Pegasus Digital Mobility Acquisition Corp. (PGSS.U) Prices $200M IPO


Pegasus Digital Mobility Acquisition Corp. (PGSS.U) Prices $200M IPO

Oct 22, 2021 IPOs by Marlena Haddad

Pegasus Digital Mobility Acquisition Corp. announced the pricing of its $200 million IPO and its shares are expected to begin trading on the NYSE under the symbol “PGSS.U” Friday, October 22.

The new SPAC intends to focus its search on target businesses within the next-generation transportation sector with exposure to energy transformation and digital mobility tailwinds, particularly in the European market. Pegasus Digital Mobility is led by CEO and Chairman of the Board Sir Dr. Ralf Speth, CFO and Secretary F. Jeremey Mistry, and CIO Dr. Stefan Berger.

Total SPAC deal count for 2021 year-to-date is now 489. This offering is expected to close on Tuesday, October 26.

Barclays Capital Inc. is serving as the sole book-running manager for the offering and EarlyBirdCapital, Inc., Ladenburg Thalmann & Co. Inc. and Northland Securities, Inc. are serving as co-managers for the offering. Morrison & Foerster LLP is serving as Issuer’s Counsel with Davis Polk & Wardwell LLP serving as Underwriter’s Counsel. BDO USA, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.