NASDAQ: PTICU Investment II, Hennessy Capital ‘s second blank check company to concentrate on the property technology market, proposed Wednesday to the SEC a provision of a public bid of up to $175 million. With 17.5 million units available for $10 million, the firm, NY-based Wilson, plans to collect US$ 175 million. Each unit has a common stock share and a third share of the warrant, which is exercisable at $11.50. The value of the contract will be $219 million for NASDAQ: PTICU Investment II.
The business will be managed by Co-CE Office, Thomas Hennessy and CFO, as well as Joseph Beck, CEO, who have worked at Hennessy Capital and previously as fund managers of ADIA, as partner of real estate strategies. PropTech Acquisition (PTAC) is currently in development with a merger with home services company Porch.com. The SPAC first property technology co-CEOs are promising +5% from a $10 offering point.
Actively awaiting a merger with home appliances supplier Porch.com (PTAC; +5 per cent off the $10 bid price). Daniel Hennessy will act as a senior advisor, a position also filled by Hennessy Capital founder and CEO for PropTech. The new one was in February 2019 the IPO Hennessy Capital Acquisition IV (HCAC; +5%), which has not yet been introduced in accordance with Canoe. Daniel Hennessy has led many other CANAS.
The investment analysis
NASDAQ: PTICU Investment II will aim to invest in firms providing advanced technologies, hardware, goods, activities or facilities technologically capable of improving land ownership, funding, appraisal, operations, management, leasing, insurance, etc.PropTech Investment II was formed in 2020 and plans to list Nasdaq under the PTICU symbol. On 3 September 2020, the corporation filed in trust. The only assets is Cantor Fitzgerald.
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