UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE
14A
Proxy
Statement Pursuant to Section 14(a)
of the Securities Exchange Act of 1934
Filed by the Registrant
|
|
☒ |
Filed by a Party other than the Registrant
|
|
☐ |
Check
the appropriate box:
☐ |
|
Preliminary
Proxy Statement |
☐ |
|
Confidential, for Use of
the Commission Only (as permitted by Rule 14a-6(e)(2)) |
☐ |
|
Definitive Proxy Statement |
☐ |
|
Definitive Additional Materials |
☒ |
|
Soliciting Material under
§240.14a-12 |
PROPTECH
INVESTMENT CORPORATION II
(Name of Registrant as Specified In Its Charter)
(Name
of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment
of Filing Fee (Check the appropriate box):
☒ |
|
No fee required. |
☐ |
|
Fee paid previously with
preliminary materials. |
☐ |
|
Fee computed on table in
exhibit required by Item 25(b) per Exchange Act Rules 14a-16(i)(1) and 0-11. |
PropTech
Investment Corporation II and Appreciate to Hold Virtual
Investor Day on Thursday, September 29, 2022, at 2:00 p.m. ET
NEW
YORK, NY and MINNETONKA, MN, – September 15, 2022 – The leadership teams from PropTech Investment Corporation II (NASDAQ:
PTIC) (“PropTech II” or “PTIC”), a special purpose acquisition company targeting category winning businesses
in the real estate technology industry, and RW National Holdings, LLC (d/b/a Appreciate) (“Appreciate” or “the company”),
the parent holding company of Renters Warehouse, a leading end-to-end Single Family Rental (“SFR”) marketplace and management
platform, will host a virtual investor day on Thursday, September 29, 2022 from 2:00 p.m. to 3:30 p.m. Eastern time.
Attendees
will have the opportunity to hear from Appreciate’s leadership team as well as participate in a Q&A session. Please submit
your questions ahead of the webcast to ptic@gatewayir.com.
All
are invited to listen to the event by registering here. A
replay of the investor day will also be available on Appreciate’s corporate website.
PropTech
II and Appreciate Business Combination Summary
On
May 17, 2022, Appreciate entered into a definitive business combination agreement with PTIC, which, will result in Appreciate becoming
a publicly traded company. Upon closing of the transaction, which is expected to occur in Q4 2022, and subject to the terms of the business
combination agreement, PTIC will be renamed “Appreciate Holdings, Inc.” and will apply for listing on the Nasdaq Capital
Market under the new ticker symbol “SFR,” to be effective upon consummation of the transaction.
About
Appreciate
Appreciate,
the parent holding company of Renters Warehouse, is a leading end-to-end SFR marketplace and management platform. The company offers
a full-service platform for investing in and owning SFR properties, including a proprietary online marketplace and full-service brokerage
teams in over 40 markets. For more information, visit appreciate.rent.
About
PropTech Investment Corporation II
PropTech
Investment Corporation II is a special purpose acquisition company with a proven value creation model focused on real estate technology.
PTIC’s mission is to be a strategic growth partner for founders, management, employees and stockholders while adhering to PTIC’s
core values of stewardship, transparency, integrity, and accountability. For more information, visit proptechinvestmentcorp.com.
Forward-Looking
Statements
Certain
statements in this communication may be considered forward-looking statements. Forward-looking statements generally relate to future
events or PTIC’s or Appreciate’s future financial or operating performance, and other “forward-looking statements”
(as such term is defined in the Private Securities Litigation Reform Act of 1995), which include statements relating to the proposed
business combination. In some cases, you can identify forward-looking statements by terminology such as “believe,” “may,”
“will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,”
“should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,”
“future,” “outlook,” or the negatives of these terms or similar expressions that predict or indicate future events
or trends or that are not statements of historical matters. These forward-looking statements are subject to a number of risks and uncertainties,
including the inability of the parties to successfully or timely complete the proposed business combination. If any of these risks materialize
or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements.
