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Everspin Technologies, Inc. engages in the provision of magnetoresistive random access memory (MRAM) solutions. Its products include Toggle MRAM, Spin-transfer Torque MRAM, TMR Sensors, and Embedded MRAM. The company was founded by Saied Tehrani on May 16, 2008 and is headquartered in Chandler, AZ.

Everspin Technologies Inc

Everspin Technologies is currently experiencing significant momentum and volatility driven by its specialized memory technology, which is increasingly viewed as a critical component for AI, data centers, and defense applications. The community is heavily focused on the stock's potential as a 'hidden gem' with a low float, with many participants actively debating whether this is the start of a parabolic squeeze or a speculative bubble.

The Internet Computer is a decentralized cloud blockchain designed to run applications, websites, and backend systems fully on-chain. Its architecture provides robust security, resilience, and built-in multi-chain support.  A key focus of the network is enabling a “self-writing cloud,” where AI tools allow users generate applications through natural-language instructions.  Developers and users can experiment with the platform using AI app-generation tools like caffeine.ai or by writing serverless code directly through online IDEs such as icp.ninja.  The ICP token is used to pay for computation (through a burn-based model) and to participate in network governance through staking.

Internet Computer

Internet Computer (ICP) is generating significant community buzz as investors highlight its potential as a sovereign, decentralized cloud infrastructure alternative to Big Tech. While the community is actively debating the impact of upcoming tokenomics shifts and mission-driven network upgrades, momentum-focused traders are closely watching price action and accumulation levels in a high-volatility market.

JasmyCoin is based on the ERC 20 standard. The token can also be used by an unspecified number of individuals and businesses to transfer tokens using digital devices as proof of value exchange or payment for services. By not limiting its usability, the token can have a wide range of purposes.

JasmyCoin

JasmyCoin is seeing heightened trading volume and retail accumulation, driven by trader enthusiasm for its data-focused ecosystem and Japanese blockchain initiatives. Community members are actively debating the token's technical breakout potential while monitoring its correlation with broader crypto market trends and ongoing speculation regarding ecosystem expansion.

Rocket Lab Corp. engages in the development of rocket launch and control systems for the space and defense industries. It operates through the Launch Services and Space Systems segments. The Launch Services segment provides launch services to customers on a dedicated mission or ride-share basis. The Space Systems segment consists of spacecraft engineering and design services, spacecraft components, spacecraft manufacturing, and on-orbit mission operations. The company was founded by Peter Beck in 2006 and is headquartered in Long Beach, CA.

Rocket Lab Corp.

Rocket Lab USA Inc

Rocket Lab is surging as a primary beneficiary of record earnings, an expanding backlog, and a significant defense contract, fueling investor confidence in its transition from a pure launch provider to a vertically integrated space infrastructure platform. The community is actively debating the stock's parabolic trajectory and aggressive institutional accumulation, with bulls highlighting the potential for long-term growth as the broader sector benefits from the anticipation of future IPOs.

The Ondo Foundation was founded in 2022 as an independently governed and nonprofit Cayman Islands Foundation Company with no beneficial owners. The Ondo Foundation assisted in the launch of the Ondo DAO, which deployed and currently governs Flux Finance, the first lending protocol supporting tokenized securities as collateral.  ONDO token holders are entrusted with shaping the future of the Ondo DAO so that it continues to pursue its mission to democratize access to institutional-grade finance. The Ondo DAO gives ONDO holders specific rights pertaining to Flux Finance, which is currently governed by the Ondo DAO.

Ondo

Ondo is generating significant community conversation as investors speculate on its potential role as a leader in the tokenized real-world assets (RWA) space, particularly following reports of a positive conclusion to its regulatory investigation. While some participants are actively accumulating in anticipation of long-term institutional adoption, others express frustration over price volatility and the impact of scheduled token unlocks.

Innodata, Inc. is a data engineering company, which engages in providing artificial intelligence software platforms and management of its services. It operates through the following business segments: Digital Data Solutions (DDS), Synodex, and Agility. The DDS segment combines deep neural networks and human expertise in multiple domains to make unstructured information useable. The Synodex segment enables clients in the insurance and healthcare sectors to transform medical records into useable digital data and to apply technologies to the digital data to augment decision support. The Agility segment provides tools and related professional services that enable public relations and communications professionals to discover influencers, amplify messages, monitor coverage, and measure the impact of campaigns. The company was founded by Todd H. Solomon in 1988 and is headquartered in Ridgefield Park, NJ.

