Pershing Square Tontine Holdings, Ltd.

$5 billion to $7 billion blank check company (NYSE:PSTH)

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Pershing Square Tontine Holdings, Ltd.

Pershing Square Tontine Holdings, Ltd. (“PSTH”), a Delaware corporation, is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with a private company. PSTH’s sponsor is 100% owned by the Pershing Square Capital Management, L.P. (“PSCM”) funds.

Bill Ackman is PSTH’s Chairman and CEO. He will work closely with the PSCM investment team and the other employees of PSCM to fulfill PSTH’s corporate mission. Mr. Ackman has spent 28 years in the investment management industry, the last 16 years as CEO of PSCM.

PSTH has not yet selected any specific business combination target. PSTH intends to pursue merger opportunities with private, large capitalization, high-quality, growth companies. PSTH will use PSCM’s substantial experience in identifying, analyzing, and determining business quality and the sustainable competitive advantages of a target company, as well as PSCM’s due diligence and negotiation expertise in executing a transaction. PSTH will seek targets in four principal market segments: high-quality IPO candidates, mature unicorns, private equity portfolio companies, and family-owned companies.

PSTH believes that its unique structure and willingness to acquire a minority interest in a company will help facilitate the completion of a transaction on attractive terms.

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