Shepherd Ave Capital Acquisition Corporation Announces the Separate Trading of its Class A Ordinary Shares and Rights, Commencing on January 27, 2025
23 Enero 2025 - 7:00AM
Shepherd Ave Capital Acquisition Corporation (the “Company”)
(Nasdaq: SPHAU), a blank check company, today announced that,
commencing on January 27, 2025, holders of the 8,625,000 units (the
“Units”) sold in the Company’s initial public offering (the
“Offering”) including Units sold upon the full exercise of the
underwriters’ over-allotment option, may elect to separately trade
the Class A ordinary shares and rights included in the Units. Any
Units not separated will continue to trade on the NASDAQ Global
Market (“NASDAQ”) under the symbol “SPHAU.” Any underlying Class A
ordinary shares and rights that are separated will trade on the
NASDAQ under the symbols “SPHA” and “SPHAR,” respectively. Holders
of Units will need to have their brokers contact the Company’s
transfer agent, Vstock Transfer, LLC, in order to separate the
holders’ Units into Class A ordinary shares and rights.
The Units were initially offered by the Company
in an underwritten offering. SPAC Advisory Partners LLC (“SAP”), a
division of Kingswood Capital Partners LLC acted as the sole
book-running manager for the Offering. A registration statement on
Form S-1 (File No. 333-280986) relating to these securities was
declared effective by the Securities and Exchange Commission (the
“SEC”) on December 2, 2024. The Offering was made only by means of
a prospectus, copies of which may be obtained by contacting
Kingswood Capital Partners, LLC, 126 East 56th Street, Suite 22S,
New York, NY 10022, by calling 212-487-1080, by emailing
Syndicate@kingswoodUS.com, or by visiting EDGAR on the SEC’s
website at www.sec.gov.
This press release shall not constitute an offer
to sell or a solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Shepherd Ave Capital Acquisition Corporation
SPHA is a newly incorporated, blank check company formed in the
Cayman Islands for the purpose of effecting a merger, share
exchange, asset acquisition, share purchase, recapitalization,
reorganization or similar business combination with one or more
businesses or entities. While the Company may pursue an initial
business combination target in any business or industry, it intends
to identify companies with strong management team, niche deal size
with growth potential, long-term revenue visibility with defensible
market position, and benefits from being a U.S. public company. The
sponsor of the Company is Aitefund Sponsor LLC.
Forward-Looking Statements
This press release includes forward-looking
statements that involve risks and uncertainties. Forward-looking
statements are statements that are not historical facts. Such
forward-looking statements are subject to risks and uncertainties,
which could cause actual results to differ from the forward-looking
statements. The Company expressly disclaims any obligations or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in the Company’s expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is
based. No assurance can be given that the offering discussed above
will be completed on the terms described, or at all.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including those set
forth in the Risk Factors section of the Registration Statement and
related preliminary prospectus filed in connection with the initial
public offering with the SEC. Copies are available on the SEC’s
website, www.sec.gov.
Company contact:
William W. Snyder, CEO221 W 9th St, #859Wilmington, DE
19801bill@shepherdavecapital.com
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