Pegasus Digital Mobility said shareholders in a near-unanimous vote approved combining with Gebr. Schmid Group, a global solutions provider for the high-tech electronic, photovoltaics, glass, and energy systems industries.
The vote was 7,832,695 shares in favor and one abstention.
Schmid investors are due to receive 28.725 million shares at closing.
Ahead of a successful extension vote in December, the SPAC had said 503,201 shares were redeemed for about $5.55 million. That left 4,500,017 shares outstanding, or about $49.6 million. The Pegasus board in February approved more than 2.8 million Class B shares for use as incentives in non-redemption agreements.
Pegasus Digital originally raised $200 million in an October 2021 IPO. Read more.
