PropTech Investment Corporation II
closedU=S+W/3W=S@11.50
PTIC
Capital Structure & Economics
Trust Size$230,000,000
Unit Price$10.00
Warrant Coverage1/3
Sponsor Promote20%
Implied Equity Architecture
Capital Allocation Baseline
Trust (100.0%)
Implied Dilution Drag
33% Warrant Inclusion| Public Trust Allocation | $230,000,000 |
| Sponsor At-Risk Capital | N/A |
| Total Underwriting Discount | N/A |
| Trust Per Unit (Implied) | $10.00 |
| Sponsor Promote Allocation | 20% |
Deal Lifecycle
IPO PricedOct 14, 2020
Target AnnouncedMay 17, 2022
Maturation Wall
N/A
Announced Target / M&A
- Target CompanyRenters Warehouse
- SectorSingle-Family Rental Services
- Announced Deal Size$416,100,000
- Announcement Date2022-05-17
Board & Officers
- CEO
- Christopher LaurenceOfficer
- Kevin OrtnerOfficer
- Nolan JacobsonOfficer
- Todd JableOfficer
- R. Joseph BeckOfficer
- Officer
- Officer
- Director
- Director
- Director
- Director
- Director
- Director
- Director
Advanced Structuring Terms
| Target Sectors | Single-Family Rental Services |
Syndicate & Advisors
- LEAD
- CF Principal Investments LLCLEAD
Interactive Deal Modeling
Base financial constraints (Trust Size, Warrants, Promote) are pre-loaded into the calculation engines. Proceed to model implied dilution and advisory friction limits.