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PSAGU News

SPAC cracks: 6 new SPACs break issue in Thursday IPOs

SPACs became a casualty of the broader market sell-off on Thursday, as six of the day's nine SPACs finished below issue. Before last week, the SPAC market had gone two months without a deal going negative on its first day, a stretch of 200+ SPACs. The six included HERAU, AURCU, ACAHU, PSAGU, RXRAU, TRCA.U, the worst of which closed 1.5% below issue. The two deals...read more

Real estate-focused SPAC Property Solutions II prices upsized $300 million IPO

PSAGU

Property Solutions Acquisition II, the second blank check company formed by Benchmark Real Estate Group targeting the real estate industry, raised $300 million by offering 30 million units at $10. The company offered 5 million more units than anticipated. Each unit consists of one share of common stock and one-fourth of a warrant, exercisable at $11.50. The company is led by...read more

Real estate SPAC Property Solutions Acquisition II files for a $250 million IPO

PSAGU

Property Solutions Acquisition II, the second blank check company formed by Benchmark Real Estate Group targeting the real estate industry, filed on Friday with the SEC to raise up to $250 million in an initial public offering. The New York, NY-based company plans to raise $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and...read more

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