Skip to main content
spacbrain

Pegasus Digital Mobility Acquisition Corp.

PGSS · NYSE

Trust settledGebr. Schmid GmbH · Finished

NO ACTION REQUIRED

Nothing left to do

The purchase completed and the shares became shares in the company it bought. There is no deadline left to miss.

Cash at settlement

no closing figure

No cash-per-share figure was filed for this vehicle before it finished.

Last close

no quote on file

Daily close

Nothing left to claim

this vehicle finished

There is nothing to hand back: holders who wanted cash elected it at the vote, and the rest became shares in the buyer.

Read what happened to the cash

The floor

Trust settled

This SPAC has finished — its trust was paid out or used to close the deal, so there is nothing left to redeem

Read the reasoning behind this verdict

No price history on file yet — daily closes accumulate from the market data feed.

Trust settled · There is no line to draw here. This vehicle has finished: the cash was paid back or spent closing the deal, so the last filed figure describes an account that no longer exists and would be a floor under nothing.

SpacBrain’s read

Trust settled

The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).

In plain terms

What it is
A SPAC from Pegasus Digital Mobility Sponsor LLC, listed on NYSE in October 2021.
What it's doing now
It agreed to buy Gebr. Schmid GmbH, a Technology solutions for the electronics and solar industries company. The deal valued that business at about $320.3M. That purchase completed, and it stopped being a SPAC — the shares became shares in the business it bought.
What you should know
This SPAC has finished. The purchase completed, and the shares became shares in the company it bought — anyone who wanted the cash instead asked for it at the vote, so there is no cash left here to claim and no deadline left to miss.

At a glance

Where it stands
Closed (deSPAC)
The business it bought
Gebr. Schmid GmbH
Industry
Technology solutions for the electronics and solar industries
Deal value
$320M
Price vs cash at settlement
no live price on file
Cash in trust when it settled
not yet extracted into a snapshot — the filings below may state it
the last trust total filed while this was still a SPAC — the account has since been paid out or used to close the deal
IPO
25 October 2021
size not on file · 101.0% of each $10 unit into trust
Headquarters
100 FIELD POINT ROAD, GREENWICH, CT, 06830
registered in the Cayman Islands
Lead underwriter
not extracted from the prospectus yet
Key officers
Speth Ralf (Chief Executive Officer) · Mistry Faramaraz Jeremey (CFO and Secretary) · Shah Robin
Listed securities
PGSS common
Cash held per sharenot filed for this window

This vehicle has finished, so there is no window to file a cash-per-share figure for and none will follow. No estimate is shown in its place.

Next date that mattersno dated event on file

Nothing dated is on file. That is an absence in the record, not a statement that nothing is coming.

Yield to redemption

Nothing left to redeem — no yield to compute.

This SPAC has finished — its trust was paid back or used to close the deal, so there is nothing left to redeem and no yield to compute. A yield to redemption is a claim that you can hand these shares back for the trust cash. That account is closed, so this page will not print a number here.

What happened to the cash

The reasoning behind the verdict above, in the order the filings establish it.

  1. The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).

What has happened, and what is coming

1 dated milestone

Every dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.

  1. 25 October 2021IPOpassed

    IPO size not on file

The deal

terms as filed

What it is buying, on what terms, and how much of the combined company new shares take from you.

The score

deterministic, from filed fields

PGSS is not in the scored universe, so no score is shown. A withheld score is a fact about the record, not a verdict about the company.

Asymmetric return scoreNeither a price nor a cash-per-share figure is on file for this vehicle, and the score is a ratio between the two. Nothing is estimated to fill the gap.

The score is only published for names that carry both a price and a filed cash-per-share figure — 292 of the tracked fleet today. The rest keep an empty dial rather than a modelled one, and fill in by themselves as the fields land.

See the names that are scored, and how

The company

from SEC filings
Read the full profile

Pegasus Digital Mobility Acquisition Corp. (NYSE: PGSS) was a blank-check company whose IPO was priced on October 25, 2021, per a 424B prospectus. The company's common ticker PGSS appears on the cover page of an 8-K filed on April 30, 2024. Its securities included Class A Ordinary Shares, Units (each consisting of one Class A ordinary share and one-half of one redeemable warrant), and Redeemable Warrants. The company completed a business combination and no longer files, with its closed status established by a Form 25 filed on May 1, 2024, under 17 CFR 240.12d2-2(a)(3), reflecting that the shares came to evidence other securities in substitution therefor.

Material findings

from the full read of every filing

Every document this company files gets read whole — body and exhibits. These are the ones the read flagged as material, newest first, each citing its filing.

