PROPERTY SOLUTIONS ACQUISITION CORP. ANNOUNCES SECURITIES TO COMMENCE SEPARATE TRADING
August 26 2020 - 4:30PM
Property Solutions Acquisition Corp. (NASDAQ: PSACU) (the
“Company”) announced today that separate trading of its shares of
common stock and warrants underlying the Company’s units would
commence on or about August 28, 2020. The common stock and warrants
will be traded on the Nasdaq Capital Market (“Nasdaq”) under the
symbols “PSAC” and “PSACW”, respectively. No fractional warrants
will be issued upon separation of the units and only whole warrants
will trade. Units not separated will continue to be listed on
Nasdaq under the symbol “PSACU.”
Property Solutions Acquisition Corp. is a blank
check company organized for the purpose of effecting a merger,
share exchange, asset acquisition, stock purchase,
recapitalization, reorganization, or other similar business
combination with one or more businesses or entities. The Company
may pursue a business combination opportunity in any business or
industry it chooses, although it currently intends to focus on
target companies that service the real estate industry, including
property technology.
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 includes forward-looking
statements that involve risks and uncertainties. Forward looking
statements are statements that are not historical facts. Such
forward-looking statements are subject to risks and uncertainties
which could cause actual results to differ from the forward looking
statements, including those set forth in the risk factors section
of the prospectus used in connection with the Company’s initial
public offering. The Company expressly disclaims any obligations or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in the Company’s expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is
based, except as required by law.
* * *
Contact:
Jordan VogelChairman and Co-Chief Executive OfficerProperty
Solutions Acquisition Corp.(646) 502-9845
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