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  "documentTitle": "Pershing Square Holdings Portfolio (multi-position) (PSH)",
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      "text": "PSTH creates a unique opportunity for the Pershing Square funds\nEnables the funds to purchase a large stake in a previously private business\nThe Sponsor Warrants are 100% owned by the Pershing Square funds\nUnlike other SPACs, no founder shares accrue to individual promoters\nPershing Square's management team and affiliates are the largest investors in its funds, and will indirectly own roughly one-fourth of the funds' investment in PSTH",
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      "text": "Publicly traded company with $5 billion to $7 billion of equity capital\nRaised $4 billion in its July 22nd IPO on the New York Stock Exchange\nThe Pershing Square funds entered into a forward purchase agreement (\"FPA\") to invest a minimum of $1 billion at the IPO price\nAdditional FPA to invest a further $2 billion at the option of the funds",
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