Notification That Annual Report Will Be Submitted Late (nt 10-k)
March 31 2022 - 6:25AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE
FILING
001-40087
Commission File Number
(Check One): |
x Form
10-K ¨ Form 20-F ¨
Form 11-K ¨ Form 10-Q
¨
Form 10-D ¨ Form N-SAR ¨
Form N-CSR |
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For Period Ended: December 31, 2021 |
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¨ Transition Report on Form 10-K |
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¨ Transition Report on Form 20-F |
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¨ Transition Report on Form 11-K |
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¨ Transition Report on Form 10-Q |
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¨ Transition Report on Form N-SAR |
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For the Transition Period Ended: N/A |
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Nothing in this form shall be construed
to imply that the Commission has verified any information contained herein. |
If the notification relates to a portion of
the filing checked above, identify the Item(s) to which the notification relates: N/A
PART I — REGISTRANT
INFORMATION
Full Name of Registrant:
Property Solutions
Acquisition Corp. II
Former Name if Applicable:
N/A
Address of Principal
Executive Office (Street and Number):
654 Madison Avenue,
Suite 1009
City, State and Zip
Code:
New York, New York,
10065
PART II — RULES 12b-25(b) AND
(c)
If the subject report
could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following
should be completed. (Check box if appropriate)
x | (a) | The reasons described in reasonable detail in Part III of
this form could not be eliminated without unreasonable effort or expense; |
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x | (b) | The subject annual report, semi-annual report, transition
report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof,
will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition
report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof will be filed on or before the
fifth calendar day following the prescribed due date; and |
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¨ | (c) | The accountant’s statement or other exhibit required
by Rule 12b-25(c) has been attached, if applicable. |
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PART III — NARRATIVE
State below in reasonable
detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report
or portion thereof, could not be filed within the prescribed time period.
Property Solutions Acquisition
Corp. II (the “Company”) has determined that it is unable, without unreasonable effort or expense, to file its Annual
Report on Form 10-K for the fiscal year ended December 31, 2021 (the “Annual Report”) by the prescribed due
date for the reasons described below.
The Company requires
additional time to complete its final review of its financial statements and other disclosures in the Annual Report. The Company is working
diligently to complete the Annual Report and the Company currently expects to file its Annual Report on Form 10-K for the fiscal period
ended December 31, 2021 within the fifteen-day extension period provided under Rule 12b-25 of the Securities Exchange Act of 1934, as
amended.
PART IV — OTHER
INFORMATION
(1) |
Name and telephone number of person to contact in regard to this notification |
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Jordan Vogel |
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(646) |
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502-9845 |
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(Name) |
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(Area Code) |
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(Telephone Number) |
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(2) |
Have all other periodic reports required under Section 13 or 15(d)
of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such
shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s).
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Yes ¨ No |
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(3) |
Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? ☐ Yes ☒ No |
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If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made. |
Cautionary Note on Forward-Looking Statements
Certain statements included in this Current Report on Form 12b-25,
which are not historical facts, are forward-looking statements. Such forward-looking statements speak only as of the date of this Current
Report. These forward-looking statements can be identified by the use of forward-looking terminology, including the words “expects,”
“may,” “will,” “projects,” or “should,” or, in each case, their negative or other variations
or comparable terminology. There can be no assurance that actual results will not materially differ from expectations. Such statements
include, but are not limited to, any statements relating to our ability to consummate any acquisition or other business combination and
any other statements that are not statements of current or historical facts. These statements are based on management’s current
expectations, but actual results may differ materially due to various factors, including, but not limited to, a variety of risk factors
affecting the Company’s business and prospects disclosed in the Company’s annual, quarterly reports and subsequent reports
filed with the SEC, as amended from time to time. The forward-looking statements contained in this Current Report are based on our current
expectations and beliefs concerning future developments and their potential effects on us. Future developments affecting us may not be
those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our
control) and other assumptions that may cause actual results or performance to be materially different from those expressed or implied
by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described under the
heading “Risk Factors” in the Company’s annual, quarterly reports and subsequent reports filed with the SEC, as amended
from time to time. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual
results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or
revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under
applicable securities laws. These risks and others described under “Risk Factors” in the Company’s annual, quarterly
reports and subsequent reports filed with the SEC, as amended from time to time may not be exhaustive.
Property Solutions
Acquisition Corp. II
(Name of Registrant as
specified in charter)
has caused this notification to be signed
on its behalf by the undersigned hereunto duly authorized.
Date: March 30, 2022 |
By: |
/s/ Jordan Vogel |
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Name: |
Jordan Vogel |
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Title: |
Chief Financial Officer |
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