PSTH

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

Retrieved on: 
Friday, September 29, 2023
Professional Services, Finance, Transfer, DTC, IPO, SPARC, Sponsor, SPAR, Business analyst, Person, Prospectus, Acquisition, Pershing Square Capital Management, PSTH, Financial services, Security (finance), SPARS

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. Will Redeem Its Public Shares and Will Not Consummate an Initial Business Combination

Retrieved on: 
Monday, July 11, 2022
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Net of taxes, the Company currently expects the per-share redemption price for the public shares will be approximately $20.05 (as finally determined, the Redemption Amount).

Key Points: 
  • Net of taxes, the Company currently expects the per-share redemption price for the public shares will be approximately $20.05 (as finally determined, the Redemption Amount).
  • The Company anticipates that the public shares will cease trading as of the close of business on July 25, 2022.
  • As of July 26, 2022 the public shares will be deemed cancelled and will represent only the right to receive the Redemption Amount.
  • 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 Tontine Holdings, Ltd. Releases Letter to Shareholders

Retrieved on: 
Monday, July 11, 2022
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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
Professional Services, Finance, NYSE, Time, LLC, Policy, PSTH, SPARC, OTC, SPARS, Acquisition, Security (finance), Pershing Square Capital Management, SEC, SPAC, Sponsor

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
Professional Services, Finance, Pershing Square Capital Management, SPARC, Security (finance), PSTH, Sale, SEC, LLC, Exchange, Acquisition, Securities and Exchange Commission (Philippines), Sponsor, SPARS, NYSE

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/

Pershing Square Tontine Holdings, Ltd. Releases Letter to Shareholders

Retrieved on: 
Friday, August 20, 2021
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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.
  • As we have previously disclosed, we have been working on obtaining approval for the launch of Pershing Square SPARC Holdings, Ltd. (SPARC).
  • The Pershing Square Funds will be making a large-co-investment in SPARC on precisely the same terms and at the same time as SPARC warrant holders.
  • PSTH is sponsored by Pershing Square TH Sponsor, LLC (the Sponsor), an affiliate of Pershing Square Capital Management, L.P., a registered investment advisor with approximately $14 billion of assets under management.

PERSHING SQUARE INVESTOR ALERT: Pershing Square Tontine Holdings, Ltd. Investors Who Have Held PSTH Stock Continuously Encouraged To Contact Kehoe Law Firm, P.C.

Retrieved on: 
Wednesday, August 18, 2021
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is investigating whether certain officers and/or directors of Pershing Square Tontine Holdings, Ltd. (Pershing Square or the Company) ( NYSE: PSTH ) breached their fiduciary duties to Pershing Square and the Companys shareholders.

Key Points: 
  • is investigating whether certain officers and/or directors of Pershing Square Tontine Holdings, Ltd. (Pershing Square or the Company) ( NYSE: PSTH ) breached their fiduciary duties to Pershing Square and the Companys shareholders.
  • IF YOU HAVE HELD PSTH STOCK CONTINUOUSLY AND WISH TO DISCUSS KEHOE LAW FIRMS INVESTIGATION OR HAVE QUESTIONS ABOUT YOUR POTENTIAL LEGAL RIGHTS, PLEASE CONTACT JOHN KEHOE, ESQ., (215) 792-6676, EXT.
  • , with offices in New York and Philadelphia, is a multidisciplinary, plaintiffside law firm dedicated to protecting investors from securities fraud, breaches of fiduciary duties, and corporate misconduct.
  • Combined, the partners at Kehoe Law Firm have served as Lead Counsel or Co-Lead Counsel in cases that have recovered more than $10 billion dollars on behalf of institutional and individual investors.