SCHEDULE TO
This Amendment No. 1 (the Amendment) amends and supplements the Tender Offer Statement on Schedule TO (the Schedule TO)
originally filed with the Securities and Exchange Commission (the SEC) by Pershing Square Tontine Holdings, Ltd. (the Company) on July 8, 2021, with respect to an offer (the Warrant Exchange
Offer), by the Company to exchange all outstanding distributable redeemable warrants (the Public Warrants), at an exchange ratio of 0.2650 shares of Class A common stock, par value $0.0001 per share (the Class A
Common Stock), per Public Warrant, upon the terms and subject to the conditions set forth in the Offer to Exchange, dated July 8, 2021 (the Offer to Exchange) and the accompanying Exchange Offer Letter of Transmittal and
Consent (the Exchange Offer Letter of Transmittal), each of which was filed as an exhibit to the Schedule TO. The Warrant Exchange Offer was scheduled to expire at 11:59 p.m., New York City time, on August 9, 2021, unless extended
or earlier terminated.
Items 1 through 11 of the Schedule TO are hereby amended by adding the following new paragraphs thereto:
Termination of the Warrant Exchange Offer
On July 19, 2021, the Company issued a Press Release announcing that it was terminating the Warrant Exchange Offer after the Companys board of directors
unanimously determined that it was in the best interest of the Companys shareholders not to proceed with the Universal Music Group transaction as planned. The Press Release, dated July 19, 2021, is attached hereto as Exhibit (a)(5)(vii) and is
incorporated herein by reference
The Company has, in accordance with the terms of the Warrant Exchange Offer, notified Continental Stock Transfer &
Trust Company (the Depositary) of the termination of the Warrant Exchange Offer.
As a result of this termination, no Public Warrants
will be exchanged for shares of Class A Common Stock in the Warrant Exchange Offer and all Public Warrants previously tendered and not withdrawn will be promptly returned to tendering holders.
Item 12 of the Schedule TO and the Exhibit Index is hereby amended and supplemented by adding the following exhibit:
(a)(5)(vii) Press Release, dated July 19, 2021.