secwatch.observer — SEC 8-K summary
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Issuer:     PERSHING SQUARE INC. (PS)
CIK:        0002026053
Form:       8-K
Filed at:   2026-05-01T23:59:59+00:00
Accession:  0001140361-26-018597
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 8.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2026053/000114036126018597/0001140361-26-018597-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2026053/000114036126018597/ny20040230x31_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-018597

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer