We advised the underwriters on the SPAC IPO and NYSE listing

Davis Polk advised the representative of the several underwriters in connection with the initial public offering of 20,000,000 units of Pegasus Digital Mobility Acquisition Corp. for aggregate proceeds of $200 million. Each unit consists of one Class A ordinary share and one-half of one warrant to purchase one Class A ordinary share of Pegasus Digital Mobility Acquisition Corp. The units were listed on the New York Stock Exchange under the symbol “PGSS.U”

Pegasus Digital Mobility Acquisition Corp. is a newly incorporated special purpose acquisition company (SPAC) whose business purpose is to effect a business combination with one or more businesses or entities. Pegasus Digital Mobility Acquisition Corp. intends to focus on identifying a prospective target business in the next-generation transportation sector with exposure to energy transformation and digital mobility tailwinds.

The Davis Polk corporate team included partner Derek Dostal and associate Steven Glendon. Partner Ethan R. Goldman and associate Ben Levenback provided tax advice. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.

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