Pershing Square Tontine Holdings, Ltd. Overview
Pro stress-test →Pershing Square Tontine Holdings is a blank check company that aims to acquire a business via merger, capital stock exchange, asset acquisition, stock purchase, or reorganization. The company announced in July 2022 that it would redeem all of its outstanding Class A common stock and not consummate an initial business combination. The SPAC, sponsored by Pershing Square Capital Management (Bill Ackman's investment firm), has effectively wound down as a standalone SPAC entity.
Strategic Profile
Pro stress-test →Following its announcement in July 2022 to cease operations and liquidate, the company's assets were returned to shareholders. However, Pershing Square Capital Management has launched successor investment vehicles—notably Pershing Square USA, Ltd. (PSUS), which launched in April 2026 and has deployed nearly 85% of capital across 12 companies including Amazon, Microsoft, Uber, and Meta.
Competitive Landscape
Pro stress-test →PSTH is no longer a competitive entity in any market. As a failed SPAC, it serves no ongoing operational function. The relevant competitive landscape has shifted to Pershing Square USA (PSUS) and other multi-asset investment vehicles managed by Pershing Square Capital Management.
Industry Context
Pershing Square Tontine Holdings, Ltd. operates in Blank check companies / SPACs (historical; liquidated).
Key facts
Founded: 2020 · Headquarters: New York, US · Employees: N/A · Revenue: N/A · Market cap: N/A