PropTech Acquisition Corporation
Status: Deal Closed
U=S+W/2
W=S@11.5
| IPO Proceeds, $M | $172.50M |
|---|---|
| IPO Date | Nov 22, 2019 |
| CEO | Thomas D. Hennessy; M. Joseph Beck |
| Left Lead | Cantor Fitzgerald |
| IPO Cash in Trust | 100.0% |
| SPAC Tenor | 18 months |
| IPO Sector |
Real Estate
PropTech (businesses that provide technological innovation to the real estate industry) |
| IPO Geography | Global |
| Target Company | Porch.com |
| Deal Announced | Jul 31, 2020 |
| Deal Size, $M | $645.00M |
| Deal Sector | Real Estate |
| Deal Geography | US/Canada |
| SEC Filings | www.sec.gov |
| Approval Vote | Dec 21, 2020 |
| Amendment Vote | TBD |
| Closing Date | Dec 23, 2020 |
Formerly PTAC
PRCH
PRCHW
| Price | $3.40 |
|---|---|
| Last closing price | $2.97 |
| H/L, today | $3.00 / $3.56 |
| H/L, 52-week | $0.50 / $3.99 |
| Volume, today | 2,912,543 |
| Volume, 3-month avg. | N/A |
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- Structure and cap table
- 8 directors & officers
- 34 filings and events
- 1 underwriters
- 4 deal advisors
- 2 legal advisors
Structure
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Team
| Name | Age | Title |
|---|---|---|
| Thomas D. Hennessy | 34 | Chairman of the Board, Co-Chief Executive Officer and President |
| M. Joseph Beck | 34 | Co-Chief Executive Officer, Chief Financial Officer and Director |
| Jack Leeney | 34 | Director |
| Courtney Robinson | 35 | Director |
| Margaret Whelan | 47 | Director |
| Mark Farrell | 45 | Director |
| Daniel J. Hennessy | 61 | Senior Advisor |
| Greg Ethridge | 43 | Senior Advisor |
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Advisors
Underwriters
| Cantor Fitzgerald | BR | 15,000,000 | units |
| 15,000,000 | units | ||
| Up-Front UW fee | 2.00 | % | |
| Deferred UW fee |
3.50 | % |
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Deal
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