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  "documentTitle": "Pershing Square | Investor Presentation Deck | 57 slides",
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  "authorName": "Pershing Square Holdings",
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      "text": "PSTH creates a unique opportunity for the Pershing Square funds. Enables the funds to purchase a large stake in a previously private business. The Sponsor Warrants are 100% owned by the Pershing Square funds. Unlike other SPACs, no founder shares accrue to individual promoters. Pershing 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. Raised $4 billion in its July 22nd IPO on the New York Stock Exchange. The Pershing Square funds entered into a forward purchase agreement (\"FPA\") to invest a minimum of $1 billion at the IPO price. Additional FPA to invest a further $2 billion at the option of the funds.",
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      "text": "In July, PSCM launched Pershing Square Tontine Holdings (\"PSTH\"), the world's largest special purpose acquisition company (\"SPAC\")",
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