Property Solutions Acquisition Corp. II Announces Pricing of Upsized $300 Million Initial Public Offering
04 Marzo 2021 - 8:48PM
Business Wire
March 3, 2021 – Property Solutions Acquisition Corp. II (the
“Company”), a special purpose acquisition company, today announced
the pricing of its upsized initial public offering of 30,000,000
units, at a price to the public of $10.00 per unit. The units are
expected to begin trading on The Nasdaq Capital Market (“Nasdaq”)
on March 4, 2021 under the symbol “PSAGU”. The offering is expected
to close on March 8, 2021, subject to customary closing
conditions.
Each unit consists of one share of Class A common stock and
one-fourth of one redeemable warrant, with each whole warrant
entitling the holder thereof to purchase one share of Class A
common stock. Once the securities comprising the units begin
separate trading, the Class A common stock and redeemable warrants
are expected to be traded on Nasdaq under the symbols “PSAG” and
“PSAGW,” respectively.
EarlyBirdCapital, Inc. is acting as the sole book-running
manager for the offering. The Company has granted the underwriters
a 45-day option from the date of the final prospectus for the
offering to purchase up to 4,500,000 additional units at the
initial public offering price to cover over-allotments, which the
underwriters chose to exercise.
A registration statement relating to the securities became
effective on March 3, 2021. The offering is being made only by
means of a prospectus. Copies of the prospectus may be obtained,
when available, for free by visiting EDGAR on the Securities and
Exchange Commission (the “SEC”) website at www.sec.gov.
Alternatively, copies may be obtained, when available, from
EarlyBirdCapital, Inc., 366 Madison Avenue, 8th Floor, New York, NY
10017, Attn: Syndicate Department, 212-661-0200. Copies of the
registration statement can be accessed through the SEC’s website at
www.sec.gov.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
About Property Solutions Acquisition Corp. II
Property Solutions Acquisition Corp. II is a newly organized
blank check company incorporated as a Delaware corporation for the
purpose of effecting a merger, capital stock exchange, asset
acquisition, stock purchase, reorganization or similar business
combination with one or more businesses or entities. Although the
Company may pursue a business combination opportunity in any
business, industry, sector or geographical location it chooses, it
currently intends to focus on target companies that service the
real estate industry, including property technology.
Cautionary Statement Concerning Forward-Looking
Statements
This press release contains statements that constitute
“forward-looking statements,” including statements regarding the
initial public offering and search for a business combination. No
assurance can be given that the offering discussed above will be
completed on the terms described, or at all. Forward-looking
statements are subject to numerous conditions, many of which are
beyond the control of the Company, including those set forth in the
“Risk Factors” section of the Company’s registration statement and
prospectus for the offering filed with the SEC. Copies are
available on the SEC’s website, www.sec.gov. The Company undertakes
no obligation to update these statements for revisions or changes
after the date of this release, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20210304005995/en/
Jordan Vogel jordan@benchmarkrealestate.com
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