Property Solutions Acquisition II closed its upsized IPO of 30 million units at $10 each — an upsize of 5 million more units than expected.
Units trade on the Nasdaq under PSAGU. Each consists of one share of Class A common stock and one-fourth of one redeemable warrant, with whole warrants exercisable to purchase one share of Class A common stock. The company did not specific the exercise price.
Once the securities comprising the units begin separate trading, stock and redeemable warrants are expected to list under PSAG and PSAGW, respectively.
The proptech-focused SPAC will target technology companies that service the real estate industry. Read more.