Innodata Inc

Innodata is surging following record-breaking quarterly financial results that significantly exceeded revenue and earnings expectations, further fueled by a major new customer engagement. The community is actively discussing the potential for a massive short squeeze and long-term valuation repricing, as investors focus on the company's accelerating adoption in the AI data infrastructure sector.

Moderna, Inc. engages in the development of transformative medicines based on messenger ribonucleic acid. The firm's product pipeline includes the following modalities: prophylactic vaccines, cancer vaccines, intratumoral immuno-oncology, localized regenerative therapeutics, systemic secreted therapeutics, inhaled pulmonary therapeutics and systemic intracellular therapeutics. It operates through the following geographical segments: United States, Europe, and Rest of World. The company was founded by Noubar B. Afeyan, Robert S. Langer, Jr., Derrick J. Rossi, and Kenneth R. Chien in 2010 and is headquartered in Cambridge, MA.

Moderna Inc

Moderna shares have experienced a sharp, multi-day surge driven by the disclosure of early-stage research into an mRNA-based hantavirus vaccine. Investors are aggressively betting on the stock as a potential play on heightened pandemic awareness, with the community actively speculating on the stock's parabolic potential and closely watching for further virus-related news or government updates.

Sui s a Layer 1 blockchain developed by Mysten Labs, a team founded by former lead engineers from Meta’s blockchain research division. It is designed for global adoption by providing a secure, high-speed environment for digital asset ownership and removing technical barriers for Web3 applications. The platform utilizes the Move programming language to create a safe framework and supports horizontal scaling to keep fees stable and speeds high as the network grows. Significant institutional support comes from major venture capital firms including Andreessen Horowitz, Coinbase Ventures, Circle Ventures, and YZi Labs.  The system functions by organizing data into independent objects rather than a single ledger of accounts. This object-centric data model enables parallel execution, allowing the network to process many transactions simultaneously instead of waiting for one to finish before starting the next. This architecture is built for rapid transaction finalization to ensure near-instant results. To maintain long-term stability, the network collects fees into a storage fund that rewards validators for keeping data on the network indefinitely.  Sui offers several advanced tools including zkLogin for easier account access and sponsored transactions that allow users to interact with apps without managing complex wallets or immediate fees. Developers can also create tailored object types that work across the entire network, which encourages innovation and deep composability. These features are designed to create a more user-friendly experience for interacting with decentralized applications and digital games.  The SUI token is central to the ecosystem, serving as the primary asset for transaction fees and on-chain utility within decentralized exchanges and lending platforms. Users participate in a proof-of-stake mechanism by locking their tokens to support validators and secure the blockchain in exchange for rewards. Additionally, token holders have a role in governance, allowing them to participate in voting on network rules and future protocol upgrades. Value moves through the system through these staking rewards and transaction fees to ensure the platform scales sustainably

SUI is generating significant community enthusiasm following the CME Group's decision to include its futures in their crypto derivatives suite, a move many traders view as a major institutional validation. Investors are actively discussing the token's technical strength compared to other Layer-1 networks, with many focusing on accumulation strategies while keeping a close watch on key resistance levels.

Rackspace Technology, Inc. engages in the provision of end-to-end multi-cloud technology services. The firm designs, builds and operates its customers’ cloud environments across technology platforms. It operates through the following segments: Multicloud Services and Apps & Cross Platform. The Multicloud Services segment includes public and private cloud managed services offerings, as well as professional services related to designing and building multicloud solutions and cloud-native applications. The Apps & Cross Platform segment includes managed applications, managed security and data services, as well as professional services related to designing and implementing application, security and data services. The company was founded on July 21, 2016 and is headquartered in San Antonio, TX.

Rackspace Technology Inc

Rackspace Technology is surging on massive volume as investors weigh its pivot toward governed enterprise AI infrastructure, headlined by a strategic MOU with AMD, against concerns over the company's significant debt load. Community discussion is polarized between bulls betting on a fundamental turnaround and potential short squeeze, and bears warning of imminent share dilution and long-term solvency risks.

