PropTech Acquisition Corp
Completed 2020-12-23- CIK 1784535
- PTAC
- Now PRCH
- IPO 2019-11-22
- 649 filings
Successfully merged with Homeowners of America Holding Corporation (HOA) • Now trading as PRCH
- IPO Size
- $173M
- raised at the IPO
- Current Status
- Completed
- from its latest filing
- IPO Year
- 2019
- year it listed
Filings, by quarter
649 filings over 30 quarters; violet bars carry a milestone
- 19 Q3: 1 filing
- 19 Q4: 25 filings
- 20 Q1: 10 filings
- 20 Q2: 1 filing
- 20 Q3: 5 filings
- 20 Q4: 58 filings
- 21 Q1: 34 filings
- 21 Q2: 33 filings
- 21 Q3: 27 filings
- 21 Q4: 29 filings
- 22 Q1: 35 filings
- 22 Q2: 28 filings
- 22 Q3: 13 filings
- 22 Q4: 20 filings
- 23 Q1: 20 filings
- 23 Q2: 27 filings
- 23 Q3: 21 filings
- 23 Q4: 11 filings
- 24 Q1: 19 filings
- 24 Q2: 32 filings
- 24 Q3: 8 filings
- 24 Q4: 17 filings
- 25 Q1: 11 filings
- 25 Q2: 37 filings
- 25 Q3: 12 filings
- 25 Q4: 14 filings
- 26 Q1: 8 filings
- 26 Q2: 71 filings
- 26 Q3: 12 filings
- 26 Q4: 10 filings
- S-1 filed 19 Q3
- IPO 19 Q4
- Definitive agreement 20 Q3
- Completed 20 Q4
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
PropTech Acquisition Corporation is a newly organized blank-check company seeking a business combination. It intends to concentrate on businesses providing technological innovation to the real estate industry, especially technology solutions that improve real estate ownership, financing, operations and related functions.
Investment Focus
PropTech
Geographic Focus
United States
Key Information
As the filings state it
- IPO Date
- 2019-11-22
- Total Redemptions
- $4K
- PIPE
- $150M
- SIC
- 6770
- Completion Date
- 2020-12-23
- Merger Target
- Homeowners of America Holding Corporation (HOA)
- SPAC Ticker
- PTAC
- Merged Ticker
- PRCH
Stock Performance
PRCHTrading symbol, and its price at each step since the first trade
| Point | Date | Price | Move |
|---|---|---|---|
| First Trade | 2020-01-13 | $9.90 | |
| At Merger | 2020-12-24 | $15.03 | +52% |
| 6 Months Post-Merger | 2021-06-25 | $19.11 | +27% |
| 1 Year Post-Merger | 2021-12-27 | $17.42 | +16% |
| 2 Years Post-Merger | 2022-12-27 | $1.57 | -90% |
| Current Price | 2026-10-16 | $17.50 | +77% |
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
Led by co-CEOs Thomas D. Hennessy and M. Joseph Beck, whose backgrounds include U.S. real estate investing and PropTech at ADIA and Hennessy Capital. The team also includes independent directors with venture capital, real estate, investment banking and operating experience, and senior advisors with prior SPAC and private-equity experience.