Pershing Square SPARC Holdings, Ltd./DE
Cash in trust
—
Not yet disclosed
Trust per share
—
Redemption value
IPO
—
—
Combination deadline
—
Not disclosed
Filings on record
73
Latest Aug 10, 2026
Overview
Pershing Square SPARC Holdings, Ltd./DE is a special purpose acquisition company incorporated in Delaware and registered with the SEC under CIK 0001895582. The vehicle is sponsored by Pershing Square. IPO closed, trust funded, no definitive agreement announced.
Reading the filings
Arithmetic on what Pershing Square SPARC Holdings, Ltd./DE has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.
Sponsor record
Pershing Square has launched 2 vehicles. Of the 1 that have resolved, 0 closed a combination and 1 liquidated, a 0% completion rate. A sponsor's record is not a forecast, but it does tell you whether the team has taken a deal across the line before.
Scores
Recomputed 4m agoThree readings of Pershing Square SPARC Holdings, Ltd./DE, each an unweighted mean of the components shown beneath it, and each component a percentile against every live SPAC rather than an absolute we invented. They describe the setup, not the merit. How they are built
FOMO
LowHow much attention is this vehicle attracting right now?
7/100
- Filing activity14
1 in 30 days
- News coverage0
0 stories in 30 days
Attention is not quality. FOMO rises on news volume and on the market paying above trust, both of which have preceded plenty of disappointments.
Potential
ModerateHow likely is this vehicle to complete a combination, and at what scale?
36/100
- Sponsor record33
0.0%
- Stage40
searching
Potential is about execution, not about the target. It says nothing about whether the eventual deal is worth owning, because the target is usually unknown when the score is computed.
These are derived measures, not ratings of investment merit. They carry no view on the target, no price target and no recommendation, and a high score is not a reason to buy anything.
SEC filing history
Free tier: filings older than 24 hours- 40-APP
40-APP
Accession 0001140361-26-032051
- 10-Q
Quarterly report
Accession 0001193125-26-328113
- 10-Q
Quarterly report
Accession 0001193125-26-216644
- 4
Statement of changes in beneficial ownership
Accession 0001140361-26-016494
- 10-K
Annual report
Accession 0001193125-26-119405
- 10-Q/A
10-Q/A
Accession 0001193125-26-118666
- 10-Q/A
10-Q/A
Accession 0001193125-26-118654
- 10-Q/A
10-Q/A
Accession 0001193125-26-118643
- 10-K/A
10-K/A
Accession 0001193125-26-118635
- 10-Q
Quarterly report
Accession 0001193125-25-255886
- 10-Q
Quarterly report
Accession 0001193125-25-177893
- 10-Q
Quarterly report
Accession 0000950170-25-063450
- 10-K
Annual report
Accession 0000950170-25-041418
- 3
Initial statement of beneficial ownership
Accession 0000950170-25-008791
- 10-Q
Quarterly report
Accession 0000950170-24-121412
- 10-Q
Quarterly report
Accession 0000950170-24-091432
- 10-Q
Quarterly report
Accession 0000950170-24-056987
- 10-K
Annual report
Accession 0000950170-24-034071
- 10-Q
Quarterly report
Accession 0001193125-23-273601
- 8-K
Other events
Item 8.01 · Accession 0001193125-23-267303
- EFFECT
Notice of effectiveness
Accession 9999999995-23-002835
- 3
Initial statement of beneficial ownership
Accession 0000899243-23-019636
- 3
Initial statement of beneficial ownership
Accession 0000899243-23-019635
- 3
Initial statement of beneficial ownership
Accession 0000899243-23-019634
- 3
Initial statement of beneficial ownership
Accession 0000899243-23-019631
- 3
Initial statement of beneficial ownership
Accession 0000899243-23-019629
- 3
Initial statement of beneficial ownership
Accession 0000899243-23-019628
- 3
Initial statement of beneficial ownership
Accession 0000899243-23-019626
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001193125-23-247567
- 424B3
Prospectus supplement
Accession 0001193125-23-247555
Pershing Square SPARC Holdings, Ltd./DE: questions answered
What is Pershing Square SPARC Holdings, Ltd./DE?
Pershing Square SPARC Holdings, Ltd./DE is a special purpose acquisition company incorporated in Delaware and registered with the SEC under CIK 0001895582. The vehicle is sponsored by Pershing Square. IPO closed, trust funded, no definitive agreement announced.
How much does Pershing Square SPARC Holdings, Ltd./DE hold in trust?
No trust balance has been disclosed in a filing we have indexed for Pershing Square SPARC Holdings, Ltd./DE. For a newly priced IPO this is normal: the figure first appears in the quarterly report after closing.
When must Pershing Square SPARC Holdings, Ltd./DE complete a merger?
No combination deadline appears in the filings we have indexed. The date is stated in the charter and repeated in each quarterly report; where our parser could not establish it with confidence we leave it blank rather than infer one.
What happens if Pershing Square SPARC Holdings, Ltd./DE does not find a target in time?
The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.
Can I redeem shares in Pershing Square SPARC Holdings, Ltd./DE, and at what price?
Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.
Is the trust value the same as the share price for Pershing Square SPARC Holdings, Ltd./DE?
No. Trust per share is a disclosed, contractual figure: what a redeeming holder receives. The market price is whatever the shares change hands at, which can sit above the trust when a deal is well received or below it when the market doubts one will close. We do not have a current quote for this vehicle, so no spread is shown.
Who sponsors Pershing Square SPARC Holdings, Ltd./DE, and what is their track record?
Pershing Square is the sponsor entity, part of the Pershing Square franchise. That franchise has launched 2 vehicles in total, of which 0 closed a combination and 1 liquidated, a 0% completion rate on resolved vehicles. Named principals: William A. Ackman.
Is Pershing Square SPARC Holdings, Ltd./DE a good investment?
That is not a question this site answers. Pershing Square SPARC Holdings, Ltd./DE is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.
Where does this Pershing Square SPARC Holdings, Ltd./DE data come from?
Filings Pershing Square SPARC Holdings, Ltd./DE submitted to the SEC under CIK 0001895582: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.
Compiled by the SPACListing research desk
Last reconciled Sep 4, 2026
Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.
Read the full methodology · What is in the dataset · Report a correction
SPACListing is a reference-data service, not an investment adviser. Nothing here is a recommendation to buy or sell any security.
Continue reading
The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.
Pershing Square: the full record
Every vehicle this sponsor has launched, what closed, what liquidated and what is still live.
All spacs searching for a target
IPO closed, trust funded, no definitive agreement announced.
Deadline calendar
Which sponsors are running out of time, and when the extension votes land.
What is a SPAC?
The structure, the economics and where the risks actually sit.
SPAC glossary
Every term in a blank-check filing, defined the way practitioners use it.
How this data is built
Coverage universe, ingestion, normalisation, lifecycle classification and known limits.