---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-018597"
form_type: "8-K"
ticker: "PS"
cik: "0002026053"
company_name: "PERSHING SQUARE INC."
filed_at: "2026-05-01T23:59:59+00:00"
generated_at: "2026-05-15T00:24:15.741592+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Pershing Square Inc. completes IPO and private placement; enters $350M credit facility

## Summary
- IPO of 8,103,392 shares completed April 30, 2026; no proceeds to company.
- Private placement of 16,643,862 shares also completed; no proceeds to company.
- Entered $350M credit facility ($250M revolver + $100M term loan), maturing April 2029, to fund $250M Anchor Investment in PSUS.
- Covenants include max leverage ratio 2.50x, minimum AUM, and NAV decline limits.
- Adopted 2026 Equity Incentive Plan, Amended and Restated Long-Term Incentive Plan, and Terms of M Units.

## SEC filing metadata
- accession: 0001140361-26-018597
- form_type: 8-K
- ticker: PS
- cik: 0002026053
- company_name: PERSHING SQUARE INC.
- filed_at: 2026-05-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2026053/000114036126018597/0001140361-26-018597-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2026053/000114036126018597/ny20040230x31_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-018597
- JSON: https://secwatch.observer/filing/0001140361-26-018597.json
- Plain text: https://secwatch.observer/filing/0001140361-26-018597.txt

## Source-grounded claims
- claim_id: ebc083dadc0f1e5ed87f0f11ae4490cb53a23e65
  claim: PERSHING SQUARE INC. incurred credit facility of $250,000,000 Revolving Facility and $100,000,000 Term Loan Facility with Bank of America, N.A., as administrative agent at Term SOFR, plus an applicable margin or a base rate maturing April 30, 2029.
  evidence_excerpt: on April 30, 2026, the Company and a syndicate of banks, led by Bank of America, N.A., as administrative agent, entered into a credit agreement (the “ Credit Agreement ”). The Credit Agreement consists of (i) a senior secured revolving credit facility (the “ Revolving Facility ”) in an aggregate principal amount of $250,000,000 and (ii) a senior secured term loan facility in an aggregate principal amount of $100,000,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/2026053/000114036126018597/0001140361-26-018597-index.htm
- claim_id: 340424547599a396284c289c08aca54e2cd6cc7e
  claim: PERSHING SQUARE INC. entered into Registration Rights Agreement (effective 2026-04-28).
  evidence_excerpt: the Registration Rights Agreement, dated April 28, 2026, by and among the Company and each of the other persons from time to time party thereto (the “ Registration Rights Agreement ”);
  evidence_url: https://www.sec.gov/Archives/edgar/data/2026053/000114036126018597/0001140361-26-018597-index.htm
- claim_id: 49197971af7cf9364b489063bbe64f0b6dc04d84
  claim: PERSHING SQUARE INC. entered into Credit Agreement with Bank of America, N.A., as administrative agent, and a syndicate of banks (effective 2026-04-30).
  evidence_excerpt: on April 30, 2026, the Company and a syndicate of banks, led by Bank of America, N.A., as administrative agent, entered into a credit agreement (the “ Credit Agreement ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/2026053/000114036126018597/0001140361-26-018597-index.htm
- claim_id: 9897658d06e26784adeca2f107bd8c4a3e881f9e
  claim: PERSHING SQUARE INC. entered into ManagementCo Registration Rights Agreement with Investors (effective 2026-04-28).
  evidence_excerpt: the Registration Rights Agreement, dated April 28, 2026, between the Company and the Investors (as defined therein) (the “ ManagementCo Registration Rights Agreement ”);
  evidence_url: https://www.sec.gov/Archives/edgar/data/2026053/000114036126018597/0001140361-26-018597-index.htm
- claim_id: f936a9bf90086fb482da1afe7629ebf90f69f457
  claim: PERSHING SQUARE INC. entered into Fourth Amended and Restated Agreement of Limited Partnership of Pershing Square Capital Management, L.P. with PSCM GP, LLC and PS CompCo, LLC (effective 2026-04-28).
  evidence_excerpt: the Fourth Amended and Restated Agreement of Limited Partnership of Pershing Square Capital Management, L.P., dated April 28, 2026, by and among PSCM GP, LLC, the Company and PS CompCo, LLC (the “ Fourth A&R LPA ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/2026053/000114036126018597/0001140361-26-018597-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.