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OMB APPROVAL
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OMB Number: 3235-0058
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Estimated average burden hours per response 2.50
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SEC FILE NUMBER
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001-39396
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CUSIP NUMBER
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71531R109
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION
OF LATE FILING
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(Check one):
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☐ Form 10-K
☐ Form 20-F ☐ Form 11-K
☒ Form 10-Q
☐ Form 10-D ☐ Form N-CEN ☐ Form N-CSR
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For Period Ended: March 31, 2021
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☐ Transition Report on Form 10-K
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☐ Transition Report on Form 20-F
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☐ Transition Report on Form 11-K
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☐ Transition Report on Form 10-Q
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For the Transition Period Ended:
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Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.
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If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:
N/A
PART I — REGISTRANT
INFORMATION
Pershing Square Tontine Holdings, Ltd.
Full Name of Registrant
N/A
Former Name if Applicable
787 Eleventh Avenue, Ninth
Floor
Address of
Principal Executive Office (Street and Number)
New York, NY, 10019
City, State and Zip Code
PART II — RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule
12b-25(b), the following should be completed. (Check box if appropriate)
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☒
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(a)
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The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
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(b)
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The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-CEN, or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or
transition report on Form 10-Q, or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the
prescribed date; and
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(c)
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The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
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PART III — NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition
report portion thereof, could not be filed within the prescribed time period.
Pershing Square Tontine Holdings, Ltd. (the “Company”) is unable
to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 (the “Form 10-Q”) on or prior to May 17, 2021 without unreasonable
effort and expense.
The Company has historically accounted for its distributable redeemable warrants, sponsor warrants, director warrants, forward
purchase agreement and director forward purchase agreement as equity. On April 12, 2021, the Staff of the U.S. Securities and Exchange Commission issued the “Staff Statement on Accounting and Reporting Considerations for Warrants Issued by
Special Purpose Acquisition Companies” (the “SEC Statement”), which clarified guidance for all SPAC-related companies regarding the accounting and reporting for warrants. The Company is currently evaluating the extent of the SEC
Statement’s impact on its financial statements, including its financial statements as of and for the fiscal quarter ended March 31, 2021 to be included in the Form 10-Q, and its financial statements
as of and for the year ended December 31, 2020 included in its Annual Report on Form 10-K. The Company is further evaluating the impact of the SEC Statement on its internal controls over financial
reporting related to accounting for its distributable redeemable warrants, sponsor warrants, director warrants, forward purchase agreement and director forward purchase agreement.
The Company currently expects to file the Form 10-Q for the fiscal period ended March 31, 2021 within the five-day extension period provided under Rule 12b-25 of the Securities Exchange Act of 1934, as amended.
PART IV — OTHER INFORMATION
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(1)
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Name and telephone number of person to contact in regard to this notification
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Michael Gonnella
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(212)
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813-3700
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(Name)
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(Area Code)
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(Telephone Number)
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(2)
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Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that
the registrant was required to file such report(s) been filed? If answer is no, identify report(s). Yes ☒ No ☐
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(3)
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Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion
thereof? Yes ☐ No ☒
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If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
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PERSHING SQUARE TONTINE HOLDINGS, LTD.
(Name of Registrant as Specified in Charter)
has
caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
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Date: May 17, 2021
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By:
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/s/ Michael Gonnella
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Name: Michael Gonnella
Title: Chief Financial
Officer
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