SPARS

Pershing Square SPARC Holdings, Ltd. Announces Launch and SPAR Distribution

Retrieved on: 
Friday, September 29, 2023

Pershing Square SPARC Holdings, Ltd. (“SPARC”) today announced that the SEC has declared SPARC’s registration statement effective.

Key Points: 
  • Pershing Square SPARC Holdings, Ltd. (“SPARC”) today announced that the SEC has declared SPARC’s registration statement effective.
  • SPARC will shortly be distributing special purpose acquisition rights (“SPARs”) at no cost to former securityholders of Pershing Square Tontine Holdings, Ltd. (“PSTH”).
  • Pershing Square SPARC Sponsor, LLC, (“Sponsor”), an affiliate of Pershing Square Capital Management, L.P., serves as the sponsor of SPARC.
  • In connection with the distribution of SPARs, SPARC entered into a SPAR Rights Agreement with Continental Stock Transfer & Trust Company (“Continental”), as custodian and rights agent.

Pershing Square Tontine Holdings, Ltd. Releases Letter to Shareholders

Retrieved on: 
Monday, July 11, 2022

Pershing Square Tontine Holdings, Ltd. (NYSE:PSTH) CEO Bill Ackman today issued the following letter:

Key Points: 
  • Pershing Square Tontine Holdings, Ltd. (NYSE:PSTH) CEO Bill Ackman today issued the following letter:
    Dear Pershing Square Tontine Holdings, Ltd.
  • Shareholder,
    On July 22, 2020, Pershing Square Tontine Holdings, Ltd. completed a $4 billion IPO on the New York Stock Exchange.
  • As a result, the board terminated the transaction and assigned its obligation to acquire UMG to the Pershing Square Funds.
  • PSTH is sponsored by Pershing Square TH Sponsor, LLC (the Sponsor), an affiliate of Pershing Square Capital Management, L.P., a registered investment advisor.

Pershing Square SPARC Holdings, Ltd. Notes the Withdrawal of a New York Stock Exchange Proposed Rule Change

Retrieved on: 
Thursday, April 28, 2022

By withdrawing the proposed rule, the NYSE preserves the ability for the approval of a revised rule once the new SPAC rules have been finalized.

Key Points: 
  • By withdrawing the proposed rule, the NYSE preserves the ability for the approval of a revised rule once the new SPAC rules have been finalized.
  • About Pershing Square SPARC Holdings, Ltd.
    SPARC is a newly formed Delaware corporation, formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other business combination transaction with one or more businesses.
  • SPARC has not yet selected any specific business combination partner or engaged in any substantive discussions, directly or indirectly, with any potential business combination partner.
  • The Sponsor of SPARC, Pershing Square SPARC Sponsor, LLC, is an affiliate of Pershing Square Capital Management, L.P.

Pershing Square SPARC Holdings, Ltd. Files Registration Statement

Retrieved on: 
Friday, November 26, 2021

Pershing Square SPARC Holdings, Ltd. (SPARC), an affiliate of Pershing Square Tontine Holdings, Ltd. (NYSE:PSTH), today announced that it has filed a registration statement with the SEC relating to the proposed public offering of its subscription warrants to purchase common stock, or SPARs.

Key Points: 
  • Pershing Square SPARC Holdings, Ltd. (SPARC), an affiliate of Pershing Square Tontine Holdings, Ltd. (NYSE:PSTH), today announced that it has filed a registration statement with the SEC relating to the proposed public offering of its subscription warrants to purchase common stock, or SPARs.
  • If the registration statement is declared effective, the SPARs are expected to be distributed without cost to the securityholders of PSTH, as described in the registration statement.
  • A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective.
  • The Sponsor of SPARC, Pershing Square SPARC Sponsor, LLC, is an affiliate of Pershing Square Capital Management, L.P.
    View source version on businesswire.com: https://www.businesswire.com/news/home/20211126005317/en/

SPAR Group Announces Appointment of New VP of Business Development

Retrieved on: 
Monday, November 25, 2019

WHITE PLAINS, N.Y., Nov. 25, 2019 (GLOBE NEWSWIRE) -- SPAR Group, Inc.(Nasdaq:SGRP), a leading supplier of retail merchandising, business technology and other marketing services in ten countries throughoutNorth America,Latin America,Asia PacificandAfrica, today announced the appointment ofRobert Job as Vice President of Business Development.

Key Points: 
  • WHITE PLAINS, N.Y., Nov. 25, 2019 (GLOBE NEWSWIRE) -- SPAR Group, Inc.(Nasdaq:SGRP), a leading supplier of retail merchandising, business technology and other marketing services in ten countries throughoutNorth America,Latin America,Asia PacificandAfrica, today announced the appointment ofRobert Job as Vice President of Business Development.
  • His industry experience and contacts will allow him to get up to speed and add value to the team quickly, commentedGerry Marrone, Chief Revenue Officer.
  • "With SPARs strong reputation for providing world-class in-store merchandising services, I am excited to join this talented team.
  • Company Contact: James R. Segreto Chief Financial Officer SPAR Group, Inc. (248) 364-7727 Investor Contact: Dave Mossberg Three Part Advisors (817) 310-0051