Property Solutions Acquisition Corp. II Securities to Commence Separate Trading

Rhea-AI Summary

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.

Positive

• The separation of stock and warrants allows for greater investment flexibility.
• Focus on acquiring businesses in the real estate industry may present strategic opportunities.

Negative

• The company is newly incorporated and has no operating history, introducing investment risks.
• Potential dilution concerns arise from future equity offerings related to acquisitions.

Property Solutions Acquisition Corp. II (Nasdaq: PSAGU) (the “Company”) announced today that separate trading of its Class A common stock and warrants underlying the Company’s units would commence on or about April 9, 2021. The common stock and warrants will trade under the symbols “PSAG” and “PSAGW”, respectively. Units not separated will continue to be listed on the Nasdaq Capital Market under the symbol “PSAGU”.

Property Solutions Acquisition Corp. II is a newly incorporated blank check company, incorporated as a Delaware company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. While Property Solutions Acquisition Corp. II may pursue an acquisition opportunity in any business, industry, sector or geographical location, Property Solutions Acquisition Corp. II intends to seek to acquire businesses that service the real estate industry.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward Looking Statements

This press release contains statements that constitute “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements are subject to numerous risks and conditions, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s registration statement and other filings with the Securities and Exchange Commission and, therefore, actual results could differ materially from those projected in the forward-looking statements. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210407006037/en/

FAQ

What is the significance of the stock and warrant separation for PSAGU?

The separation enables investors to trade the Class A common stock and warrants independently, potentially enhancing liquidity and investment options.

When will the new trading symbols for PSAGU be effective?

The separate trading of Class A common stock and warrants will commence on April 9, 2021.

What sectors does Property Solutions Acquisition Corp. II intend to target for acquisitions?

The company aims to acquire businesses primarily servicing the real estate industry.

Are there any risks associated with investing in PSAGU?

Yes, as a newly incorporated blank check company, there are significant risks including lack of operational history and potential dilution.