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Pegasus Digital Mobility Acquisition (PGSS)

The Company is a newly-incorporated, blank check company incorporated as a Cayman Islands exempted entity. The Company was founded by Strategic Capital, an investment management organization focused on digital economy investments, and the Company is led by Dr. Sir Ralf Speth, F. Jeremey Mistry, and Dr. Stefan Berger. The Company is a new special purpose acquisition company formed for the purpose of effecting a business combination with one or more businesses. While the Company may pursue an initial business combination target in any business, industry, sector or geographical location, it intends to focus its search on target businesses within the next-generation transportation sector with exposure to energy transformation and digital mobility tailwinds, particularly in the European market. The Company believes this business sector is in the early stages of a generational growth trend that is accelerating as a result of energy transformation through the rise of zero emission transportation, as well as the digitization of mobility through artificial intelligence, wireless connectivity and software applications.

PGSS stock data

Calendar

15 Aug 22
1 Oct 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 586.46K 586.46K 586.46K 586.46K 586.46K 586.46K
Cash burn (monthly) 112.55K (no burn) 119.78K 129.88K 53.43K 22.3K
Cash used (since last report) 344.11K n/a 366.21K 397.1K 163.35K 68.17K
Cash remaining 242.35K n/a 220.25K 189.36K 423.11K 518.29K
Runway (months of cash) 2.2 n/a 1.8 1.5 7.9 23.2

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
4 Nov 21 Stefan Berger Ordinary Share Warrants Class A Ordinary Shares, par value 0.0001 per share Other Acquire J No No 11.5 243,750 2.8M 243,750
4 Nov 21 Stefan Berger Class B Ordinary Shares, par value 0.0001 per share Class A Ordinary Shares, par value 0.0001 per share Other Acquire J No No 0.004 140,625 562.5 140,625
4 Nov 21 John N. Doherty Class B Ordinary Shares, par value 0.0001 per share Class A Ordinary Shares, par value 0.0001 per share Other Acquire J No No 0.004 56,250 225 56,250
4 Nov 21 Jeffrey H Foster Class B Ordinary Shares, par value 0.0001 per share Class A Ordinary Shares, par value 0.0001 per share Other Acquire J No No 0.004 56,250 225 56,250
4 Nov 21 Faramaraz Jeremey Mistry Ordinary Share Warrants Class A Ordinary Shares, par value 0.0001 per share Other Acquire J No No 11.5 243,750 2.8M 243,750
4 Nov 21 Faramaraz Jeremey Mistry Class B Ordinary Shares, par value 0.0001 per share Class A Ordinary Shares, par value 0.0001 per share Other Acquire J No No 0.004 140,625 562.5 140,625
4 Nov 21 Steven John Norris Class B Ordinary Shares, par value 0.0001 per share Class A Ordinary Shares, par value 0.0001 per share Other Acquire J No No 0.004 56,250 225 56,250
90.8% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 36 30 +20.0%
Opened positions 8 6 +33.3%
Closed positions 2 3 -33.3%
Increased positions 17 7 +142.9%
Reduced positions 3 16 -81.3%
13F shares Current Prev Q Change
Total value 147.09M 140.51M +4.7%
Total shares 20.43M 14.22M +43.6%
Total puts 0 0
Total calls 463.24K 0 NEW
Total put/call ratio
Largest owners Shares Value Change
Balyasny Asset Management 2.89M $19.57M +50.0%
Adage Capital Partners GP, L.L.C. 2.69M $18.26M +49.4%
Polar Asset Management Partners 2.64M $19.38M +37.5%
Kepos Capital 1.42M $7.03M +102.3%
TENOR CAPITAL MANAGEMENT 1.39M $9.39M +50.0%
Shaolin Capital Management 1.37M $9.38M +48.0%
Saba Capital Management 1.09M $10.87M 0.0%
Marshall Wace 989.74K $9.84M 0.0%
HGC Investment Management 783.7K $6.49M +20.6%
EHP Funds 722.97K $302K NEW
Largest transactions Shares Bought/sold Change
Balyasny Asset Management 2.89M +962.5K +50.0%
Adage Capital Partners GP, L.L.C. 2.69M +889.44K +49.4%
EHP Funds 722.97K +722.97K NEW
Polar Asset Management Partners 2.64M +719.76K +37.5%
Kepos Capital 1.42M +716.4K +102.3%
Glazer Capital 639.95K +639.95K NEW
TENOR CAPITAL MANAGEMENT 1.39M +462.5K +50.0%
Shaolin Capital Management 1.37M +443.6K +48.0%
Highbridge Capital Management 160.37K -441.22K -73.3%
Kim 412.5K +412.5K NEW

Financial report summary

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Management Discussion
  • As of June 30, 2022, we had not commenced any operations. All activity for the period from March 30, 2021 (Inception) through June 30, 2022 relates to our formation and initial public offering, and, since the completion of the initial public offering, our search for a target to consummate a business combination. We will not generate any operating revenues until after the completion of a business combination, at the earliest. We will generate non-operating income in the form of interest income from the proceeds derived from the initial public offering and placed in a U.S.-based trust account (the “Trust Account”) at JP Morgan Chase Bank, N.A., maintained by Continental Stock Transfer & Trust Company, acting as trustee. We expect to incur increased expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses.

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