Pershing Square Activist Presentation Deck
SPARC: Key Events to Date
The distribution, listing and trading of SPARs require SEC approval of
SPARC's registration statement and a new NYSE listing rule
June 25
SPARC confidentially files its registration statement with the SEC
2021
2022
August 24
September to
November
September 30
November 24
December 8
January
Shortly
May 8
NYSE files for initial rule change to allow listing of subscription warrants
SEC seeks comments on proposed rule; more than 160 comments submitted,
including by PSTH investors, Pershing Square, and Pershing Square's
advisors
SEC announces extension of its decision on the rule change to December 9th
SPARC publicly files its registration statement with the SEC
SEC publishes additional comments and institutes proceedings to determine
whether to approve or disapprove the rule change
Additional comments are submitted from Pershing Square, MIT Professor Hui
Chen, and unaffiliated PSTH investors including Odey Asset Management
We expect NYSE to file a revised rule change
Deadline for SEC to approve or disapprove NYSE's proposed rule change
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