SCHMID Group (Pegasus Digital Mobility Acquisition) ^{Priced, NYSE: SHMD}

We are a newly incorporated blank check company. next-generation transportation sector. We believe 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. We include both battery electric as well as hydrogen fuel cell electric vehicles as the main modes of zero emission vehicles (“ZEVs”) or electric vehicles (“EVs”), and we define transportation as both the mobility of people and the transportation of goods. While we may pursue an initial business combination target in any stage of its corporate evolution, in any industry and in any geographical location, we intend to focus within our core target sector, as well as within strategically adjacent technologies, applications and services, particularly in the European market. We intend to focus in the European market given our management team’s experience in global markets, including in the European market, which we believe is currently attractive, expansive and underserved and should present abundant potential business combination targets that satisfy our acquisition criteria.