Bill Ackman Stirs Up SPAC Investors With Series of Tweets

Hedge Fund manager Bill Ackman got the speculative juices flowing on his SPAC, Pershing Square Tontine Holdings, Ltd. (NYSE: PSTH), with a series of tweets responding to investor questions.

One investor said it would be "awesome" if PSTH investors would be given first preference to buy into yet-announced PSTH-II at the IPO price. Ackman responded, "done."

In a follow-up question on how that would work, Ackman said "we have the technology."

Lastly, Ackman confirmed that a deal for PSTH will be announced before the second SPAC.

"Bill...can you atleast confirm that PSTH will be announced first before PSTH2," Aman Sharma asked. "Yes," Ackman responded.

The tweets have some investors thinking Ackman could be on the cusp of announcing a deal for the first SPAC.

Done https://t.co/HzQvklLBk0

— Bill Ackman (@BillAckman) February 26, 2021

We have the technology https://t.co/K0TvryHRyv

— Bill Ackman (@BillAckman) February 26, 2021

Yes https://t.co/vOPgSpyj8Y

— Bill Ackman (@BillAckman) February 26, 2021

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