Pershing Square Tontine Holdings, Ltd. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.
IPO Year: 2020
Exchange: NYSE
Website: PSTontine.com
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HILVERSUM, The Netherlands, March 31, 2022 /PRNewswire/ -- Universal Music Group N.V. ("UMG" or the "Company") today published its 2021 Annual Report and the agenda for its 2022 Annual General Meeting of Shareholders ("AGM"), which is to be held on May 12, 2022, starting at 2:00 p.m. CEST, in Amsterdam, The Netherlands. The agenda for the AGM and other meeting materials, including the Annual Report, are available at https://investors.universalmusic.com. The Annual Report has also been filed with the Dutch Authority for the Financial Markets in European Single Electronic Format
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SC 13G/A - Pershing Square Tontine Holdings, Ltd. (0001811882) (Subject)
SC 13G - Pershing Square Tontine Holdings, Ltd. (0001811882) (Subject)
SC 13G - Pershing Square Tontine Holdings, Ltd. (0001811882) (Subject)
SC 13G - Pershing Square Tontine Holdings, Ltd. (0001811882) (Subject)
SC 13G - Pershing Square Tontine Holdings, Ltd. (0001811882) (Subject)
Pershing Square Tontine Holdings, Ltd. (the "Company") (NYSE:PSTH, PSTH.WS))), a special purpose acquisition company, today announced that it will redeem all of its outstanding shares of Class A common stock (the "public shares"), effective as of July 26, 2022, because the Company will not consummate an initial business combination within the time period required by its Second Amended and Restated Certificate of Incorporation (the "Charter"). As stated in the Company's Form S-1 and in the Company's Charter, if the Company is unable to complete an initial business combination within 24 months from the closing of its initial public offering on July 24, 2020 (subject to certain inapplicable e
Pershing Square Tontine Holdings, Ltd. (NYSE:PSTH) CEO Bill Ackman today issued the following letter: Dear Pershing Square Tontine Holdings, Ltd. Shareholder, On July 22, 2020, Pershing Square Tontine Holdings, Ltd. completed a $4 billion IPO on the New York Stock Exchange. We designed PSTH to be the most investor and merger-friendly SPAC at a time when we believed the COVID-19 pandemic would continue to disrupt capital markets providing PSTH with an opportunity to merge with and take public a large capitalization private company that met our investment criteria for business quality, durable growth, and an attractive valuation. Two years later, we are returning our $4 billion of capital
Pershing Square SPARC Holdings, Ltd. ("SPARC"), an affiliate of Pershing Square Tontine Holdings, Ltd. (NYSE:PSTH), notes the withdrawal of the New York Stock Exchange's proposed amendment to its listing rules that would have allowed SPARC warrants ("SPARs" or generically "subscription warrants") to trade on the NYSE.1 In view of the Securities and Exchange Commission's recently proposed rule changes and policy guidance with respect to special purpose acquisition vehicles, we understand that the approval of the NYSE rule change as currently proposed would not likely have occurred at this time. By withdrawing the proposed rule, the NYSE preserves the ability for the approval of a revised ru
HILVERSUM, The Netherlands, March 31, 2022 /PRNewswire/ -- Universal Music Group N.V. ("UMG" or the "Company") today published its 2021 Annual Report and the agenda for its 2022 Annual General Meeting of Shareholders ("AGM"), which is to be held on May 12, 2022, starting at 2:00 p.m. CEST, in Amsterdam, The Netherlands. The agenda for the AGM and other meeting materials, including the Annual Report, are available at https://investors.universalmusic.com. The Annual Report has also been filed with the Dutch Authority for the Financial Markets in European Single Electronic Format
Pershing Square SPARC Holdings, Ltd. ("SPARC"), an affiliate of Pershing Square Tontine Holdings, Ltd. (NYSE:PSTH), today announced that it has filed a registration statement with the SEC relating to the proposed public offering of its subscription warrants to purchase common stock, or SPARs. If the registration statement is declared effective, the SPARs are expected to be distributed without cost to the securityholders of PSTH, as described in the registration statement. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be distributed or sold, nor may offers to buy be
