PSTH - Ackman's Pershing Square files registration for SPARC for New York listing

Pershing Square Tontine's (NYSE:PSTH) SPARC Holdings said it filed a registration statement with the SEC related to its proposed public offering of its subscription warrants to purchase common stock. If the registration is declared effective, the SPARs will be distributed without cost to holders of PSTH, according to a statement. In August, Bill Ackman's SPAC, Pershing Square Tontine (PSTH), announced it was forming Pershing Square SPARC Holdings, a structure that would give investors in PSTH long-dated, transferable warrants to acquire common stock in the SPARC. The move to form SPARC came in response at least partly to a lawsuit filed against Pershing Square Tontine (PSTH), alleging that it's an investment firm and should be regulated under the Investment Company Act of 1940. Last week, Ackman said during the company's Q3 conference call that the firm is actively working to find an alternative transaction after its plan to take Universal Music Group public through a SPAC deal was abandoned. Also

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Ackman's Pershing Square files registration for SPARC for New York listing