Wed. 1 May 2024, 9:40am ET
Benzinga
M&A, News
- SCHMID Group and Pegasus Digital Mobility Acquisition Corp. announce the completion of their business combination.
- As a result, starting April 30, 2024 the existing company's legal name is SCHMID Group N.V.
- SCHMID Group N.V. shares will begin trading on the Nasdaq Global Select Market under the ticker symbol "SHMD".
- SCHMID signed non-redemption and investment agreement for approximately USD 26 million in committed capital with the business combination (before costs).
- SCHMID is a global solutions provider for the high-tech electronic, photovoltaics, glass, and energy systems industries, with its parent company Gebr. SCHMID GmbH, based in Freudenstadt, Germany.
- SCHMID has aggregated a diverse group of experts to sit on their Board of Directors.