Pegasus Digital Mobility Acquisition Corp. Announces the Results of its Extraordinary General Meeting and Amendment of its Memorandum and Articles of Association
07 Dezembro 2023 - 6:31PM
Business Wire
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. The Company's
shareholders have approved the adoption of the third amended and
restated articles of association in the form proposed, to among
other things (i) remove references to term limits for directors of
the Company, (ii) make certain updates to reflect the decision by
the board of directors of the Company (the "Board") to
exercise the second and third extension options pursuant to which
the date by which the Company has to consummate a merger, share
exchange, asset acquisition, share purchase, reorganization or
similar business combination ("business combination") was
extended from April 26, 2023 to July 26, 2023 and then subsequently
extended from July 26, 2023 to December 31, 2023 and (iii) insert a
fourth extension option to enable the Board to extend the date by
which the Company has to consummate a business combination from
December 31, 2023 to April 30, 2024, subject to the Company’s
sponsor Pegasus Digital Mobility Sponsor LLC (the "Sponsor")
committing to deposit $0.03 per Class A ordinary share then in
issue into the Company’s trust account on the first business day of
each month starting on January 2, 2024 until the earliest of (a)
the date on which the Company consummates and initial business
combination or (b) April 30, 2024.
Upon Board approval of an extension to April 30, 2024, the
Sponsor will deposit $135,000.51 into the Company's trust account,
representing $0.03 per Class A ordinary share then in issue, 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.
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.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute
"forward-looking statements." All statements other than statements
of historical fact included in this press release are
forward-looking statements. Forward-looking statements are subject
to numerous conditions, many of which are beyond the control of the
Company, including those set forth in the "Risk Factors" section of
the Company’s registration statement and final prospectus for the
offering filed with the SEC. Copies are available on the SEC’s
website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
About Pegasus Digital Mobility Acquisition Corp.
The Company is a blank check company incorporated as a Cayman
Islands exempted entity. The Company was founded by StratCap, an
investment management organization focused on digital economy
investments. The Company is a special purpose acquisition company
formed for the purpose of effecting a business combination with one
or more businesses.
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