Billionaire Investor Bill Ackman to Reincorporate Management Company in Nevada
Bill Ackman, the renowned founder of Pershing Square, announced his decision to reincorporate his management company in Nevada. In a recent social media post, the investor cited recommendations from leading law firms as the impetus behind the move, with Nevada and Texas emerging as preferred jurisdictions over Delaware.
This development follows the trend set by Elon Musk, who relocated Tesla and SpaceX to Texas and Neuralink to Nevada. Musk's choice to leave Delaware came after a legal battle related to his compensation package.
Pershing Square has not provided further comment beyond Ackman's social media post.