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Top related persons:
Bill Ackman - 2 Richard Brian - 2 Bill Ackman's - 2 Ackman - 2 Tontine - 1 Svea Herbst - 1 Bayliss - 1 Lisa Shumaker - 1
Top related locs:
Las Vegas , Nevada U.S New York Rhode Island Bengaluru
Top related orgs:
Pershing Square Capital Management - 2 REUTERS - 2 SPARC - 2 Tontine Holdings - 2 Thomson - 2 Pershing Square SPARC Holdings - 1 U.S . Securities - 1 Exchange Commission - 1

Search resuls for: "Pershing Square SPARC Holdings Ltd"


2 mentions found


☆ Explainer: How Bill Ackman's SPARC differs from a SPAC
  + stars: | 2023-10-02 | by ( Svea Herbst-Bayliss | ) www.reuters.com   time to read: +3 min
Here's how a SPARC differs from a SPAC:DEAL VISIBILITYOne of the biggest differences is a SPARC doesn't require up-front money from investors like a SPAC does. SPAC investors are then given the option to vote down an acquisition or redeem their shares once a deal has been announced. SPARC will only ask for money from investors once it has clinched and disclosed a deal to buy a company. CAPITAL FLEXIBILITYUnlike a SPAC, the amount of money SPARC seeks from investors will vary based on the size of the deal it pursues. This means that SPARC investors will not be diluted by such warrants and will get to keep more of the company.
Persons: Bill Ackman, Richard Brian, Bill Ackman's, Ackman, Tontine, Svea Herbst, Bayliss, Lisa Shumaker Organizations: Pershing Square Capital Management, REUTERS, Pershing Square SPARC Holdings, SPARC, U.S . Securities, Exchange Commission, SEC, Pershing, Tontine Holdings, Universal Music Group, SPACs, Svea, Thomson Locations: Las Vegas , Nevada, U.S, New York, Rhode Island
☆ Ackman's SPARC is seeking new deals with private companies
  + stars: | 2023-10-01 | by ( ) www.reuters.com   time to read: +1 min
Bill Ackman, chief executive officer and portfolio manager at Pershing Square Capital Management, speaks during the SALT conference in Las Vegas, Nevada, U.S. May 18, 2017. REUTERS/Richard Brian/File Photo Acquire Licensing RightsOct 1 (Reuters) - Pershing Square SPARC Holdings Ltd, said that it will pursue business combinations with privately-held companies after receiving regulatory approval from U.S regulators for distributing special purpose acquisition rights. The SPARC, an affiliate of billionaire investor Bill Ackman's Pershing Square Tontine Holdings Ltd, is targeting companies that seek to raise a minimum of $1.5 billion of capital, it said in a regulatory filing on Friday. Ackman's SPARC is a variation of a special purpose acquisition company (SPAC), the market for which has cooled since its peak in 2021 as investors nursed losses on many deals. Ackman added that he has no idea if X is interested and would still need to determine whether or not a deal is doable.
Persons: Bill Ackman, Richard Brian, Bill Ackman's, Elon Musk's, Ackman, Elon Musk, Jose Joseph Organizations: Pershing Square Capital Management, REUTERS, Pershing Square SPARC Holdings Ltd, SPARC, Tontine Holdings, Wall, Elon, Thomson Locations: Las Vegas , Nevada, U.S, Bengaluru
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