Monday, October 6, 2025

Latest

Transportation SPAC Pegasus Digital Mobility Acquisition Prices US$200 Million IPO

Blank check company Pegasus Digital Mobility Acquisition Corp. (NYSE: PGSS.U) went public today on the New York Stock Exchange. The company is seeking to raise US$200.0 million through its initial public offering.

The offering consists of 20.0 million company units priced at US$10.00 per unit. Each unit is composed of one Class A common share and one-half of a purchase warrant. Each whole warrant is redeemable to purchase one common share at US11.50 per share. The units will be trading under the symbol “PGSS.U” but once the securities are separated, the common shares and the purchase warrants will be trading on the New York-based big board under the symbols “PGSS” and “PGSS.WS”, respectively.

Barclays Capital Inc. serves as the sole bookrunner for the offering. The company has granted the underwriters a 45-day over-allotment option to purchase additional 3.0 million company units, potentially bringing the offering proceeds to US$230.0 million.

The offering is expected to close on October 26, 2021, subject to customary closing conditions.

The blank check firm intends to focus its search for business combination with firms in the “transportation sector with exposure to energy transformation and digital mobility tailwinds, particularly in the European market”.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Fashion Brand Lulus Prices US$92 Million IPO

Women’s fashion brand Lulu’s Fashion Lounge Holdings, Inc. (Nasdaq: LVLU), popularly known as Lulus, started...

Thursday, November 11, 2021, 02:23:00 PM

Tiger Williams-Led SPAC Williams Rowland Acquisition Seeks To Raise US$200 Million In IPO

Special purpose acquisition company Williams Rowland Acquisition Corp. (NYSE: WRACU) went public on the New...

Tuesday, July 27, 2021, 12:21:00 PM

LNG Firm Excelerate Energy Launches IPO

Liquefied natural gas company Excelerate Energy is looking to go public on the New York...

Tuesday, April 5, 2022, 02:21:00 PM

Venture Capital-Backed SPAC Banner Acquisition Eyes US$150 Million IPO

Special purpose acquisition company Banner Acquisition Corp. (Nasdaq: BNNRU) started trading publicly yesterday on the...

Thursday, September 9, 2021, 12:44:00 PM

Language Platform Duolingo Files For IPO On Nasdaq

Language learning platform Duolingo Inc. announced Monday that it has filed a registration statement relating...

Tuesday, June 29, 2021, 10:53:00 AM