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Billionaire Ackman to reincorporate management company in Nevada
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Billionaire Ackman to reincorporate management company in Nevada
Feb 1, 2025 8:37 AM

Feb 1 (Reuters) -

Bill Ackman, the owner of investment firm Pershing Square,

said on Saturday that he is reincorporating his management

company in Nevada.

"We are reincorporating our management company in Nevada...,"

the billionaire investor said in response to a post on X, adding

that top law firms are recommending Nevada and Texas over

Delaware.

Pershing Square did not immediately respond to a Reuters

request for comment outside business hours.

Last year, Elon Musk moved Tesla and SpaceX's

incorporation to Texas and shifted Neuralink's incorporation to

Nevada. Musk's move to exit Delaware came after a court in the

state ordered him to give up his $56 billion compensation

package.

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