{"id":23606,"date":"2023-10-01T15:36:14","date_gmt":"2023-10-01T15:36:14","guid":{"rendered":"https:\/\/microloannexus.com\/investing\/ackmans-sparc-is-seeking-new-deals-with-private-companies\/"},"modified":"2023-10-01T15:36:15","modified_gmt":"2023-10-01T15:36:15","slug":"ackmans-sparc-is-seeking-new-deals-with-private-companies","status":"publish","type":"post","link":"https:\/\/microloannexus.com\/?p=23606","title":{"rendered":"Ackman’s SPARC is seeking new deals with private companies"},"content":{"rendered":"
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\u00a9 Reuters. FILE PHOTO: Bill Ackman, chief executive officer and portfolio manager at Pershing Square Capital Management, speaks during the SALT conference in Las Vegas, Nevada, U.S. May 18, 2017. REUTERS\/Richard Brian\/File Photo<\/span>
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(Reuters) – Pershing Square SPARC Holdings Ltd, said that it will pursue business combinations with privately-held companies after receiving regulatory approval from U.S regulators for distributing special purpose acquisition rights.<\/p>\n

The SPARC, an affiliate of billionaire investor Bill Ackman’s Pershing Square Tontine Holdings Ltd, is targeting companies that seek to raise a minimum of $1.5 billion of capital, it said in a regulatory filing on Friday. <\/p>\n

Ackman’s SPARC is a variation of a special purpose acquisition company (SPAC), the market for which has cooled since its peak in 2021 as investors nursed losses on many deals.<\/p>\n

Ackman, in an interview with the Wall Street Journal on Sunday, said that he would consider a transaction with Elon Musk’s X, formerly known as Twitter. Ackman added that he has no idea if X is interested and would still need to determine whether or not a deal is doable. <\/p>\n

Elon Musk in March reportedly offered X social-media company’s employees stock grants at a valuation of about $20 billion, less than half the price he paid to acquire the platform, pointing to a drop in Twitter’s value, which could make a deal with SPARC unlikely. <\/p>\n

X did not immediately respond to a Reuters request for comment. <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. FILE PHOTO: Bill Ackman, chief executive officer and portfolio manager at Pershing Square Capital Management, speaks during the SALT conference in Las Vegas, Nevada, U.S. May 18, 2017. REUTERS\/Richard Brian\/File Photo (Reuters) – Pershing Square SPARC Holdings Ltd, said that it will pursue business combinations with privately-held companies after receiving regulatory approval from<\/p>\n","protected":false},"author":1,"featured_media":14081,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[32],"class_list":{"0":"post-23606","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing","8":"tag-featured"},"yoast_head":"\nAckman's SPARC is seeking new deals with private companies | Micro Loan Nexus<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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