Ackman, whose New York-based hedge fund manages more than $10 billion in assets, can make additional commitments and boost the size of the capital raise to $6.5 billion, according to a filing with the U.S. Securities and Exchange Commission. The special purpose acquisition company (SPAC), Pershing Square Tontine Holdings, Ltd, plans to go public with 150 million units at $20 each, according to the filing. Reuters first reported Ackman’s plans earlier this month.
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