  • DEFM14A29 March 20240001104659-24-040773opens on sec.gov in a new tab

    The deal can be abandoned if redemptions leave Pegasus with less than $5,000,001 of net tangible assets, so unlike several SPACs in this backlog the floor has been kept rather than deleted — public holders redeeming past that point kill the transaction outright. One illustrative scenario assumes only 290,570 Class A shares are redeemed, following redemptions already taken in 2023, leaving at least $45.0 million; the sponsor's committed vote means the outcome turns on redemptions rather than turnout.

  • DEF 14A13 November 20230001104659-23-117342opens on sec.gov in a new tab

    This is a fourth extension, which by itself tells holders how long the Schmid transaction has taken. Three cents per share per month is a token deposit for four more months of waiting. The retained US$5,000,001 net tangible asset condition is genuinely protective: if redemptions are heavy the extension simply fails and the company must wind up, returning trust cash rather than proceeding with almost no capital.

  • DEF 14A29 March 20230001104659-23-038261opens on sec.gov in a new tab

    Ten cents per share for the second extension is a genuine deposit that accretes to holders who stay, unlike the flat monthly fees common elsewhere, and the retained US$5,000,001 net tangible asset condition means heavy redemption ends the vehicle rather than letting it limp on. The new voluntary redemption right gives Class A holders an exit outside the usual vote-linked windows, which is unusually shareholder-friendly for a third extension.

Filings

live EDGAR feed

Everything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.

Show the other 10 filings
  • 8-K30 April 20240001104659-24-054253opens on sec.gov in a new tab
  • 8-K22 April 20240001104659-24-050016opens on sec.gov in a new tab
  • 42522 April 20240001104659-24-050026opens on sec.gov in a new tab
  • 8-K11 April 20240001104659-24-046242opens on sec.gov in a new tab
  • 42511 April 20240001104659-24-046243opens on sec.gov in a new tab
  • DEFM14A29 March 20240001104659-24-040773opens on sec.gov in a new tab

    What changed: Pegasus Digital Mobility Acquisition Corp., a Cayman Islands SPAC, issued merger materials for an extraordinary general meeting on April 22, 2024 at 9:00 a.m. Eastern time to approve its business combination with SCHMID Group N.V. as TopCo, under the agreement as amended September 26, 2023 and January 2024. Pegasus will merge with Merger Sub and survive, with each Eligible Pegasus Share cancelled in exchange for the Merger Consideration, and the Sponsor has agreed under a letter agreement to vote its Class A and Class B ordinary shares in favour. Why it matters: The deal can be abandoned if redemptions leave Pegasus with less than $5,000,001 of net tangible assets, so unlike several SPACs in this backlog the floor has been kept rather than deleted — public holders redeeming past that point kill the transaction outright. One illustrative scenario assumes only 290,570 Class A shares are redeemed, following redemptions already taken in 2023, leaving at least $45.0 million; the sponsor's committed vote means the outcome turns on redemptions rather than turnout.

  • 10-K29 March 20240001104659-24-041143opens on sec.gov in a new tab
    What changed vs 2023-03-28trust $518.1M → $238.5M -54%deadline 2023-04-26 → 2024-04-30mandate language changedshares 22.5M → 4.50M -80%
    trust account, combination deadline, mandate language +34 moved · 2 with no prior record of ours
    Trust account
    $518.1M$238.5M

    SpacBrain reads this as $279,575,691 left the trust between the two filings.

    The clause …“​ ​ ​ ​ ​ ​ Proceeds from redemption and sale of marketable securities held in Trust Account ​ ​ 238,547,151 ​ ​ 516,492,651 Purchase and reinvestment of marketable securities held in Trust Account ​ ​ ( 7,951,860 ) ​ ​ (”…

    Combination deadline
    2023-04-262024-04-30

    SpacBrain reads this as 370 days later than the previous record.

    The clause …“shares the anchor investor holds in the event we fail to complete our initial business combination by April 30, 2024, or during any Extension Period. If we do not complete our initial business combination within such applicable time”…

    Mandate language
    we intend to focus within our core target sector, as well as…We intend to target companies, of which more than 100 are on…
    Redeemable shares
    22.5M4.50M

    SpacBrain reads this as 17,999,983 shares are no longer redeemable.

    The clause …“200,000,000 shares authorized; 0 shares issued and outstanding (excluding 4,500,017 and 22,500,000 shares subject to possible redemption at December 31, 2023 and 2022, respectively) ​ ​ — ​ — Class B ordinary shares, $ 0.0001 par”…

    Going-concern doubt
    stated · unchanged

    The clause …“commissions payable were $2,441,250 and $7,875,000, respectively. Going Concern In connection with the Company’s assessment of going concern considerations in accordance with Accounting Standards Codification Topic 205-40,”…

    Sponsor loans outstanding
    $213K · unchanged

    The clause …“public offering. As of the date of our initial public offering, we had borrowed $212,710 under the $300,000 promissory note with our Sponsor. These loans were non-interest bearing, unsecured and were due at the earlier of April”…

    Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.

