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Pershing Square Tontine Holdings (PSTH) is the largest and one of the most interesting SPACs out there. Its sponsor - Pershing Square Holdings - just held an earnings call with some read-through relevant to
Pershing Square Tontine Holdings: Wind-Up Seems To Be The Most Likely Scenario
Summary
- PSH just held earnings call; a wind-up of PSTH now looks like the most likely scenario.
- The common is actually quite interesting right now; you get a bit of return and possibly a SPAR.
- For warrants, things look quite bleak, and currently, the common seems much preferable to me.
Bram de Haas brings 15 years of investing experience to the table and has over 5 years of experience managing a Euro hedge fund. He is also a former professional poker player and utilizes his bundle of risk management skills to uncover lucrative investments based on special situations.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of PSTH either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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