SPACInsider Logo
PropTech Investment Corporation II (PTICU) Prices Upsized $200M IPO
by Nicholas Alan Clayton on 2020-12-03 at 6:40pm

PropTech Investment Corporation II announced the pricing of its $200 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “PTICU” tomorrow, Friday, December 4.

The new company aims to combine with a high-growth target valued above $500 million that provides technological innovation to the real estate industry. PropTech Investment is led by Chairman, Co-CEO and President Thomas D. Hennessy alongside Co-CEO, CFO and Director M. Joseph Beck.

Total SPAC deal count for 2020 year-to-date is now 209 with $72.1 billion in gross proceeds raised. This offering is expected to close on Tuesday, December 8.


Cantor Fitzgerald & Co. is acting as the sole book running manager for the offering. Northland Capital Markets is acting as lead manager. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Graubard Miller serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.

Recent Posts
by Marlena Haddad on 2023-06-01 at 5:33pm

Latest SPAC Liquidations: JAWS Hurricane JAWS Hurricane Acquisition Corporation (HCNE) to Liquidate on June 16 JAWS Hurricane Acquisition Corporation (Nasdaq: HCNE) today announced that its board of directors has determined not to proceed with a proposal to extend its corporate existence. As such, the Board has determined to cancel the special meeting of its stockholders,...

by Marlena Haddad on 2023-06-01 at 5:26pm

Jupiter Wellness Acquisition Corp. (NASDAQ:JWAC) announced this afternoon that it has completed its combination with Chinese carmaker Chijet. The deal was already approved by shareholders at a special meeting held on May 2, but at that time, the SPAC did not provide a timeline for the closing of the transaction. Although redemption numbers have still not...

by Nicholas Alan Clayton on 2023-06-01 at 2:41pm

The advent of summer is bringing nine lock-up expirations for de-SPAC’d companies and 10 on the sponsor side. The first change is to come for the sponsor of European Biotech Acquisition Corp., which closed its combination with Swiss pharma firm Oculis SA (NASDAQ:OCS) just three months ago. The sponsor is getting flexibility at a good...

by Marlena Haddad on 2023-06-01 at 11:34am

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.  Latest SPAC News: Lucid to raise $3B in a common stock offering from Saudi owners, Betsy Cohen says SPACs will make a comeback, and SatixFy makes another leadership change  Lucid Raising $3 Billion With More Money From...

by Kristi Marvin on 2023-06-01 at 9:36am

An article on Bloomberg yesterday announced what many in SPAC Land have been wondering after UBS acquired Credit Suisse – where was Niron Stabinsky, the Head of SPACs at Credit Suisse, going to land? The answer is Banco Santander SA, in what appears to be a massive lift of most (or nearly all) of Credit...

Privacy Policy|Terms Of Use
Copyright © 2023 SPACInsider, Inc. All Rights Reserved