Bill Ackman Reincorporates Management Company in Nevada
Investment firm Pershing Square's owner, Bill Ackman, has announced the reincorporation of his management company in Nevada. "We are reincorporating our management company in Nevada...," stated Ackman in response to a social media post, highlighting that leading law firms are advising clients to relocate their incorporations to Nevada and Texas over Delaware. Pershing Square declined to comment further, referring inquiries to Ackman's original post.
This move follows Elon Musk's decision to incorporate Tesla and SpaceX in Texas and Neuralink in Nevada last year. Musk's departure from Delaware came after a court ordered him to surrender his $56 billion compensation package.