PROPERTY SOLUTIONS ACQUISITION CORP. ANNOUNCES SECURITIES TO COMMENCE SEPARATE TRADING

New York, NY, Aug. 26, 2020 (GLOBE NEWSWIRE) -- 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.

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Contact:

Jordan Vogel
Chairman and Co-Chief Executive Officer
Property Solutions Acquisition Corp.
(646) 502-9845