Pegasus Digital Mobility Acquisition registered with the SEC to offer 20 million units at $10 each. A unit consists of one Class A ordinary share and one-half of a redeemable warrant.
The new SPAC is targeting the next-generation transportation sector.
Pegasus Digital Mobility is led by CEO and Chairman Dr. Ralf Speth, who since September 2020 has served as a non-executive director and vice-chairman of the board of Jaguar Land Rover Automotive.
Barclays is sole book-running manager. EarlyBirdCapital is a co-manager of the offering. The underwriters have an option to purchase up to an additional 3 million units to cover over-allotments, if any.
The SPAC inends to apply for a listing on the NYSE under PGSS.U. Read more.
