PERSHING SQUARE TONTINE HOLDINGS, LTD.

(PSTH)
Delayed Nyse  -  04:00 2022-07-25 pm EDT
20.14 USD   +0.05%
07/12PERSHING SQUARE TONTINE : Will Redeem Its Public Shares and Will Not Consummate an Initial Business Combination - Form 8-K
PU
07/12PERSHING SQUARE TONTINE HOLDINGS, LTD. : Other Events, Financial Statements and Exhibits (form 8-K)
AQ
07/12Pershing Square Tontine to Shut Down After Failing to Complete Initial Business Combination
MT
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Bill Ackman Provides Information to the Shareholders

11/29/2021 | 11:00pm EDT

On November 30, 2021, Bill Ackman?s Pershing Square Tontine Holdings Ltd. will need to make a new law to defeat investors? claims that it?s operating illegally, George Assad, who sued the SPAC, said in a court filing Monday. Assad asked the judge to deny Ackman?s request that the suit be thrown out. The lawsuit could have wide-ranging implications for the financial industry if a court determines that SPACs more generally should be regarded as investment companies subject to the 1940 Investment Company Act, which requires registration with the Securities Exchange Commission and places restrictions on fees charged for investment advice. PSTH has never held investment securities that would require it to be registered under the Act and does not intend to do so in the future, Ackman said in a statement at the time. In addition, Ackman stated that he believes this litigation is totally without merit.


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Managers and Directors
William Albert Ackman Chairman & Chief Executive Officer
Benny Hakim Chief Financial Officer
Michael Gonnella Chief Financial Officer
Lisa Hall Gersh Independent Director
Michael Ovitz Independent Director
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