Pegasus Digital Mobility Acquisition Corp. Announces The Appointment of Independent Directors
30 October 2021 - 3:00AM
Business Wire
Pegasus Digital Mobility Acquisition Corp. (NYSE: PGSS.U) (the
“Company”), a special purpose acquisition company founded by
Strategic Capital Fund Management, LLC (“Strategic Capital”),
announced the appointment of four independent directors in
connection with its $200 million initial public offering, which
closed on October 26, 2021.
“A SPAC needs a clear and simple organization structure and the
right people,” stated Chairman and CEO Dr. Sir Ralf Speth. “We have
carefully assembled a world-class Board of Directors to enhance our
value proposition for prospective target companies. We believe that
we can be a great partner to a forward-thinking company and
management team, which can translate to creating long term value
for shareholders.”
Independent Board Appointments
On October 21, 2021, the following individuals were appointed to
serve as the independent directors of the Company:
Steve Norris is a former member of the UK parliament who
served as Parliamentary Under-Secretary of State and Minister of
Transport in the government of Sir John Major. He is a former
Director General of the UK Road Haulage Association and a former
Chairman of First Group plc’s London bus operations. He is Deputy
Chairman of Optare plc, the UK’s second largest bus manufacturer
specializing in all-electric vehicles, President of ITS-UK, the UK
branch of the global intelligent transport systems organization,
and chairman of Evtec Automotive Limited, a tier 1 supplier to
Jaguar Land Rover, Ford and Aston Martin. He also joined the board
of Empati Ltd in UK which specializes in the development of green
hydrogen and the use of AI to assist in the development of
sustainable renewable energy.
Florian Wolf has considerable experience in investment
banking, business development, and financial and operational
management across a wide range of industries, with a leadership
focus on the electric vehicle and next-generation transportation
sectors. Mr. Wolf is the Chief Financial Officer of next-generation
battery technology firm Innolith AG, headquartered in Switzerland.
While with J.P. Morgan, Mr. Wolf assumed the role as the firm’s
EMEA Head of Electric Vehicles. His coverage and focus included
Electric Vehicles, Electric Vehicle Infrastructure, Battery Cell,
Power Electronics and Fuel Cell technology.
John Doherty has 35 years of experience in corporate
development, strategic planning, mergers & acquisitions,
transaction execution & integration, venture capital
investments and financial management in the technology,
connectivity and digital infrastructure industries across the
United States, Europe, Central America, South America and Asia. He
is the Chief Financial Officer of Magic Leap, an augmented reality
(AR) company pioneering a wearable platform to amplify enterprise
productivity, where he is responsible for all strategic, financial
and corporate development activity for the company including
accounting and control, financial planning & analysis,
treasury, fundraising and investor relations.
Jeff Foster has served as an Adjunct Professor of Real
Estate at Georgetown University and an Adjunct Professor of
Accounting at the University of South Florida. He also served as
Chief Financial Officer and Treasurer of DuPont Fabros Technology
(NYSE: DFT), guiding the company through its 2007 IPO and its 2017
sale to Digital Realty (NYSE: DLR). Mr. Foster was responsible for
obtaining financing through common and preferred equity, bonds and
bank debt. He was also responsible for strategic planning, investor
relations, accounting and lobbying for a sales tax exemption.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute
“forward-looking statements,” including with respect to the search
for an initial business combination. No assurance can be given that
the net proceeds of the offering will be used as indicated.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including those set
forth in the Risk Factors section of the Company’s registration
statement and final prospectus for the offering filed with the SEC.
Copies are available on the SEC’s website, www.sec.gov. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
About Pegasus Digital Mobility Acquisition Corp.
Pegasus Digital Mobility Acquisition Corp. (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 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20211029005411/en/
Robert Bruce Chief Marketing Officer Strategic Capital Fund
Management, LLC rbruce@scfundmanagement.com
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