SCHMID Group Closes Business Combination And Begins Trading On Nasdaq
Author: Benzinga Newsdesk | May 01, 2024 09:40am
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.