticker symbol “PGSS.U” on October 22, 2021. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder to purchase one Class A ordinary share at a price of $11.50 per share. Only whole warrants are exercisable. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the NYSE under the symbols “PGSS” and “PGSS.WS,” respectively.
Pegasus Digital Mobility Acquisition Corp. Announces Closing of $200,000,000 Initial Public Offering
Oct 26, 2021
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