Pershing Square Tontine Holdings, Ltd. (“PSTH”), a Delaware corporation, is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with a private company. PSTH’s sponsor is 100% owned by the Pershing Square Capital Management, L.P. (“PSCM”) funds.
PSTH has not yet selected any specific business combination target. PSTH intends to pursue merger opportunities with private, large capitalization, high-quality, growth companies. PSTH will use PSCM’s substantial experience in identifying, analyzing, and determining business quality and the sustainable competitive advantages of a target company, as well as PSCM’s due diligence and negotiation expertise in executing a transaction. PSTH will seek targets in four principal market segments: high-quality IPO candidates, mature unicorns, private equity portfolio companies, and family-owned companies.
Company profile
Ticker
PSTH, PSTH-WT
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
850930174
PSTH stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
5 Aug 22
25-NSE
Exchange delisting
26 Jul 22
8-K
Other Events
11 Jul 22
10-Q
2022 Q1
Quarterly report
6 May 22
8-K
Regulation FD Disclosure
29 Apr 22
10-K
2021 FY
Annual report
3 Mar 22
NT 10-K
Notice of late annual filing
1 Mar 22
8-K
Regulation FD Disclosure
24 Nov 21
8-K
Excerpt of Transcript of Pershing Square Capital Management, L.P.’s (“PSCM”) Third Quarter 2021 Investor Call
19 Nov 21
Latest ownership filings
SC 13G/A
Pershing Square Capital Management, L.P.
5 Aug 22
SC 13G/A
GUGGENHEIM CAPITAL LLC
26 Jul 22
SC 13G/A
ONTARIO TEACHERS PENSION PLAN BOARD
14 Feb 22
SC 13G/A
GUGGENHEIM CAPITAL LLC
14 Feb 22
SC 13G/A
BAUPOST GROUP LLC/MA
11 Feb 22
SC 13G
Allspring Global Investments Holdings, LLC
18 Jan 22
SC 13G/A
Soroban Capital Partners LP
16 Feb 21
SC 13G
Pershing Square Capital Management, L.P.
12 Feb 21
SC 13G
ONTARIO TEACHERS PENSION PLAN BOARD
12 Feb 21
SC 13G
BAUPOST GROUP LLC/MA
12 Feb 21
Financial summary
| Quarter (USD) | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | |
|---|---|---|---|
| Revenue | |||
| Cost of revenue | |||
| Operating income | |||
| Operating margin | |||
| Net income | |||
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| Cash on hand | |||
| Change in cash | |||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 22.33 mm | 22.33 mm | 22.33 mm | 22.33 mm | 22.33 mm | 22.33 mm |
| Cash burn (monthly) | 275.43 k | 232.25 k | 6.11 mm | (no burn) | 275.43 k | 13.77 mm |
| Cash used (since last report) | 3.29 mm | 2.78 mm | 73.11 mm | n/a | 3.29 mm | 164.60 mm |
| Cash remaining | 19.04 mm | 19.55 mm | -50.78 mm | n/a | 19.04 mm | -142.27 mm |
| Runway (months of cash) | 69.1 | 84.2 | -8.3 | n/a | 69.1 | -10.3 |
Institutional ownership, Q4 2022
0.4% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 1 |
| Opened positions | 1 |
| Closed positions | 2 |
| Increased positions | 0 |
| Reduced positions | 0 |
| 13F shares | Current |
|---|---|
| Total value | 209.13 mm |
| Total shares | 774.57 k |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Odey Asset Management | 774.57 k | $209.13 mm |