PSHZF - Pershing Square's Supersized SPAC Looks Well-Positioned To Deliver A Splash Acquisition
Introduction
With the wave of investor interest in SPACs that has taken over the market this summer, it comes as no surprise that some of both Wall Street's and Silicon Valley's biggest names are now wading into what was once a more niche space. Never one to avoid the public eye, Pershing Square's Bill Ackman has accordingly made his foray into the space, launching Pershing Square Tontine Holdings (PSTHU), which is the largest ever SPAC.
Pershing Square Tontine has defied SPAC convention in several ways. SPACs have traditionally gone public at $10 a