Yes please.
Any brokers doing this?
No expectations from T212 on doing anything complicated wrt corporate actions/warrants/options.
Social Pies are v important.
Yes please.
Any brokers doing this?
No expectations from T212 on doing anything complicated wrt corporate actions/warrants/options.
Social Pies are v important.
Still no response from HL. Have chasedā¦
Page 7 of this slide deck is very useful: https://pstontine.com/wp-content/uploads/2021/06/Pershing-Square-Tontine-Holdings-Transaction-Overview_vFinal.pdf
Hereās the final announcement press release: https://pstontine.com/wp-content/uploads/2021/06/Final-Announcement-Press-Release-6.20.2021.pdf
More news today from BA and PSTH today. Any update with regards to how T212 will deal with the strange 3 way split of shares?
Hey guys ,
There arenāt any official updates about the event, yet. Nevertheless, as soon as there is any news, youāll be the first one to know.
In a nutshell: updates will follow once the event is officially confirmed by the respective company & after our intermediary IBKR inform us how it will be reflected.
Thanks for the response. I think everyone here appreciates being kept in the loop and for T212 to build capability to support some complex transactions.
@Bogi.H First off, thanks a lot for your transparency here! Very much appreciated
May I read this your reply from a related topic that thereās not only the question as to how IBKR will handle it, but also if you can actually process whatever solution IBKR is offering?
Race against time. Odds are higher that Bill will indeed find a unicorn.
Good point @too_short, I can see where the confusion comes from.
Allow me to reiterate: We donāt offer share conversion on our platform. However, weāre actively working in that direction.
On a side note, the outcome of such corporate events depends on several factors, some of which are out of our scope. Hence we canāt be as precise with our reply as we want to be.
Iāll keep you posted as things progress further. Feel free to ping me or anyone else from the @Team212, if any further questions arise.
Looks like we may be okā¦ praying for a new simple mergerā¦
What a rollercoaster!
I just posted a PSTH update letter on our website. https://t.co/aK6kGPcjOB. I welcome your feedback.
ā Bill Ackman (@BillAckman) August 20, 2021
Interesting update on PSTH!
I havenāt seen it here yet so thought Iād share it so we can discuss.
In case anyone is interested, the Pershing Square SPARC Holdings Ltd company issued an SEC filing on te 29th of September providing an update on this and a Prospectus:
And within the document:
So, as I understand it it seems that the SEC has accepted the creation of a āSPARCā and every PSTH shareholder at the date of the dissolution of PSTH will receive 1 SPARC share for every 4 shares held on the final date.
Has anyone received these yet either here or on any other platform?
I havenāt seen them yet, so I thought Iād ask.
Sources - SEC filings:
https://www.sec.gov/edgar/browse/?CIK=1895582
https://www.sec.gov/Archives/edgar/data/1895582/000119312523247496/d395654d8a12g.htm
https://www.sec.gov/Archives/edgar/data/1895582/000119312523247555/d305814d424b3.htm#toc305814_15
Maybe itās explained a bit better in the press release:
This SPARC business is mighty confusing, Iāve not been able to truly get my head around it.
Iām sure I have some exposure to it via PSH so Iām investing with some degree of blind faith there.
Thankfully, itās worked out well so far.