I have a somewhat different opinion. He found a target, failed to meet SEC regulations with the negotiated deal and took the deal for his main fund. After that

I have a somewhat different opinion. He found a target, failed to meet SEC regulations with the negotiated deal and took the deal for his main fund. After that he basically threw the towel on the spac. This happened approx a year ago. Not finding a good deal is understandable, finding a deal and messing it up not so much. With his army of lawyers this looks from the outside more an deliberate strategy then a honest mistake. Edit: link https://www.bloomberg.com/news/articles/2021-07-19/pershing-square-decides-not-to-proceed-with-universal-music-deal https://www.bloomberg.com/news/articles/2021-07-19/pershing-...