Pershing Square Tontine Holdings, Ltd. (NYSE:PSTH) today released the following excerpt from CEO Bill Ackman's letter to shareholders contained in the 2021 Pershing Square Holdings, Ltd. Semiannual Financial Statements. Pershing Square Tontine Holdings, Ltd. ("PSTH") The market value of SPACs in general and PSTH, in particular, declined since the beginning of the year, which along with PSTH's failure to consummate the Universal Music Group transaction likely contributed to PSTH's stock price declining to a level approximating its $20 per share cash in trust. On Friday last week, PSTH's share price declined to slightly below NAV for the first time. Nearly all pre-merger SPACs have traded
Pershing Square Tontine Holdings, Ltd. (NYSE:PSTH) CEO Bill Ackman today issued the following letter. August 19, 2021 Dear Pershing Square Tontine Holdings, Ltd. Shareholder, A purported shareholder filed a lawsuit on August 17th claiming that PSTH has been operating as an illegal investment company because, among other claims, PSTH invested its IPO proceeds in securities (short-term Treasurys and money market funds that own short-term Treasurys). This is of course something all SPACs do as they preserve funds necessary to complete their initial business combinations. As the law professors who brought the case should very well know (as both are securities law experts), holding cash and g
Pershing Square Tontine Holdings, Ltd. (NYSE:PSTH) CEO Bill Ackman today issued the following letter. July 19, 2021 Dear PSTH Shareholder, Yesterday, our board of directors unanimously determined not to proceed with the Universal Music Group transaction, and to assign our share purchase agreement to Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) and affiliates ("PSH and affiliates" or "Pershing Square"). Pershing Square has also agreed to assume the Vivendi indemnity agreement and our UMG transaction costs. In light of these developments, PSTH is withdrawing its Redemption Tender Offer and related Warrant Exchange Offer. Our decision to seek an alternative initial business
Pershing Square Tontine Holdings, Ltd. (NYSE:PSTH) today released a replay of its June 23rd presentation, Music is Universal, on its website www.PSTontine.com. The associated slide deck, transcript, FAQ and transcript of the Universal Music Group video that preceded the presentation are also available on the website. In addition, PSTH has been notified by Pershing Square SPARC Holdings, Ltd. ("SPARC") that SPARC today filed confidentially an S-1 registration statement that includes a preliminary prospectus with the Securities and Exchange Commission. About Pershing Square Tontine Holdings, Ltd. Pershing Square Tontine Holdings, Ltd., a Delaware corporation, is a blank check company form
NEW YORK, June 23, 2021 /PRNewswire-PRWeb/ -- Pershing Square Capital Management, L.P. Founder and CEO Bill Ackman today utilized the cloud-based multilingual conference platform KUDO to address his global stakeholders in a special presentation about the Pershing Square Tontine Holdings, Ltd. (NYSE:PSTH) acquisition of 10% of the Ordinary Shares of Universal Music Group ("UMG") for approximately $4 billion from Vivendi S.E. With this presentation, PSTH joins the many Fortune 500 companies, governments and diplomatic agencies around the world using KUDO to level the communications playing field as language inclusivity becomes possible on the cloud and in real time. Mr. Ackman's personal inve
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On Monday, shares of Pershing Square Tontine Holdings, Ltd. (NYSE:PSTH) experienced volatile short activity. After the activity, the stock price went down -0.15% to $20.13. The overall sentiment for PSTH has been Bullish. The signal from the volatility alert is trending Bearish. Therefore, the recommendation is to Increase Short Exposure. The volatility alert was produced on the prior trading date, 7/25/2022, with a volatility change of +35.56%. The current volatility indicator stands at 12.435. Overview: The securities lending volatility indicator is produced by Tidal Markets, in partnership with Benzinga Insights. Securities lending primarily serves the purpose of providing liquidity
At 9:12 a.m. Tuesday, Money Flow Mel (@MelStone31) posted an image to Twitter indicating institutions traded large blocks of Pershing Square Tontine Holdings, Ltd (NYSE:PSTH) over a dark pool exchange. The trades are interesting because on Monday the special purpose acquisition company announced it failed to find an acquisition target that met its criteria and would be returning $4 billion of capital in trust to shareholders. The Trades: At 7:45:55 a.m. an institution traded 200,000 shares of Pershing Square at $20.08. The trade amounts to a $4.01-million bet on the company. At 7:50:59 a.m., another large block of 250,000 was completed at $20.08, amounting to a $5.02-million bet. The trad
