As of August 2021, PSTH has about 11 months remaining to enter into a letter of intent for its initial business combination.

Judge as of 2021-08-19. Under PSTH's charter, the deadline for signing a letter of intent was 24 months after its July 2020 IPO, about July 2022. True: PSTH's charter or prospectus shows a letter-of-intent deadline of about 11 months after 19 August 2021 (between about mid-June and late July 2022). Mostly true: the deadline existed, with a remaining window of about 10 to 12 months. Mostly false: the remaining time was materially different, or the deadline was for a definitive agreement or closing rather than a letter of intent and the time differs. False: there was no such deadline, or the time remaining was very different.

Set before the research began.

1. E1 10-K - SEC.gov U.S. Securities and Exchange Commission (EDGAR), filed by Pershing Square Tontine Holdings, Ltd. Own record

   “obligation to redeem 100% of the Public Shares if it does not complete its Initial Business Combination by July 24, 2022 (or January 24, 2023 if it has executed a letter of intent, agreement in principle or definitive agreement”

2. E2 10-K - SEC.gov U.S. Securities and Exchange Commission (EDGAR), filed by Pershing Square Tontine Holdings, Ltd. Own record

   “Our amended and restated certificate of incorporation provides that we have only 24 months (or 30 months from the closing of the initial public offering if we have executed a letter of intent, agreement in principle or definitive agreement”

3. E3 10-K - SEC.gov U.S. Securities and Exchange Commission (EDGAR), filed by Pershing Square Tontine Holdings, Ltd. Own record

   “On July 24, 2020, the Company consummated its Initial Public Offering of 200,000,000 units”

PSTH's 10-K shows that its IPO closed on July 24, 2020 (E3). Under its charter, it had to redeem public shares unless it completed a business combination by July 24, 2022. That date moved to January 24, 2023 if a letter of intent, agreement in principle or definitive agreement had been signed (E1, E2). In practice, a letter of intent had to be signed by about July 24, 2022, roughly 11 months after August 19, 2021. However, the charter sets this date as a deadline for completing the deal, with signing a letter of intent only extending it, not as a separate letter-of-intent deadline. That gap in framing is why the verdict is mostly true rather than true.