User:Jc4382/Pershing Square Capital Management

Pershing Square Tontine Holdings (PSTH)
Pershing Square Tontine Holdings is a blank check company formed by Bill Ackman that went public in July 22, 2020 at a value of $4 billion and trade under the ticker symbol PSTH.U before the split of its warrants and shares. PSTH is currently the largest SPAC to IPO to date.

PSTH has a unique "Tontine" structure where shareholders are incentivized to hold shares through merger once a target is found for acquisition. The IPO included 200 million units, which comprise of 200 million shares and 22,222,222 warrants. Another 44,444,444 warrants, or two ninths per share, will be distributed to shareholders who choose to participate in the proposed merger.