Welcome to our dedicated page for Proptech Investment Ii news (Ticker: PTICU), a resource for investors and traders seeking the latest updates and insights on Proptech Investment Ii stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Proptech Investment Ii's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Proptech Investment Ii's position in the market.
Trading of Appreciate Securities on Nasdaq to Commence on November 30, 2022
PropTech Investment Corporation II (NASDAQ: PTIC) has completed its business combination with RW National Holdings, LLC, now called Appreciate Holdings, Inc. The combined company will trade under the tickers 'SFR' for common stock and 'SFRWW' for warrants, starting November 30, 2022. Appreciate aims to expand its market presence in the single-family rental sector. CEO Chris Laurence expressed optimism regarding future growth and shareholder returns, supported by a robust business model and a skilled management team.
PropTech Investment Corporation II (NASDAQ: PTIC) announced shareholder approval for its business combination with RW National Holdings, LLC, the parent of Appreciate. The transaction is expected to close on November 22, 2022, with trading of the combined company, named Appreciate Holdings, Inc., commencing on November 23, 2022, under the ticker symbols “SFR” and “SFRWW.” CEO Chris Laurence expressed excitement regarding the listing, aiming to enhance the single-family rental (SFR) market. A celebratory closing bell ringing is scheduled for December 8, 2022.
PropTech Investment Corporation II (NASDAQ: PTIC) announced the filing of a definitive proxy statement with the SEC concerning a proposed business combination with RW National Holdings, LLC (d/b/a Appreciate). The Special Meeting for stockholders is set for November 18, 2022. The merger aims to create a publicly-traded company focusing on real estate technology and single-family rental markets. Post-completion, PTIC will be renamed Appreciate Holdings, Inc., with plans to list under the new ticker symbol “SFR.” Investors are encouraged to review the Proxy Statement for detailed information.
PropTech Investment Corporation II (PTIC) and RW National Holdings, LLC, parent of Appreciate, will host a virtual investor day on September 29, 2022, at 2:00 p.m. ET. The event will feature Appreciate's leadership team and a Q&A session. Following their business combination agreement on May 17, 2022, Appreciate is set to become publicly traded, renaming PTIC to Appreciate Holdings, Inc., with an anticipated listing under the ticker symbol SFR in Q4 2022. Investors are encouraged to register for the event and submit questions prior to the webcast.
PropTech Investment Corporation II (NASDAQ: PTIC) has entered into a definitive agreement to merge with Appreciate, a leading platform in the Single Family Rental (SFR) market. The transaction values the combined entity at an estimated $416 million, with potential access to $159 million in additional net cash for growth. Existing equity holders will roll over up to 100% of their holdings into the new company, which will operate under the ticker symbol 'SFR' upon completion. Appreciate aims to capitalize on a fragmented $145 billion market by providing end-to-end SFR investment solutions.
PropTech Investment Corporation II (NASDAQ: PTICU) announced that starting January 25, 2021, unit holders from its initial public offering can separately trade shares of Class A common stock and related warrants. The Class A common stock will trade under the symbol 'PTIC', while warrants will trade under 'PTICW'. Units that remain intact will continue trading as 'PTICU'. This move allows investors to streamline their trading options, enhancing liquidity for shareholders.
