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Property Solutions Acquisition Corp. II (Nasdaq: PSAGU) announced that its Class A common stock and warrants will begin separate trading on April 9, 2021, under the symbols “PSAG” and “PSAGW.” The company, incorporated as a blank check entity in Delaware, aims to pursue acquisitions in the real estate sector. The units will continue to trade on Nasdaq under the symbol “PSAGU.” This press release does not constitute an offer to sell, and the company warns of risks associated with forward-looking statements as detailed in its filings with the SEC.
Property Solutions Acquisition Corp. II has successfully closed its upsized initial public offering (IPO) of 30 million units at $10.00 each, generating gross proceeds of $300 million. The units commenced trading on Nasdaq under the symbol 'PSAGU' on March 4, 2021. Each unit includes one share of Class A common stock and one-fourth of a redeemable warrant. The underwriters have a 45-day option to purchase an additional 4.5 million units. Proceeds are held in trust, and an audited balance sheet will be filed with the SEC.
On March 3, 2021, Property Solutions Acquisition Corp. II announced the pricing of its upsized IPO of 30 million units at $10.00 each, set to trade on Nasdaq under the symbol PSAGU starting March 4, 2021. Each unit comprises one share of Class A common stock and one-fourth of a redeemable warrant. The offering is expected to close on March 8, 2021, pending customary conditions. The underwriters hold an option to purchase an additional 4.5 million units. The company focuses on potential mergers within the real estate sector.
