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SPAC · Merger completed

Pegasus Digital Mobility Acquisition Corp.

Business combination with Gebr. Schmid GmbH

Pegasus Digital Mobility Acquisition Corp. is a blank-check company (SPAC) that raised $200M in its initial public offering on Oct 25, 2021, listing on New York Stock Exchange. It completed its business combination with Gebr. Schmid GmbH on May 15, 2024; the combined company is SCHMID Group N.V.. EarlyBird led the IPO, with Ladenburg Thalmann and Northland. Morrison & Foerster advised the SPAC and Davis Polk advised the underwriters on the IPO.

Gebr. Schmid GmbH, the SCHMID Group, is a global solutions provider for the high-tech electronic, photovoltaics, glass and energy systems industries. It agreed a business combination with Pegasus Digital Mobility Acquisition Corp. that would list it on the NYSE.

Status
Merger completed
IPO date
Oct 25, 2021
IPO size
$200M
IPO exchange
New York Stock Exchange
Target
Gebr. Schmid GmbH (via Pegasus TopCo B.V.)
Announced
May 31, 2023
Closed
May 15, 2024
Combined company
SCHMID Group N.V.
IPO underwriters
EarlyBird, Ladenburg Thalmann and Northland
SPAC counsel (IPO)
Morrison & Foerster and Appleby
Underwriters' counsel (IPO)
Davis Polk

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