SCHMID Group to go public via merger with StratCap-backed Pegasus Digital Mobility Acquisition in a $640m deal.

SCHMID Group, a global solutions provider for the high-tech electronic, photovoltaics, glass, and energy systems industries, agreed to go public via merger with StratCap-backed Pegasus Digital Mobility Acquisition, a special purpose acquisition company, in a $640m deal. "We are excited to partner with the SCHMID team to further grow the Group's platform and accelerate expansion into new attractive markets, including the automotive sector. We look forward to bringing to bear our deep experience in product development, manufacturing, and operational excellence, as well as our track record of enhancing shareholder value, to realize the SCHMID Group's full potential," Ralf Speth, Pegasus CEO and Chairman.