– USA, CT – Pegasus Digital Mobility Acquisition Corp. (NYSE: PGSS.U) today announced the appointments of Steve Norris, Florian Wolf, John Doherty, and Jeff Foster to its Board as Independent Directors, effective on October 21, 2021
Pegasus is a special purpose acquisition company founded by Strategic Capital Fund Management, LLC. These four appointments are in connection with its $200 million IPO, which closed on October 26, 2021.
“A SPAC needs a clear and simple organization structure and the right people,” said 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.”
About Steve Norris
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 the UK which specializes in the development of green hydrogen and the use of AI to assist in the development of sustainable renewable energy.
About Florian Wolf
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 CFO 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.
About John Doherty
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 CFO 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.
About Jeff Foster
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 CFO 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.
About Pegasus Digital Mobility Acquisition Corp.
Pegasus Digital Mobility Acquisition Corp. 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 to effect 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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