Pegasus Digital Mobility Acquisition priced its IPO of 20 million units at $10 each. A unit consists of one Class A ordinary share and one-half of a warrant.
The new SPAC is targeting the next-generation transportation sector.
Units start trading today on the NYSE under PGSS.U. Once the securities begin separate trading, shares and warrants are expected to list under PGSS and PGSS.WS.
The offering is expected to close Oct. 26.
Barclays is sole book-running manager for the offering and EarlyBirdCapital, Ladenburg Thalmann and Northland Securities are co-managers. The underwriters have an option to purchase up to an additional 3 million units to cover over-allotments, if any. Read more.
