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Bill Ackman Says His SPARC Funding Vehicle Would Work on Deal with Elon Musk s X

Bill Ackman Says His SPARC Funding Vehicle Would Work on Deal with Elon Musk s X
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Ackman s SPARC is seeking new deals with private companies

Ackman s SPARC is seeking new deals with private companies
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Ackman s SPARC is seeking new deals with private companies

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. 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.

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