Property Solutions Acquisition II priced its IPO of 30 million units at $10 each. The SPAc offered 5 million more units than anticipated.
Units begin trading today on the Nasdaq under PSAGU.
The proptech-focused SPAC will target technology companies that service the real estate industry.
Chairman and co-CEO Jordan Vogel has been actively investing in and managing residential real estate in New York City since 2001. Vogel has served as chairman of the board of directors, co-CEO and secretary of Property Solutions I since February 2020. His first SPAC announced a definitive agreement in January for a business combination with EV startup Faraday Future valued at $1 billion. Read more.
