SCHMID Group Closes Business Combination and Begins Trading on the Nasdaq Stock Exchange - Seite 2

SCHMID signed non-redemption and investment agreement for approximately USD 26 million in committed capital with the business combination including from various institutional investors as well as USD 8 million from Pegasus Digital Mobility Sponsor LLC, the sponsor of Pegasus.

Christian Schmid, CEO of the SCHMID Group N.V., commented, "Today marks a major milestone for SCHMID Group and the future of our company. As a fifth-generation family business, we’ve been innovating for over 160 years. Today, we solve for the most-pressing challenges in Electronics – our solutions help unlock the future of AI. By taking SCHMID public, we strengthen our global position and accelerate our sustainable innovation for the benefit of all stakeholders."

Sir Ralf Speth, CEO and Chairman of Pegasus, added, “Seeing this deal come to a close brings me great excitement for the future. I look forward to joining SCHMID’s Board of Directors to leverage my deep expertise in the Automotive sector to support SCHMID’s growth and expansion into new markets.”

Advisors

Clifford Chance is acting as U.S., German and international legal counsel to Pegasus, and Appleby is acting as Cayman counsel to Pegasus. Gleiss Lutz, Stibbe and Fenwick & West are advising SCHMID as legal counsel. BizLove is advising SCHMID on investor relations.

SCHMID Group N.V.’s Strong Financial Profile & Compelling Growth Outlook

• High-growth, profitable, free cash flow positive business model, capable of self-sustainable funding of organic growth plan.
• Strong sales growth, driven by secular demand from top global technology firms.
• Robust year-to-date revenue growth driven by relationships with customers that include some of the largest, global blue-chip Tier 1 technology brands.
• Substantial order book supports sustainable growth momentum for 2024 and beyond.
• Premium product with stellar unit economics and increasing scale benefits, generating industry-leading EBITDA margins.
  

Well-Positioned in Large and Growing Markets

The SCHMID Group N.V. maintains a differentiated position within its end markets due to its premium product and pricing, growing scale efficiencies, and expansion potential due to customer and sector trends (the market estimates are based on the Company's own analysis using third-party data from a leading international consultancy):