Here are the 424B prospectus supplements from Pershing Square USA, Ltd. (PSUS) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow PSUS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PSUS filings page.
Pershing Square USA, Ltd. is registering 40,516,960 Common Shares at $50.00 per share in an offering expected to be part of a combined transaction that, together with a concurrent private placement, targets $5,000,000,000 of aggregate gross proceeds.
The prospectus describes a non-diversified, closed-end investment company managed by Pershing Square Capital Management, L.P., pursuing concentrated, long-term large-minority stakes in 12–15 large-cap growth companies and using asymmetric hedges and modest leverage. The Company intends to issue $50 million aggregate liquidation preference of 7.50% Series A Preferred Shares concurrently.