- SPACs sponsored by value investors, such as Bill Ackman, should benefit from the growth to value rotation triggered by rising interest rate and inflation concerns.
- Pershing Square Tontine Holdings sold off with the entire SPAC space and the valuation across the capital structure (i.e. common share, warrant and call option) is getting attractive again.
- The company’s call option price dropped significantly more than the common stock and warrants during the current selloff which created a good entry point.
For further details see:
Pershing Square Tontine Holdings: Call Options Attractive