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Pershing Square SPARC Holdings, Ltd./DE

CIK 0001895582

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 ago

Three 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

Low

How 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

Moderate

How 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

    Aug 10, 2026

    24d ago

    Open filing
  • 10-Q

    Quarterly report

    Accession 0001193125-26-328113

    Jul 31, 2026

    1mo ago

    Open filing
  • 10-Q

    Quarterly report

    Accession 0001193125-26-216644

    May 11, 2026

    3mo ago

    Open filing
  • 4

    Statement of changes in beneficial ownership

    Accession 0001140361-26-016494

    Apr 24, 2026

    4mo ago

    Open filing
  • 10-K

    Annual report

    Accession 0001193125-26-119405

    Mar 23, 2026

    5mo ago

    Open filing
  • 10-Q/A

    10-Q/A

    Accession 0001193125-26-118666

    Mar 23, 2026

    5mo ago

    Open filing
  • 10-Q/A

    10-Q/A

    Accession 0001193125-26-118654

    Mar 23, 2026

    5mo ago

    Open filing
  • 10-Q/A

    10-Q/A

    Accession 0001193125-26-118643

    Mar 23, 2026

    5mo ago

    Open filing
  • 10-K/A

    10-K/A

    Accession 0001193125-26-118635

    Mar 23, 2026

    5mo ago

    Open filing
  • 10-Q

    Quarterly report

    Accession 0001193125-25-255886

    Oct 29, 2025

    10mo ago

    Open filing
  • 10-Q

    Quarterly report

    Accession 0001193125-25-177893

    Aug 11, 2025

    1y ago

    Open filing
  • 10-Q

    Quarterly report

    Accession 0000950170-25-063450

    May 5, 2025

    1y ago

    Open filing
  • 10-K

    Annual report

    Accession 0000950170-25-041418

    Mar 18, 2025

    1y ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0000950170-25-008791

    Jan 24, 2025

    1y ago

    Open filing
  • 10-Q

    Quarterly report

    Accession 0000950170-24-121412

    Nov 5, 2024

    1y ago

    Open filing
  • 10-Q

    Quarterly report

    Accession 0000950170-24-091432

    Aug 6, 2024

    2y ago

    Open filing
  • 10-Q

    Quarterly report

    Accession 0000950170-24-056987

    May 9, 2024

    2y ago

    Open filing
  • 10-K

    Annual report

    Accession 0000950170-24-034071

    Mar 20, 2024

    2y ago

    Open filing
  • 10-Q

    Quarterly report

    Accession 0001193125-23-273601

    Nov 8, 2023

    2y ago

    Open filing
  • 8-K

    Other events

    Item 8.01 · Accession 0001193125-23-267303

    Oct 31, 2023

    2y ago

    Open filing
  • EFFECT

    Notice of effectiveness

    Accession 9999999995-23-002835

    Oct 2, 2023

    2y ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0000899243-23-019636

    Sep 29, 2023

    2y ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0000899243-23-019635

    Sep 29, 2023

    2y ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0000899243-23-019634

    Sep 29, 2023

    2y ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0000899243-23-019631

    Sep 29, 2023

    2y ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0000899243-23-019629

    Sep 29, 2023

    2y ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0000899243-23-019628

    Sep 29, 2023

    2y ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0000899243-23-019626

    Sep 29, 2023

    2y ago

    Open filing
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001193125-23-247567

    Sep 29, 2023

    2y ago

    Open filing
  • 424B3

    Prospectus supplement

    Accession 0001193125-23-247555

    Sep 29, 2023

    2y ago

    Open filing

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.