XRP is a decentralized digital asset and the native token of the XRP Ledger, a Layer 1 blockchain designed for high-performance global payments. Its primary value proposition is offering a fast, cost-effective alternative to traditional banking systems by enabling near-instant cross-border settlements that finalize in three to five seconds. By serving as a neutral bridge asset between different fiat currencies, it helps financial institutions lower liquidity costs and eliminates the need for pre-funded accounts.  The network is unique because it utilizes a federated consensus protocol instead of energy-intensive mining or staking. This system achieves deterministic finality through a Unique Node List of trusted validators who must reach an eighty percent agreement threshold to permanently record transactions. This infrastructure supports a sustained throughput of 1,500 transactions per second and includes a built-in decentralized exchange that allows for the automated trading of any tokenized asset without intermediaries.  The project traces its origins back to 2004 with Ryan Fugger before being co-founded in its modern form by Jed McCaleb and Chris Larsen. The company, now known as Ripple, works with major financial institutions as partners and investors to build global payment solutions. To protect the network from spam, a small amount of XRP is burned during every transaction, and the token is further utilized by institutions as collateral to access traditional markets and manage digital asset infrastructure.  Institutional adoption of the asset reached a major milestone in November 2025 when the SEC approved the first wave of spot XRP ETFs. These products, offered by major issuers including Bitwise, Grayscale, 21Shares, Canary Capital, and Franklin Templeton, are now listed on prominent exchanges like the NYSE Arca, Nasdaq, and Cboe BZX. While Ripple remains a key contributor to the ecosystem, the underlying XRP Ledger continues to operate as an open-source and decentralized network.

Ripple

XRP is trending as investors closely monitor the upcoming Senate markup of the Clarity Act, which many believe could remove a significant barrier for institutional adoption. While some community members are frustrated by the token's stagnant price action relative to other major assets, others remain optimistic, pointing to recent real-world integration news and strong ETF inflow data as key indicators of long-term potential.

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<ul class="summary-bullets"><li>Pershing Square stated in its filing that the offering will take a dual listing approach.</li><li>This includes the shares of Pershing Square USA, a closed-end fund, as well as Pershing Square Inc., the hedge fund and the prospective parent company of Pershing Square Capital Management.</li><li>For every 100 shares of the closed-end fund subscribed by investors, they will also receive 20 shares of the hedge fund.</li></ul>Bill Ackman has kicked off marketing for the initial public offering of his hedge fund and closed-end fund, adopting a dual-listing approach and expecting to raise between $5 billion and $10 billion.The combined IPO will result in two companies being taken public. This includes Pershing Square Inc. (PS), the prospective parent company of Pershing Square Capital Management, and a closed-end fund, Pershing Square USA (PSUS).In its filing with the U.S. Securities and Exchange Commission (SEC), Pershing Square stated that it has already secured $2.8 billion in commitments ahead of the IPO.<h2 class="st-heading-2">Ackman Touts ‘Extraordinary Economic Characteristics’</h2>In a letter to shareholders, the billionaire investor touted “extraordinary economic characteristics” of Pershing Square as he sought to explain the fund’s long-term goal.“Our long-term goal for Pershing Square Inc. is to build one of the most valuable companies in the world by generating one of the best long-term performance records of any investor ever,” Ackman said.He added that, with permanent capital, Pershing Square has the ideal structure to pursue its investment strategy, which involves acquiring and long-term owning what the company considers some of the greatest businesses and long-term compounders of shareholder value.Ackman also explained that PSI can be considered a “meta” company, earning long-term fees from funds invested in high-quality businesses. He said that Pershing Square’s focus on liquid, large-cap stocks allows it to adjust positions easily and stay invested without pressure from investor flows.<h2 class="st-heading-2">What Will Investors Get?</h2>Investors who subscribe to shares of Pershing Square USA will also receive shares of the hedge fund, Pershing Square Inc. According to the SEC filing, investors who buy 100 shares of the closed-end fund PSUS will also receive 20 shares of the hedge fund, PSI.The closed-end fund’s shares are priced at $50 apiece, and the shares they will receive in the hedge fund will come at no extra cost.Investors participating in the $2.8 billion private placement will receive 30 shares of the hedge fund for every 100 shares of the closed-end fund, according to the filing.<h2 class="st-heading-2">Nearly Two-Year Delay</h2>Ackman had previously sought to take Pershing Square public in 2024, at a valuation of up to $25 billion. However, he shelved the plans, citing “enormous” sensitivity to the transaction size, in a letter to shareholders in July 2024.Pershing Square has about $30.7 billion in assets under management. The company stated that its closed-end fund, PSUS, will charge a 2% management fee but not a performance fee.<a href="https://stocktwits.com/symbol/PSHZF">PSHZF stock</a> was flat in Monday’s pre-market trade. The Renaissance IPO ETF (IPO) is up 26% over the past 12 months.Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/nio-stock-extrends-rally-es9-debut-ceo-40-50-deliveries-growth-2026/cZJFHtYRIMx">NIO Stock Extends Rally On ES9 Debut, CEO Reaffirms 40% To 50% Delivery Growth Target In 2026</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Bill Ackman attends Legion of Honour Award Ceremony and Dinner for Olivia Tournay Flatto at the Park Avenue Armory on October 19, 2022 in New York City. (Photo by Sylvain Gaboury/Patrick McMullan via Getty Images)

