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Pegasus Digital Mobility Acquisition Corp - PGSS STOCK NEWS

Welcome to our dedicated news page for Pegasus Digital Mobility Acquisition (Ticker: PGSS), a resource for investors and traders seeking the latest updates and insights on Pegasus Digital Mobility Acquisition.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Pegasus Digital Mobility Acquisition's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Pegasus Digital Mobility Acquisition's position in the market.

Rhea-AI Summary
Pegasus Digital Mobility Acquisition Corp. and its partners have secured approximately USD 20 million in committed capital for their business combination with Gebr. Schmid GmbH. Boo-Keun Yoon, former Vice Chairman and CEO of Samsung Electronics, will join the board of directors of TopCo. The closing of the business combination is subject to meeting all conditions by April 25, 2024.
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0.97%
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Rhea-AI Summary
Calumet Electronics partners with Schmid Group to pioneer domestic production of advanced packaging substrates in the US. The collaboration aims to scale production capacity, establish a state-of-the-art facility, implement cutting-edge technology, and receive government support for a total capital investment of nearly $50 million. The partnership focuses on workforce development, environmental responsibility, and advancing substrate technology to enhance the nation's capabilities in microelectronics and printed circuit boards.
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0.09%
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Rhea-AI Summary
Pegasus Digital Mobility Acquisition Corp. (PGSS) has announced amendments to the business combination agreement with Gebr. Schmid Group, extending the closing time to April 30, 2024, and reducing the number of shares to be issued to Schmid's shareholders. An earn-out agreement has also been agreed upon, awarding shares based on the combined company's share price performance. Additionally, the company has entered into a subscription agreement with XJ Harbour HK Limited for the transfer of equity interest in a subsidiary of Schmid.
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Pegasus Digital Mobility Acquisition Corp. (PGSS) has been notified by the New York Stock Exchange (NYSE) that it is not in compliance with the NYSE's listing standard due to a lack of minimum public stockholders. The company has 45 days to present a business plan to cure the deficiency within 18 months or face suspension and delisting procedures.
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Pegasus Digital Mobility Acquisition Corp. (NYSE: PGSS.U) has extended the date for a business combination until April 30, 2024. Pegasus Digital Mobility Sponsor LLC will deposit $135,000.51 into the company's trust account, representing $0.03 per Class A ordinary share, monthly until the business combination is completed or April 30, 2024.
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Rhea-AI Summary
Pegasus Digital Mobility Acquisition Corp. (NYSE: PGSS.U) announced the approval of the adoption of the third amended and restated articles of association. Shareholders also exercised their right to redeem shares, resulting in approximately $5,550,000 being removed to pay such holders.
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Pegasus Digital Mobility Acquisition Corp

NYSE:PGSS

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