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Pegasus Digital Mobility Acquisition Corp. (NYSE: PGSS.U) has announced a funding of $719,907.30 to its trust account for a three-month extension, allowing it until July 26, 2023 to finalize a business combination. Concurrently, a non-interest-bearing working capital promissory note of the same amount was extended to the Sponsor on April 24, 2023.
The Company, a special purpose acquisition entity, aims to pursue acquisitions in the next-generation transportation sector, particularly related to energy transformation and digital mobility. Led by notable figures including Dr. Sir Ralf Speth and F. Jeremey Mistry, Pegasus seeks to leverage trends in zero-emission transportation and the digitization of mobility to capitalize on growth opportunities.
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