Pershing Square Tontine Holdings IPO: are you willing to write a blank  check to Bill Ackman?


Pershing Square Tontine Holdings, Ltd., a Delaware-incorporated and well-organized blank check corporation, established to influence a merger, capital stock swap, asset acquisition, stock purchase, reorganization, as well as other similar business combination with a private company. In addition, it is traded on the New York Stock Exchange under the symbol NYSE PSTH WS at

PSTH is supported by Pershing Square TH Sponsor, LLC (the “Sponsor”), which is wholly owned by three investment operated by Pershing Square Capital Management, L.P. Pershing Square Holdings, Ltd., Pershing Square, L.P., and Pershing Square International, Ltd. PSCM is a licensed investment advisor with over $10 billion in assets under management that focuses on acquiring substantial minority stakes in high-quality growth companies.


Pershing Square Tontine Holdings, Ltd. (NYSE PSTH WS) announced a $4,000,000,000 initial public offering (IPO) for $20.00 per share.

The Company has entered into a forward purchasing agreement with the Pershing Square Funds in association with the initial public offering. At $20.00 per unit, the Forward Purchasers have agreed to buy a minimum of $1,000,000,000 of shares, and each consisting of one share of Class A common stock and one-third of one Redeemable Warrant. The Forward Purchasers will have the option to buy an additional $2,000,000,000 worth of units (or more if agreed by the Company and the Forward Purchasers). Therefore, any transactions will be made by one or more private placements that will close no later than concurrently with the Company’s initial business combination.

PSTH will be one of the world’s largest cash equity funding outlets for a single-company minority investment. PSTH will have a minimum of $5 billion in cash equity capital when its IPO earnings are combined with the Pershing Square Funds’ forward purchasing agreement. PSTH plans to combine one private company and take it public in a deal in which stockholders will own a minority stake in the newly public company. Comparably sized or huge investment funds typically aim to purchase majority or 100 percent interests in diversified portfolios of companies.

A unit consisting of shares of Class A common stock and one-ninth of a Distributable Redeemable Warrant will be listed on the NYSE under the symbols “PSTH” and “PSTH.WS,” respectively. The shares of Class A common stock and one-ninth of a Distributable Redeemable Warrant comprising a unit begin separate trading (The Company expects this to happen on or around the 52nd day after the initial public offering closes). The Distributable Tontine Redeemable Warrants trade on the NYSE under the symbol NYSE PSTH WS when trade following the Company’s initial business combination. There are many other stocks like nasdaq amd at