ETF News

Pershing Square Files a Public Offering with the SEC for Its Subscription Warrants

0
Blue and orange share certificates with big wight logo of Pershing Square. Stock market. Old, vintage, retro shares.

Pershing Square Holdings Ltd. has filed the proposed public offering relating to its subscription warrants to acquire common stock, according to the press release.

The common stock, also known as SPARs, is expected to be offered to the security holders of PSTH for no cost.

The filing happens after, in August, Pershing Square Tontine announced the formation of Pershing Square SPARC Holdings, aiming to give investors transferable and long-dated warrants. The warrants were to allow them to acquire common stock in SPARC.

The move by Pershing Square Tontine to form SPARC responds, in part, to a suit that claims it should be an investment firm that falls under the Investment Company Act of 1940.
PSH: AMS is down -2.09%

Small Cap Value ETF: Top 3 to Grow in 2022

Previous article

US Global Jets ETF Among the Largest Losers as Covid Concerns Dampen Travel

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in ETF News