  • 8-K27 February 20240001104659-24-028089opens on sec.gov in a new tab
  • SC 13G/A14 February 20240001076809-24-000073opens on sec.gov in a new tab
  • SC 13G/A14 February 20240001193125-24-034795opens on sec.gov in a new tab

The record

The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.

Show the reference detail

Unit structure

Cash in trust at IPO$10.10

Unit: U = S + W/2 · 101.0% of the $10 unit

from 424B4 0001104659-21-129179

Trading & liquidity

Average daily volume (20d)no volume reported on the bars we hold
Average daily $ volumeneeds both volume and a live price
Range over the bars heldnot enough price history
Total cash in trustthe trust total is not in the last XBRL stamp

Company profile

Industry (SIC)Blank Checks (6770)
Registered inthe Cayman Islands
Exchange · CIKNYSE · 0001861541

All filings on EDGARopens on sec.gov in a new tab

Directors & officers

Institutional holders

from SC 13G/13D

Funds that have declared a stake above 5%. Heavy ownership by arbitrage funds usually means heavy cash-outs at the next vote.

Show the declared stakes

12 filers with a stake on file · 0 re-affirmed in the last 12 months. A stake with no amendment since is the filer’s last word on it, not proof it is still held — and percentages filed in different years are percentages of different floats, because this vehicle’s share count collapses at every redemption.

One line per filer, not per reporting person: a joint schedule names the management company, its funds and often the individual who controls them, and all of them report the same shares. Click a name for that filer’s whole footprint across every SPAC it has declared a stake in.

Sources on file

harvested pages, kept in full

Every public page we have read about this company, stored in full so a source can never go missing.

Show the sources

38 full SEC filing texts archived — searchable, never lost.

In plain English

tap a term to open it

Every piece of jargon this page could have used, and what it actually means.

Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected

A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.

Redemption deadlinethe last day to hand shares back for cash

Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.

Broker action datethe day your broker needs the instruction — earlier than the official date

Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.

Cash in trust / trust per sharethe cash the company is holding for each public share

Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.

Trust discountbuying below the cash held for you

Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.

Dilutionhow much of the company new shares take from you

Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.

Pro-forma equitywhat the company is valued at once the deal closes

The combined company's equity value assuming the announced terms and the redemptions that have actually happened.

ARShow much upside you get per unit of downside

SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.

De-SPACthe day the SPAC becomes the real company

The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.

Outside datethe contractual long-stop for closing the deal

A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.

Accession numberthe SEC's unique id for one filing

Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.

Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since

A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.

Ask the brain

from its filings
Data provenance & audit trail5 internal entries

Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.

PGSS — company record
UNIVERSE-HISTORY2026-08-16

admitted from the HISTORICAL census (EDGAR's SIC 6770 registrant list, walked in full: 3,325 registrants, 1,167 of which ever priced an IPO). The live discovery job cannot reach this registrant — it reads the filing tape, and this one stopped filing. Admission rule: src/lib/universe-admit.ts. SIC 6770 (Blank Checks); 424B 0001104659-21-129179 priced 2021-10-25; common ticker PGSS off 8-K 0001104659-24-054253 (2024-04-30); lifecycle EXITED. Ending PROVEN, not inferred: CLOSED per Form 25 0000876661-24-000310 (2024-05-01) — Form 25 filed under 17 CFR 240.12d2-2(a)(3) — the rule for securities that "have come to evidence other securities in substitution therefor", i.e. the shares became the successor's (class: Class A Ordinary Shares; Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant; Redeemable Warrants). ipoSizeM and deadline left NULL: gross-proceeds prose conflates the over-allotment with the offering, and a charter deadline belonging to a vehicle that has ended is a date nobody can act on. ipoDate is the 424B pricing date.

SPONSOR-ID2026-08-14

sponsor "Pegasus Digital Mobility Sponsor LLC" sourced from prospectus definition (10-K) — overrode a Form 3 entity owner that does not self-describe as sponsor acc 0001104659-22-041008.

Deal — Gebr. Schmid GmbH
DEAL-TARGET2024-03-29

AI-extracted target (z-ai/glm-5.2, conf 0.95)

BACKFILL2026-08-26

target recovered for a completed de-SPAC; no agreement-naming filing on file, so announcedAt is NULL rather than guessed

PROFILE-STUB2026-08-27

entity created from the filed target name; no About paragraph on file, so every other field awaits a sourced read

Also listed inSPACs with warrants
Back to the screenerVault note