Bill Ackman to reincorporate management company in Nevada

Bill Ackman Reincorporates Management Company in Nevada

Billionaire investor Bill Ackman, owner of investment firm Pershing Square, announced Saturday he is reincorporating his management company in Nevada.

"We are reincorporating our management company in Nevada...," Ackman stated in response to a post on Twitter. He added that leading law firms recommend Nevada and Texas over Delaware.

Neither Ackman nor Pershing Square immediately responded to a Reuters request for comment outside business hours.

Elon Musk previously moved Tesla and SpaceX's incorporation to Texas, and Neuralink's incorporation to Nevada, in 2021. Musk's relocation from Delaware followed a court order directing him to surrender his $56 billion compensation package.

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Bill Ackman to reincorporate management company in Nevada

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