Property Solutions Acquisition Corp. (PSACU) Prices $200M IPO


Property Solutions Acquisition Corp. (PSACU) Prices $200M IPO

Jul 21, 2020 INTEL by Kristi Marvin

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.