Ackman stays mum on SPAC target but says a second SPAC may follow

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“While we previously believed that we would be able to announce a potential transaction by the end of this quarter, we will not be in a position to do so,” Ackman wrote in the Pershing Square Holdings, Ltd 2020 Annual Report.

But Ackman said a second so-called SPAC may not be far off, noting “We are likely to launch a second SPAC, PSTH2 after PSTH completes a business combination transaction.”