ClaimsBill Ackman

“Notably, the proposed then abandoned PSTH/UMG de-SPAC transaction is the only SPAC business combination transaction of which we are aware where the sponsor would have received no additional consideration in the form of fees, founder stock, promotes or other benefits compared to other shareholders.”

Bill Ackman, PSTH CEO, in investor letter 19 August 2021 Pershing Square Holdings, Ltd. Provides Update to Investors (Pershing Square Holdings)

Factual Their own work or organisation

The abandoned PSTH/UMG deal is the only SPAC business combination known to the speaker where the sponsor would have received no additional consideration versus other shareholders.

Unresolvable The public record could not settle it.

Factual: Statements about the present or the past, checked against the record: did they hold up?

Said for an organisation they lead or work for; it counts on both records.

Reasoning

It rests on the speaker's personal knowledge of all SPAC deals, which can't be verified.

Cite this claim

Bill Ackman, “The abandoned PSTH/UMG deal is the only SPAC business combination known to the speaker where the sponsor would have received no additional consideration versus other shareholders.” (said 19 August 2021). Verdict: unresolvable. Reliability API, claim c_ca67d2748536, method 0.1.0+c876030c, dataset release v1.1.2. https://epistacklabs.com/claims/c_ca67d2748536

This claim is in dataset release v1.1.2, with the same verdict.

Reply to this claim

For Bill Ackman, or someone speaking for them: a correction or counter-evidence. Replies are read before anything is shown; an approved reply shows your name, role, date, statement and link. Your email address is never shown and is deleted 30 days after the decision (privacy).

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  5. Mixed Factual August 2024
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All of them

Verdicts are made automatically; how verdicts are made.