| |
These
forward-looking statements are based upon estimates and assumptions that, while considered reasonable by PTIC and its management, and/or
Appreciate and its management, as the case may be, are inherently uncertain. Factors that may cause actual results to differ materially
from current expectations include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could
give rise to the termination of the business combination agreement; (2) the outcome of any legal proceedings that may be instituted against
PTIC, Appreciate, the combined company following the proposed business combination or others following the announcement of the transactions
related to the proposed business combination including the business combination agreement; (3) the inability to complete the transactions
contemplated by the business combination agreement due to the failure to obtain approval of the stockholders of PTIC, to obtain financing
to complete the transactions contemplated by the business combination agreement, or to satisfy other conditions to closing; (4) the failure
of any condition precedent to the committed equity facility in connection with the common stock purchase agreement by and between PTIC
and CF Principal Investments LLC, which could cause the termination of such facility; (5) changes to the proposed structure of the transactions
contemplated by the business combination agreement that may be required or appropriate as a result of applicable laws or regulations
or as a condition to obtaining regulatory approval of the transactions contemplated by the business combination agreement; (6) the ability
to meet stock exchange listing standards at or following the consummation of the transactions contemplated by the business combination
agreement; (7) the risk that the transactions contemplated by the business combination agreement disrupt current plans and operations
of Appreciate or PTIC as a result of the announcement and consummation of the business combination agreement and the transactions contemplated
thereby; (8) the ability to recognize the anticipated benefits of the transactions contemplated by the business combination agreement,
which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably,
maintain relationships with customers and suppliers and retain its management and key employees; (9) costs related to the transactions
contemplated by the business combination agreement; (10) changes in applicable laws or regulations; (11) the possibility that Appreciate
or the combined company following the proposed business combination may be adversely affected by other economic, business, and/or competitive
factors; (12) Appreciate’s estimates of expenses and profitability; (13) the failure to realize anticipated pro forma results or
projections and underlying assumptions, including with respect to estimated stockholder redemptions, purchase price, and other adjustments;
(14) debt defaults, and the need for or failure to obtain additional capital; and (15) other risks and uncertainties set forth in the
sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in PTIC’s Annual
Report on Form 10-K for the year ended December 31, 2021 and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2022, and
June 30, 2022, in the preliminary proxy statement relating to the proposed business combination, and in subsequent filings with the Securities
and Exchange Commission (“SEC”), including the definitive proxy statement relating to the proposed business combination.
There may be additional risks that neither PTIC nor Appreciate presently know or that PTIC and Appreciate currently believe are immaterial
that could also cause actual results to differ from those contained in the forward-looking statements.
Nothing
in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will
be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance
on forward-looking statements, which speak only as of the date they are made. Neither PTIC nor Appreciate undertakes any duty, and each
of PTIC and Appreciate expressly disclaims any obligation, to update or alter the foregoing or any projections or forward-looking statements,
whether as a result of new information, future events or otherwise.
Participants
in the Solicitation
PTIC
and its directors and executive officers may be deemed participants in the solicitation of proxies from PTIC’s stockholders with
respect to the stockholder proposals. A list of the names of those directors and executive officers and a description of their interests
in PTIC is contained in the preliminary proxy statement and is available free of charge at the SEC’s website at www.sec.gov, or
by directing a request to PropTech Investment Corporation II, 3415 N. Pines Way, Suite 204, Wilson, Wyoming 83014.
Appreciate
and its directors and executive officers may also be deemed to be participants in the solicitation of proxies from the stockholders of
PTIC in connection with the stockholder proposals. A list of the names of such directors and executive officers and information regarding
their interests in the stockholder proposals is included in the preliminary proxy statement and is available free of charge as noted
above.
Additional
Information About the Proposed Business Combination and Where to Find It
In
connection with the proposed business combination, on July 14, 2022, PTIC has filed with the SEC a preliminary proxy statement (as amended
from time to time, the “preliminary proxy statement”) relating to the proposed business combination. When available, PTIC
will mail a definitive proxy statement and other relevant documents to its stockholders as of a record date to be established for voting
on the proposed business combination. This communication does not contain all the information that should be considered concerning the
proposed business combination and is not intended to form the basis of any investment decision or any other decision in respect of transactions
contemplated by the business combination agreement. PTIC’s stockholders and other interested persons are advised to read the
preliminary proxy statement and, when available, the amendments thereto and the definitive proxy statement and other documents filed
in connection with the proposed business combination, as these materials will contain important information about PTIC, Appreciate and
the proposed business combination. PTIC stockholders are able to obtain copies of the preliminary proxy statement, and will also
be able to obtain copies of subsequent amendments to the preliminary proxy statement, to the definitive proxy statement, and other documents
filed with the SEC, without charge, once available, at the SEC’s website at www.sec.gov, or by directing a request to: PropTech
Investment Corporation II, 3415 N. Pines Way, Suite 204, Wilson, Wyoming 83014.
Before
making any voting or investment decision, investors and security holders of PTIC are urged to carefully read the entire preliminary proxy
statement and, when available, the amendments thereto and the definitive proxy statement and other documents filed in connection with
the proposed business combination with the SEC, because they will contain important information about the proposed transaction.
No
Offer or Solicitation
This
communication shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of
the stockholder proposals. This communication shall not constitute an offer to sell or the solicitation of an offer to buy or subscribe
for any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be
made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption
therefrom.
Contacts:
Investors
Cody
Slach, Ralf Esper
Gateway
Group
(949)
574-3860
PTIC@gatewayir.com
Media
Robert
Collins, Zach Kadletz
Gateway
Group
(949)
574-3860
PTIC@gatewayir.com
3
PropTech Investment Corp... (NASDAQ:PTIC)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
PropTech Investment Corp... (NASDAQ:PTIC)
Historical Stock Chart
Von Jul 2023 bis Jul 2024