Property Solutions Acquisition Corp. II (NasdaqCM:PSAG.U) announced that it has entered into units purchase agreement of private placement of 580,000 units at a price of $10 per unit for gross proceeds of $5,800,000 on February 4, 2021. The company will grant an over-allotment option to purchase 636,250 units. The transaction will include participation from EarlyBirdCapital Inc., Investment Arm for 125,000 units or 143,750 units if the underwriters’ over-allotment option is exercised in full and returning investor Property Solutions Acquisition Sponsor II, Llc. Each private placement unit Consist of one Class A common stock, par value $0.0001 per share and one-third of one redeemable warrant. The private placement shares included in the private placement units will be non-redeemable. Each warrant exercisable to purchase one share of its Class A common stock at $11.50 per share. The warrants will expire five years after the completion of a business combination or earlier upon redemption or liquidation. The private placement warrants will be non-redeemable for cash and exercisable on a cashless basis so long as the investor or its permitted transferees hold them. Once the warrants become exercisable, the company may redeem the outstanding warrants subject to conditions. The securities are subject to a hold period of 30 days.