Bill Ackman Begins Marketing Pershing Square IPO, Touts ‘Extraordinary Economic Characteristics’ As He Looks To Raise Up To $10B

Pershing Square stated that it has secured $2.8 billion in commitments ahead of the IPO.

Equity

<ul class="summary-bullets"><li>Pershing Square CEO Ackman stated that the issues dragging down the UMG stock would be addressed by this deal.</li><li>Pershing Square highlighted some of the issues weighing on UMG stock, including the postponement of UMG’s U.S. listing and the underutilization of its balance sheet, among other factors.</li><li>The company stated that UMG will be merged with Pershing Square SPARC Holdings, and the new entity will be listed on the New York Stock Exchange.</li></ul>Bill Ackman-led Pershing Square Capital Management’s (PSHZF) proposal to acquire Universal Music Group NV (UMGNF) sent UMG stock soaring on Tuesday.Pershing Square announced that UMG shareholders will receive €5.05 ($5.84) per UMG share, amounting to €9.4 billion in total.The company said the cash-and-stock deal values UMG at €30.4 per share, representing a 78% premium over Universal Music’s last closing price.<a href="https://stocktwits.com/symbol/UMGNF">UMG’s shares</a> were up nearly 11% at the time of writing.<h2 class="st-heading-2">Ackman Says Deal Would Address Issues Pulling Down UMG Stock</h2>Pershing Square CEO Bill Ackman stated that the issues dragging down the UMG stock would be addressed by this deal.“UMG's stock price has languished due to a combination of issues that are unrelated to the performance of its music business, and importantly, all of them can be addressed with this transaction,” Ackman said.Pershing Square highlighted some of the issues dragging down the UMG stock, including the postponement of UMG’s listing in the U.S., the underutilization of its balance sheet, which it says has led to reduced returns on equity, and the absence of a publicly disclosed capital allocation plan, as well as the earnings algorithm.The company also stated that there is uncertainty regarding the Bolloré Group’s 18% stake in UMG, and noted that Universal Music Group’s investor relations and communications are suboptimal.<h2 class="st-heading-2">UMG To Be Listed On NYSE Post Merger</h2>Pershing Square also stated that UMG will be merged with Pershing Square SPARC Holdings, and the new entity will be incorporated in Nevada. The merged entity will also be listed on the New York Stock Exchange, the company said.Pershing Square also added that the newly merged entity, New UMG, will publish its financial statements under U.S. GAAP and be eligible for inclusion in the S&amp;P 500 and other indexes.UMG was spun out of Vivendi in 2021, with the company’s controlling shareholder, the Vincent Bolloré-led Bolloré Group, retaining a stake. According to the Bolloré Group’s latest disclosure as of Dec. 31, 2024, it held an 18.5% stake in UMG.<a href="https://stocktwits.com/symbol/UMGNF">UMGNF stock</a> is down 15% year-to-date, while&nbsp;<a href="https://stocktwits.com/symbol/PSHZF">PSHZF stock</a> is down 17%. The&nbsp;<a href="https://stocktwits.com/symbol/ACKY">VistaShares Target 15 ACKtivist Select Income ETF</a> (ACKY) is down 11% over the past 12 months.€1 = $1.16Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/trump-new-100-pharma-tariffs-companies-no-deal-yet/cZ7xDpiRI8S">Trump Administration Prepares Up To 100% Pharma Tariffs On Drugs From Companies That Have Not Struck A Deal Yet: Report</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Bill Ackman-Led Pershing Square’s Acquisition Proposal Sends UMG Stock Soaring

The company said the cash-and-stock deal values UMG at €30.4 per share, representing a 78% premium over Universal Music’s last closing price.

