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Pershing Square Tontine Holdings Ltd   (PSTH)
Other Ticker:  
 
    Sector  Financial    Industry Blank Checks
   Industry Blank Checks
   Sector  Financial
 
Price: $0.0000 $0.00 %
Day's High: 0.00 Week Perf:
Day's Low: $ 0.00 30 Day Perf:
Volume (M): 0 52 Wk High: $ 0.00
Volume (M$): $ 0 52 Wk Avg: $0.00
Open: $0.00 52 Wk Low: $0.00



 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) 200
 Employees -
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) 478
 Cash Flow (TTM) (Millions $) 25
 Capital Exp. (TTM) (Millions $) 0

Pershing Square Tontine Holdings Ltd
Pershing Square Tontine Holdings Ltd is a special purpose acquisition company (SPAC) founded by billionaire investor Bill Ackman and Pershing Square Capital Management. It was created for the purpose of acquiring an existing operating business and taking it public without going through the traditional initial public offering (IPO) process. The company raised a record-breaking $4 billion in its IPO in July 2020.

Pershing Square Tontine Holdings operates with a unique ontine structure, which means that investors are offered two types of shares: one with full voting rights and another with no voting rights. This structure is intended to attract long-term investors who trust Ackman's investment strategies and intend to hold the shares for an extended period.

The company's objective is to acquire a high-quality, large-scale, and well-established business with significant growth potential. It primarily focuses on businesses in the United States but may also consider opportunities globally. Pershing Square Tontine Holdings typically seeks companies valued between $10 billion and $15 billion.

Once an acquisition is made, Pershing Square Tontine Holdings would merge with the acquired company, essentially taking it public. This allows investors in the SPAC to become shareholders in the target company and potentially benefit from its future growth and success.

Overall, Pershing Square Tontine Holdings aims to leverage its founders' expertise in value investing and corporate finance to identify and acquire attractive businesses that align with their investment philosophy.


   Company Address: 787 Eleventh Avenue New York 10019 NY
   Company Phone Number: 813-3700   Stock Exchange / Ticker: NYSE PSTH
   


   

Stock Performances by Major Competitors

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Headline: Blank Checks Company Powerup Acquisition Corp Reports Surge in Operating Profit for Q4 2023

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Kernel Group Holdings Inc

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Broad Capital Acquisition Corp

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Climaterock

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Global Star Acquisition Inc

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The Blank Checks industry has been making waves in the financial world, and the latest reports from Global Star Acquisition Inc (GLSTU) only add to the intrigue. With the October to December 31, 2023 reporting season in full swing, GLSTU has disclosed an operating profit of $3.630548 million for the mentioned period. However, it is important to note that this is not a significant increase from the previous fiscal period, as the company reported a net profit of $1.04 million.
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