Property Solutions Acquisition Corp. (PSACU), announced the pricing of their $200 million IPO tonight and the units are expected to begin trading tomorrow, Wednesday, July 22nd, under the symbol Nasdaq: PSACU
Property Solutions Acquisition Corp. intends to focus on target businesses that service the real estate industry and will be led by Jordan Vogel, as Chairman and Co-Chief Executive Officer and Secretary, and Aaron Feldman, as Co-Chief Executive Officer, Treasurer and Director.
Total SPAC deal count for 2020 year-to-date is now 46 with $14.3 billion in gross proceeds raised. The offering is anticipated to close on Friday, July 24, 2020.
EarlyBirdCapital, Inc. acted as sole book-running manager of the offering. I-Bankers Securities, Inc. is acting as co-manager of the offering. Graubard Miller and Ellenoff Grossman & Schole LLP, were Issuer’s Counsel and Underwriter’s Counsel, respectively. Marcum LLP acted as auditor.
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Rice II (NYSE: RONI) announced in an 8-K today that its shareholders have approved its combination with energy technology company NET Power with relatively low redemptions. In the end, 21,195,224 shares were redeemed in connection vote, removing 61% of Rice II’s trust. This is the second best result among the 32 deals that have come...
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Tracking SPACs and all of their various types of “corporate actions” can be challenging. After all, a SPAC can postpone, adjourn, extend, complete, liquidate early, do a tender offer, and in some cases, one SPAC do all of those actions within its lifespan. Naturally, this can be challenging to manage. More importantly, it can very...
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