Property Solutions Acquisition Corp. II
PSAGW
NASDAQ Capital Market0.00
USD
- -
- -
CIK
0001833235
Return %
Stock
S&P500
1Y
-99.22
26.53
3Y
-99.80
76.60
5Y
-99.80
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.- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- IPO Date
- Apr 9, 2021
- CIK
- 0001833235
- Similar Companies
- Business
- Property Solutions Acquisition Corp. II operates as a blank check company whose purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Incorporated in Delaware in 2020 and headquartered at 654 Madison Avenue, Suite 1009, New York, New York, the company focuses on target businesses that service the real estate industry, including real estate service companies and property technology firms; it conducts no substantive operations or generates revenues prior to completing an initial business combination. The company's securities, including Class A common stock (PSAG), units (PSAGU), and warrants (PSAGW), were listed on Nasdaq following its upsized $300 million initial public offering in March 2021, underwritten by EarlyBirdCapital. In December 2022, following the failure to complete a business combination within the required timeframe and stockholder approval of a charter amendment, the company redeemed all outstanding public shares, ceased operations except those necessary to wind up its affairs, and liquidated its trust account, with trading of its securities on Nasdaq effectively concluding thereafter. Co-chief executive officers Jordan Vogel and Aaron Feldman, along with key directors, led the blank check entity sponsored by affiliates of Benchmark Real Estate Group, which previously sponsored Property Solutions Acquisition Corp., a separate SPAC that merged with Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) in 2021.