<ul class="summary-bullets"><li>Pershing Square stated in its filing that the offering will take a dual listing approach.</li><li>This includes the shares of Pershing Square USA, a closed-end fund, as well as Pershing Square Capital Management.</li><li>For every 100 shares subscribed by investors through the IPO, they will also receive 20 shares of the hedge fund.</li></ul>Investor Bill Ackman’s hedge fund, Pershing Square, has filed for a $10 billion initial public offering (IPO) to list on the New York Stock Exchange following a delay of more than a year.In its filing with the U.S. Securities and Exchange Commission (SEC), Pershing Square stated that it has secured $2.8 billion in commitments ahead of the IPO. The company is seeking to raise between $5 billion and $10 billion, according to the filing.Ackman had previously sought to take Pershing Square public in 2024.<h2 class="st-heading-2">Pershing To Adopt A Dual Listing Structure</h2>Pershing Square stated in its filing that the offering will take a dual listing approach. This includes the shares of Pershing Square USA, a closed-end fund, as well as those of Pershing Square Capital Management, a hedge fund.For every 100 shares subscribed by investors through the IPO, they will also receive 20 shares of the hedge fund. Investors participating in the $2.8 billion private placement will receive 30 shares of the hedge fund for every 100 shares of the closed-end fund, according to the filing.Investors will be able to subscribe to the company's shares at $50 apiece. Pershing Square common shares trade under the symbol “PS” while the closed-end fund’s shares will trade under the symbol “PSUS.”<h2 class="st-heading-2">Ackman’s Pivot</h2>The Pershing Square IPO filing comes after Ackman’s attempt to list the closed-end fund at a valuation of $25 billion fell apart in 2024.Ackman stated in a July 2024 letter to shareholders that there is an “enormous” sensitivity to the size of the transaction.“Particularly in light of the novelty of the structure and closed-end funds’ very negative trading history, it requires a significant leap of faith and ultimately careful analysis and judgment for investors to recognize that this closed-end company will trade at a premium after the IPO when very few in history have done so,” he said.The investor has cited Warren Buffett as his inspiration behind launching Pershing Square, according to a CNBC&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.cnbc.com/2024/07/14/ackman-says-buffetts-career-inspired-him-to-ipo-pershing-square-funds.html">report</a>. “I found eventually copies of the early Buffett partnership letters, which told an interesting story. And that story was really the inspiration behind launching Pershing Square,” he said.<a href="https://stocktwits.com/symbol/PSHZF">PSHZF stock</a> was up nearly 4% in Tuesday’s opening trade.Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/iran-middle-east-attacks-us-military-targets-legitimate-trump-warns-20-harder/cZdonI1RIeM">Iran Reportedly Defends Attacks On US Military Bases In The Middle East As ‘Legitimate Targets,’ Trump Warns Of 20X Retaliation Over Strait Of Hormuz Threat</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Bill Ackman’s Pershing Square Files For IPO After A Delay Of More Than A Year

In its filing with the U.S. Securities and Exchange Commission, Pershing Square stated that it has secured $2.8 billion in commitments ahead of the IPO.

