Item 8.01. Other Events.
Separate Trading of Units, Class A Common Stock and Warrants
On January 9, 2020, PropTech Acquisition Corporation (the "Company") announced
that, commencing on January 13, 2020, the holders of units issued in its initial
public offering (the "Units"), each consisting of one share of Class A common
stock of the Company, par value $0.0001 per share (the "Class A Common Stock"),
and one-half of one warrant of the Company ("Warrant"), with each whole Warrant
entitling the holder thereof to purchase one share of Class A Common Stock for
$11.50 per share, may elect to separately trade the shares of Class A Common
Stock and Warrants included in the Units. No fractional Warrants will be issued
upon separation of the Units and only whole Warrants will trade. The shares of
Class A Common Stock and the Warrants are expected to trade on the Nasdaq
Capital Market under the symbols "PTAC" and "PTACW," respectively. The Units not
separated will continue to trade on the Nasdaq Capital Market under the symbol
"PTACU." Holders of Units will need to have their brokers contact Continental
Stock Transfer & Trust Company, the Company's transfer agent, in order to
separate the Units into shares of Class A Common Stock and Warrants.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
99.1 Press Release, dated January 9, 2020
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PROPTECH ACQUISITION CORPORATION 