Property Solutions Acquisition Corp. II
PSAG
NASDAQ Capital Market10.08
USD
-0.02
- -
CIK
0001833235
Return %
Stock
S&P500
1Y
3.92
26.53
3Y
3.17
76.60
5Y
3.17
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Jordan D. Vogel
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 654 Madison Avenue New York City NY United States of America 10065
- CIK
- 0001833235
- Similar Companies
- Business
- Property Solutions Acquisition Corp. II is a special purpose acquisition company (SPAC) formed in 2020 and headquartered in New York, New York. The company focuses on effecting mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations primarily with businesses servicing the real estate industry, including property technology. It operates as a blank check company and does not generate revenues or engage in substantive business operations directly. The company completed an upsized initial public offering in March 2021, raising $300 million, which it placed in trust for future business combinations. Recently, in late 2022, Property Solutions Acquisition Corp. II approved an amendment agreeing to redeem public shares and cease most operations, leading to its securities being delisted from Nasdaq and its registration termination process underway. This marks a significant operational wind-down following limited business activity since its inception. The company’s strategic shifts in recent years center on the pursuit of a real estate service industry target, while it has not disclosed any definitive business combination targets or acquisitions to date. It maintains its intention to focus investments within the real estate and related technology sectors. Key leadership includes co-CEOs Aaron Feldman and Jordan Vogel. The company acts as an investment holding vehicle aiming to complete a merger or acquisition within its targeted industry segment. No major product sales lines exist, as it functions solely as a vehicle for acquisition and capital deployment in real estate services.
Property Solutions Acquisition Corp. II Will Redeem Public Shares
Property Solutions Acquisition Corp. II Receives Expected Notice from Nasdaq Regarding Delayed Quarterly Report