Pershing Square Tontine Holdings Ltd (NYSE:PSTH), a special purpose acquisition company (SPAC) promoted by hedge fund manager Bill Ackman, said on Monday that it will return $4 billion of capital in trust to shareholders. What Happened: The decision to wind down the blank-check firm comes about two years after its initial public offering when its aim was to merge with and take public a large-cap private company meeting its investment criteria for "business quality, durable growth, and an attractive valuation." The SPAC hasn't been able to consummate a transaction that met its "investment criteria and is executable," the company said in a letter to its shareholders. A SPAC uses the financ
Pershing Square Tontine Holdings, Ltd. (NYSE:PSTH) CEO Bill Ackman today issued the following letter: Dear Pershing Square Tontine Holdings, Ltd. Shareholder, On July 22, 2020, Pershing Square Tontine Holdings, Ltd. completed a $4 billion IPO on the New York Stock Exchange. We designed PSTH to be the most investor and merger-friendly SPAC at a time when we believed the COVID-19 pandemic would continue to disrupt capital markets providing PSTH with an opportunity to merge with and take public a large capitalization private company that met our investment criteria for business quality, durable growth, and an attractive valuation. Two years later, we are returning our $4 billion of capital i
The latest round of 13F filings from institutional investors is out, revealing to the world the stocks that some of the richest and most successful investors have been buying and selling. Takeaways From 13F Season: Investors who follow particular fund managers can easily look up what each was buying and selling in the quarter, but other investors may be more interested in overall themes from 13F filings. The first quarter of 2022 was a brutal quarter for the S&P 500, and investors were likely interested in what top managers were buying and selling heading into the second quarter. Google parent Alphabet has the attention of fund managers, with Tepper and Loeb selling and Soros and Klarman
Corporates and their most prominent investors are at odds over new regulations meant to "modernize" how shareholders report their holdings, reports Financial Times. In February, the Securities and Exchange Commission proposed new rules to increase transparency in stock markets by shortening the 10-day window to 5 days for investors to reveal when they have built a stake of over 5% in a company. The rules would also clarify the definition of an investor "group." Currently, the regulatory framework does not require proof of an agreement between two or more persons as a prerequisite to establishing the existence of a group. But some courts have suggested that a group can only be formed if a
Ford Motor Company (NYSE:F) and privately-held payment processor Stripe have signed a five-year agreement to scale the automaker’s e-commerce capabilities. What Happened: Ford and Stripe will bolster the online payment infrastructure serving customers and dealers across North America and Europe under the deal, the two companies said in a statement released Monday. The rollout of the Stripe technology, beginning in North America, is expected to commence in the second half of 2022. Stripe’s platform will be a “key part of the tech stack” as Ford develops e-commerce offerings across product and service spectrum, as per the statement. The service of the payment processor is expected “to dr
One of the biggest words for investors in 2021 was SPACs. While special purpose acquisition companies have been around for years, 2021 became the year that they took over the market in terms of IPOs and as a conversation topic. Over 600 new SPACs went public in 2021 and over 150 deals were announced last year. Here’s a look back at how the SPAC market shaped up, with thoughts from two well-respected names in the SPAC industry. The SPAC Experts: Benzinga talked 2021 SPAC deals and news items with Julian Klymochko, founder and CEO of Accelerate and Nick Gershenhorn, the founder of SpacTrack.IO, a leading SPAC data and insights website. Best SPAC Deal 2021: Klymochko and Gershenhorn both sel
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Alphabet Inc's (NASDAQ:GOOGL) (NASDAQ:GOOG) search engine Google is featuring a meme on former President Donald Trump-linked special purpose acquisition company Digital World Acquisition Corp's (NASDAQ:DWAC) page instead of a logo. What Happened: The search engine serves up a meme featuring the former president and billionaire investor Bill Ackman, who is also the chairman and CEO of SPAC Pershing Square Tontine Holdings, Ltd (NYSE:PSTH) on the DWAC page at a spot which typically features the logo of the concerned company. The meme shows up when a user searches for Digital World Acquisition Corp stock price or when they look up the DWAC ticker. A Screenshot Of The Meme On Google.Com Searc