Appleby advises Pegasus Digital Mobility Acquisition Corp. on its entry into a business combination with the Schmid Group

Appleby is advising NYSE-listed Pegasus Digital Mobility Acquisition Corp. (“Pegasus”), a special purpose acquisition company (SPAC) sponsored by StratCap, LLC, on its announced business combination with Gebr. SCHMID GmbH (“SCHMID”), a global solutions provider for the high-tech electronic, photovoltaics, glass, and energy systems industries, that would result in the SCHMID Group becoming a publicly listed company on the NYSE. The transaction values SCHMID at an enterprise value of USD 640 million based on SCHMID’s revenue growth.