---
title: "Pershing Square Inc. Secures Board Seats at Pershing Square USA, Ltd. with 100% Stake"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285634753.md"
description: "Pershing Square Inc. has acquired a 100% stake in Pershing Square USA, Ltd.’s 7.50% Series A Cumulative Preferred Shares, allowing it to elect two trustees to the board. This investment, finalized on April 30, 2026, includes a long lock-up period until April 30, 2051. The company, led by William A. Ackman, is known for its activist investment strategy and aims to influence board decisions and operational improvements."
datetime: "2026-05-07T23:16:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285634753.md)
  - [en](https://longbridge.com/en/news/285634753.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285634753.md)
---

# Pershing Square Inc. Secures Board Seats at Pershing Square USA, Ltd. with 100% Stake

Pershing Square Inc., through its subsidiary, disclosed owning 100% of Pershing Square USA, Ltd.’s 7.50% Series A Cumulative Preferred Shares. The investment closed on April 30, 2026 alongside the company’s initial public offering of common shares. The preferred stake gives Pershing Square the right to elect two trustees and potential additional control if dividends go unpaid for two years.

**Investor Intent**

The preferred shares come with board rights: Pershing Square PSUS Holdings, LLC “will be entitled to elect two Trustees to the Issuer's Board of Trustees at all times,” and could elect a majority if two full years of preferred dividends go unpaid. The group otherwise states no current plans for actions like mergers, asset sales, or other changes listed under Item 4(a)-(j).

A long lock-up underscores a hold strategy. Under the Anchor Subscription Agreement, PSUS Holdings “will not… transfer any of such Common Shares or Preferred Shares until April 30, 2051,” absent the issuer’s consent.

**Investor's Background**

Pershing Square Inc. is a Nevada corporation that serves as the holding company for Pershing Square Capital Management, L.P. led by William A. Ackman. The firm is known for concentrated, long-term positions and high-conviction activism at large-cap companies. Pershing Square has built a track record of seeking board influence and operational improvements to drive value.

Original SEC Filing: Pershing Square USA, Ltd. \[ PSUS \] - SCHEDULE 13D - May. 07, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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