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Ackman's record SPAC to return funds after deal hunt fizzled

Pershing Square Tontine Holdings’ efforts to find a target company were thwarted in part by what Bill Ackman said was the unexpected recovery of capital markets. ....

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Bill Ackman's Spac returns $5.6b to investors; too early to tell if S'pore Spac market will lose steam

NEW YORK (BLOOMBERG) - Billionaire investor Bill Ackman told investors in the largest-ever blank-check company that it's returning their US$4 billion ($5.6 billion) after failing to consummate a merger deal.
Read more at straitstimes.com. ....

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