0000000000-21-002302.txt : 20210331 0000000000-21-002302.hdr.sgml : 20210331 20210225163018 ACCESSION NUMBER: 0000000000-21-002302 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20210225 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: Property Solutions Acquisition Corp. II CENTRAL INDEX KEY: 0001833235 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 853851769 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 64 MADISON AVE, SUITE 1009 CITY: NEW YORK STATE: NY ZIP: 10065 BUSINESS PHONE: (646) 502-9845 MAIL ADDRESS: STREET 1: 64 MADISON AVE, SUITE 1009 CITY: NEW YORK STATE: NY ZIP: 10065 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4*)>+CS],*,2 P(&]B:@H\/"]4>7!E+UA/8FIE8W0O0V]L;W)3 M<&%C92]$979I8V5',Z%$;3 BU,"VEA6J % M6J %6J %6J %6J %6O ]*WOEK(,D*\X#9H:[]P]6<&19EAU+^GP>RR(B(B(B M(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B+_-A\?'^_O[V]O;Z^OKR\' MGI^?GP[$AY="%(AB43AV^=.M%A$1$1$1$9$?2,H4S\_/CX^/]_?WOP[<'=E- MR6+L]?OW[ZCAZ>GI]?5504-$1$1$1$1$+N;M[>WIZ>GAX6&_WS<"Q:]?O^[O M[^.KQW.(\K]__VZJBLJ1,EY>7M0Q1$1$1$1$1&3"Q\<'QA6_?__&K *98K_? 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M$]O%XR_C/[P\*?TGD!:._8A8ZX;=(+=-8>Z;^]=O4]I*FUILM)D:IQ]XU1U: MW^5;YF4@,30O1FEL=&5R+T9L871E M1&5C;V1E/CYS=')E86T*>)QC8&#X_Y^1@9^!@9%)DH&!B8&#@0E$,#.F'()P M64 $ V-Q,Y#(^@418V0LB@!RB]H80.#_?P <%0FL"F5N9'-T')E9@HR.3@X.0HE)45/1@H! end TEXT-EXTRACT 2 filename2.txt United States securities and exchange commission logo February 25, 2021 Jordan Vogel Co-Chief Executive Officer Property Solutions Acquisition Corp. II 654 Madison Avenue, Suite 1009 New York, NY 10065 Re: Property Solutions Acquisition Corp. II Amendment No. 1 to Registration Statement on Form S-1 Filed February 19, 2021 File No. 333-252763 Dear Mr. Vogel: We have reviewed your amended registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our February 17, 2021 letter. Form S-1/A1 filed February 19, 2021 Cover Page Calculation of Registration Fee, page 0 1. We note within the table that each unit is described as consisting of one share of Class A common stock and 1/3, instead of 1/4, of a redeemable warrant. Please revise. Risk Factors Our warrant agreement will designate the courts of the State of New York..., page 45 2. We note your revised disclosure that the exclusive forum provision in your warrant agreement will not apply to suits brought to enforce any liability or duty created by the Exchange Act or any other claim for which the federal district courts are the sole and Jordan Vogel Property Solutions Acquisition Corp. II February 25, 2021 Page 2 exclusive forum. Please also ensure that the provision in the warrant agreement states this clearly. In that regard, we note that you have not revised the form of warrant agreement filed as Exhibit 4.4. Refer to prior comment 4. Management, page 93 3. Please revise to clarify whether Messrs. Amsterdam, Savar and Abush are current directors. In that regard, we note that such individuals are identified in your prospectus as current directors, but also note that blanks remain in the prospectus as to their board service. We also note that they have not signed the registration statement, and that they have each consented to being named in the registration statement as a director nominee. Description of Securities Securities Eligible for Future Sale , page 121 4. Please clarify how you determined that immediately after this offering, you will have 40,773,334 shares of Class A common stock (or 46,810,833 shares of Class A common stock if the underwriters over-allotment option is exercised in full) issued and outstanding on an as-converted basis. Exhibits 5. Please obtain and file a revised legality opinion that opines on the legality of the common stock underlying the warrants included as part of the units. In that regard, we note that you have included such common stock in the fee table. In addition, please ensure that such opinion accurately describes such warrants. For example, we note that the opinion references one-third of one redeemable warrant, but the prospectus references one-fourth of one redeemable warrant. You may contact Joseph Klinko, Staff Accountant, at (202) 551-3824 or Lily Dang, Staff Accountant, at (202) 551-3867 if you have questions regarding comments on the financial statements and related matters. Please contact Anuja A. Majmudar, Attorney-Advisor, at (202) 551-3844 or, in her absence, Laura Nicholson, Special Counsel, at (202) 551-3584 with any other questions. Sincerely, FirstName LastNameJordan Vogel Division of Corporation Finance Comapany NameProperty Solutions Acquisition Corp. II Office of Energy & Transportation February 25, 2021 Page 2 cc: Dan J. Espinoza FirstName LastName