<ul class="summary-bullets"><li>The firm’s partners are reportedly planning to offer up to 10% of their shares as part of the dual listing.</li><li>The closed-end fund is expected to mimic Ackman's existing hedge fund but offer lower fees and faster access to capital.</li><li>Ackman said last year he planned to list a similar fund, but temporarily pulled the listing after raising only about $2 billion.</li></ul>Hedge fund manager Bill Ackman reportedly aims to raise $5 billion for his U.S.-listed closed-end fund, including $2 billion from well-known institutional investors who will anchor the deal.According to a Bloomberg News <a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.bloomberg.com/news/articles/2025-11-25/ackman-s-pershing-targets-5-billion-ipo-for-closed-end-fund">report</a> citing people familiar with the matter, the closed-end fund's initial public offering will coincide with the IPO of his hedge fund, Pershing Square Capital Management. The report further stated that Pershing would give fund investors some free shares in Pershing Square Capital as part of the deal.<h2 class="st-heading-2">Market Debut Could Come As Soon As Q1</h2>The firm’s partners are reportedly planning to offer up to 10% of their shares as part of the dual listing, which could take place as early as the first quarter. According to a Reuters News <a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.reuters.com/business/finance/ackmans-pershing-targets-5-billion-ipo-closed-end-fund-bloomberg-news-reports-2025-11-25/">report</a>, the closed-end fund is expected to mimic Ackman's existing hedge fund but offer lower fees and faster access to capital. The move could increase the fund’s appeal among a broader pool of investors, including pension funds, endowments, and retail investors who are typically excluded from hedge funds.Ackman said last year he planned to list a similar fund, Pershing Square USA Ltd., on the New York Stock Exchange and intended to raise as much as $25 billion, but temporarily pulled the listing after only raising about $2 billion.The closed-end fund structure reportedly made it difficult to raise capital because such funds often trade at a discount to their underlying assets. The Bloomberg report stated that potential buyers held back from investing in the IPO, believing they could purchase the fund at a lower price after the listing. The proposal to include free shares could bolster appeal.As per Reuters, Pershing Square oversees about $21 billion in assets, primarily held in its London-listed closed-end fund, Pershing Square Holdings. This fund has posted a 17.2% return since January and double-digit returns in both 2024 and 2023. Retail sentiment on Stocktwits about Pershing Square was in the ‘neutral’ territory at the time of writing.Ackman sold a 10% stake in Pershing in a private deal that valued it at more than $10 billion ahead of the planned IPO last year. In May, Pershing boosted its stake in Howard Hughes Holdings to almost 47%, to build an insurer and expand the real estate company into a conglomerate with controlling stakes in other public and private businesses.<h2 class="st-heading-2">IPO Market Boom</h2>According to Renaissance Capital data, 194 IPOs of companies with a market capitalization of $50 million or more have been priced this year, a 48.1% increase from last year. U.S. firms have raised $36.4 billion in proceeds.Also See: <a href="https://stocktwits.com/news-articles/markets/equity/abercrombie-and-fitch-retail-traders-erupt-in-cheer-as-stock-scores-best-day-ever-on-blowout-q3-ceo-sees-great-momentum-into-holidays/cL534U8REg1">Abercrombie &amp; Fitch Retail Traders Erupt In Cheer As Stock Scores Best Day Ever On Blowout Q3 — CEO Sees ‘Great Momentum’ Into Holidays</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Bill Ackman attends 2023 CSHL Double Helix Medals Dinner at American Museum of Natural History on November 15, 2023 in New York. (Photo by Patrick McMullan via Getty Images)

Bill Ackman Targets $5B IPO For New US Fund, With Some Free Shares As Sweetener: Report

According to a Bloomberg News report, the IPO of the closed-end fund will coincide with that of his hedge fund, Pershing Square Capital Management.

Bill Ackman’s Pershing Square is set to invest $900 million in Howard Hughes Holdings Inc. (HHH) to raise its <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.globenewswire.com/news-release/2025/05/05/3073918/0/en/Pershing-Square-to-Invest-900-million-to-Acquire-Nine-Million-Newly-Issued-Shares-of-Howard-Hughes-Holdings-and-Transform-HHH-Into-a-Diversified-Holding-Company.html">stake</a> in the real estate company to 46.9%. HHH shares surged over 7% in Monday’s pre-market following the announcement.Pershing Square will acquire nine million newly issued shares of HHH. The companies said that the investment will enable HHH to acquire controlling stakes in high-quality, durable growth public and private operating firms while continuing to invest in and grow its core real estate development and Master Planned Communities business.Pershing Square will pay $100 per share to acquire its stake, representing a 48% premium to HHH’s closing share price on Friday.Ackman’s company said it “has generally agreed to limit its voting power to 40% and its beneficial ownership to 47%.”While Ackman has been named the Executive Chairman of the HHH Board of Directors, Ryan Israel, Pershing Square’s Chief Investment Officer, will become HHH’s Chief Investment Officer. Meanwhile, the HHH leadership team, led by CEO David O’Reilly, will remain unchanged with expanded roles and responsibilities.Ackman stated that HHH has built substantial value for shareholders in recent years that has largely gone unrecognized due to the high cost of capital that the market assigns to the company in light of its pure-play exposure to real estate development and community creation.“We believe that HHH is a superb platform to build a faster-growing, high-returning holding company that will acquire control of companies that meet Pershing Square’s criteria for business quality and durable growth,” he said.The two companies have been busy <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.bloomberg.com/news/articles/2025-05-05/ackman-s-pershing-square-to-invest-900-million-in-howard-hughes">pitching</a> and rejecting potential deals over the last few months. In January, Ackman’s firm had reportedly pitched a deal to merge a newly formed subsidiary with Howard Hughes.The offer was revised a month later after Pershing Square agreed to acquire 10 million freshly issued HHH shares for $90 apiece. However, Howard Hughes later said the deal wasn’t acceptable.<a href="https://stocktwits.com/symbol/HHH">HHH shares</a> dipped 11% in 2025 but have been up nearly 7% in the past 12 months.Also See: <a href="https://stocktwits.com/news-articles/markets/equity/warren-buffett-to-remain-berkshire-hathaway-chairman/chi5UXARbKo">Berkshire Hathaway Board Votes: Warren Buffett To Remain Chairman, Greg Abel To Become CEO Starting 2026: Report</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Bill Ackman’s Pershing Square To Invest $900M In Howard Hughes Holdings

