Pershing Square Tontine Holdings Ltd fka PSTH

[TallTrader]

PSTH Good explanation of what will happen

https://spacinsider.com/2021/06/04/pershing-square-tontine-holdings-causes-sparcs-to-fly/

SUMMARY
All told, this is a pretty innovative move on Ackman’s part. He somehow Harry Pottered PSTH by taking the one SPAC vehicle and created three new entities. It’s financial magic!

The only problem is, retail has invested heavily in PSTH and this is a very complicated transaction. If they can’t wrap their heads around it, you can be sure they’re going to hate it. But…since this “deal”, and I use that term loosely since it’s not a merger, will not happen until the third quarter, there is plenty of time for PSTH to market this transaction and make it understandable.