On March 3, 2021, Property Solutions Acquisition Corp. II (NasdaqCM:PSAG.U) closed the transaction. The company issued 655,000 units for gross proceeds of $6,550,000 to Property Solutions Acquisition Sponsor II, Llc and 150,000 units for proceeds of $1,500,000 to EarlyBirdCapital Inc., Investment Arm for aggregate proceeds of $8,050,000. The securities are issued pursuant to exempt from registration under the Securities Act in reliance upon Section 4(a)(2) of the Securities Act.