Pershing Square Tontine Holdings, Ltd.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- William Albert Ackman
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 787 Eleventh Avenue New York City NY United States of America 10019
- IPO Date
- Sep 11, 2020
- CIK
- 0001811882
- Website
- pstontine.com
- Similar Companies
- Business
- Pershing Square Tontine Holdings, Ltd. (PSTH) operates as a blank check company, or special purpose acquisition company (SPAC), whose purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar initial business combination with one or more businesses, primarily targeting large capitalization, high-quality, growth companies; it holds no operational businesses or revenues. Sponsored by Pershing Square Capital Management, L.P. and headquartered in New York, New York, the company was formed in 2020 and completed the largest SPAC initial public offering to date, raising $4 billion through 200 million units comprising Class A ordinary shares and warrants. Its unique Tontine warrant structure incentivizes long-term shareholder holding by distributing additional warrants proportionally to remaining non-redeemed shares upon a successful business combination. In July 2022, following unsuccessful merger pursuits including a proposed but abandoned transaction with Universal Music Group due to regulatory hurdles, market conditions, and legal challenges, PSTH announced the redemption of its public shares and the return of approximately $4 billion in capital to shareholders, effectively liquidating the SPAC without consummating a deal. Subsequently, Pershing Square distributed special purpose acquisition rights (SPARs) from the new Pershing Square SPARC Holdings, Ltd. vehicle to former PSTH securityholders starting in September 2023, allowing participation in future acquisition opportunities without tying up capital under SPAC timelines; as of late 2025, PSTH shares continue to trade around $20 with no institutional ownership changes or new merger activity reported. The company maintains a presence on the NYSE under ticker PSTH, with operations geographically centered in the United States.
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