The SPAC boom isn’t just here to stay, it’s changing consumer tech Mike Murphy Contributor Mike Murphy is the founder and CEO of Rosecliff Ventures, a New York City-based investment firm focused on venture capital and private equity opportunities.
Consumer technology is an inherently risky investment sector: even the best idea can fall flat if the story of the product is not sold properly to the end user. The stats can only take you so far, and, eventually, customers want to believe in the product.
Traditionally, companies that have successfully told their story and become market leaders have taken the initial public offering route pitching their story to institutional investors on banker-led roadshows rather than to the people that buy their products.
Pegasus Acquisition Company Europe B.V.: Pegasus Europe successfully raises €500m in a private placement
Largest European SPAC to date
Pegasus intends to target a high potential business combination partner in the European financial services industry
Strong Sponsor alignment with shareholders, committing in excess of €165 million, including unconditional €100 million Forward Purchase Agreement at the time of a business combination from institutional sponsors Tikehau Capital and Financière Agache
AMSTERDAM, April 29, 2021 (GLOBE NEWSWIRE) Pegasus Acquisition Company Europe B.V. (
Pegasus ), the Special Purpose Acquisition Company (SPAC) focused on opportunities in the European financial services industry, today announced that it has successfully raised €500 million in a private placement, making it the largest European SPAC to date. Pegasus will start trading on Euronext Amsterdam this morning.
Disclaimer
This press release contains information that qualifies or may have qualified as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
These materials are not for release, distribution or publication, whether directly or indirectly and whether in whole or in part, in or into the United States (as defined in Rule 902 of Regulation S under the U.S. Securities Act of 1933, as amended Canada, Australia, Japan or South Africa or any other jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction.
These materials are for information purposes only and are not intended to constitute, and should not be construed as, an offer to sell or a solicitation of any offer to buy the securities of Pegasus Acquisition Company Europe B.V. (the
Pegasus Acquisition Company Europe B.V Lists On Euronext Amsterdam - Third SPAC Listing Of 2021 On Euronext â Market Capitalisation Of â¬500 Million Date
29/04/2021
Euronext today congratulates Pegasus Acquisition Company Europe B.V., the Special Purpose Acquisition Company (SPAC) focused on the European financial services industry, on its listing on Euronext Amsterdam (ticker code: PACE).
Pegasus Acquisition Company Europe intends to form a partnership with a financial services company that offers strong profit growth potential, either through consolidation or organic growth that could be accelerated via a listing, access to capital, and strategic guidance. The SPAC will target either unique digital models or companies that benefit from tailwinds in the three verticals of Investment Management, Insurance and Diversified Financials, leveraging on the recognised industry expertise, deal sourcing and execution capabilities of its four sponsors.
Update on Enerox GmbH Investment Bushveld Minerals Limited (AIM: BMN), the AIM-quoted, integrated primary vanadium producer and energy storage solutions provider, with ownership of high-grade assets in South Africa ( Bushveld Minerals ), is pleased to announce an investment by Mustang Energy Plc ( Mustang ; LON: MUST ), into VRFB Holdings Limited ( VRFB-H ) to acquire an indirect interest of 11.05 per cent in Enerox GmbH ( Enerox ). Enerox is a Vanadium Redox Flow Battery ( VRFB ) manufacturer providing grid scale and micro-grid energy storage solutions. The Company also announces the completion of the investment by VRFB-H into the 100 per cent holding company for Enerox, Enerox Holdings Limited ( EHL ).