Ackman stated that Howard Hughes has built substantial value for shareholders in recent years, but this value has largely gone unrecognized due to the high cost of capital that the market assigns to the company.

Billionaire hedge fund manager Bill Ackman went on an offensive late Sunday night against President Donald Trump's tariff policy that has sent global markets into a tizzy and sparked fears of a recession.In a lengthy&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/BillAckman/status/1908992002366292286">post</a> on social media platform X (formerly Twitter), Ackman acknowledged that Trump had framed tariffs as the most pressing geopolitical issue as other nations had exploited trade imbalances at the expense of American jobs and economic growth.Ackman warned that Trump's "massive and disproportionate tariffs on our friends and our enemies alike"&nbsp;risk sparking a global "economic nuclear war" and urged the president to "call a 90-day time out" to negotiate better trade deals and restore confidence."If, on the other hand, on April 9th we launch [an] economic nuclear war on every country in the world, business investment will grind to a halt, consumers will close their wallets and pocketbooks, and we will severely damage our reputation with the rest of the world that will take years and potentially decades to rehabilitate."&nbsp;"Business is a confidence game," he wrote. "The president is losing the confidence of business leaders around the globe."Wall Street is enduring one of its most&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/us-stock-market-losses-approach-10-trillion-under-trump-second-term/chfaiV5Rb7I">brutal</a> periods, with nearly $10 trillion in market value wiped out since Trump began his second term in January.&nbsp;The <a href="https://stocktwits.com/symbol/SPX">S&amp;P 500</a> is heading into more choppy waters on Monday after posting its worst week since the onset of the COVID-19 pandemic.Ackman also dismissed the idea that he has "somehow positioned our portfolio to benefit from my recommended 90-day pause on the implementation of reciprocal tariffs."&nbsp;The billionaire investor, who heads Pershing Square Capital Management, was one of Trump's most prominent backers on Wall Street in the run-up to his electoral victory last year.Ackman also alleged that Trump's Commerce Secretary, Howard Lutnick — the former chairman and CEO of Cantor Fitzgerald — has a serious conflict of interest, claiming "he and Cantor are long bonds" and "profits when our economy implodes."&nbsp;"I am proudly long America," Ackman wrote.Replying to a post claiming Trump's government aimed to eliminate capital gains tax in 2025, Ackman&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/BillAckman/status/1909051510291603497">said</a>, "There won't be any capital gains to tax."On Sunday night aboard Air Force One, Trump told reporters, "I don't want anything to go down, but sometimes you have to take medicine to fix something."Earlier on Truth Social, he defended his tariffs, claiming they were a&nbsp; "beautiful thing to behold." He added, "Some day people will realize that Tariffs, for the United States of America, are a very beautiful thing!"For updates and corrections, email newsroom[at]stocktwits[dot]com.

Bill Ackman speaks at The 2024 Pershing Square Foundation Prize Dinner at the Park Avenue Armory at the Park Avenue Armory on June 17, 2024 in New York City. (Photo by Jared Siskin/Patrick McMullan via Getty Images)

Bill Ackman Says There Won't Be Any Capital Gains To Tax This Year As Markets Quake From Trump Tariffs: 'I Am Proudly Long America'

The billionaire investor, who heads Pershing Square Capital Management, was one of Trump's most prominent backers on Wall Street in the run-up to his electoral victory last year.

Bill Ackman Says There Won't Be Any Capital Gains To Tax This Year As Markets Quake From Trump Tariffs

The billionaire investor, who heads Pershing Square Capital Management, was one of Trump's most prominent backers on Wall Street in the run-up to his electoral victory last year.


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