Shepherd Ave Capital Acquisition Corporation (NASDAQ: SPHAU) revealed on January 23, 2025, that holders of the company’s units will have the option to independently trade the Class A ordinary shares and rights contained within the units starting around January 27, 2025.
The exchange of these Class A ordinary shares and rights will occur on the Nasdaq Global Market, with the symbols “SPHA” and “SPHAR” designated for trading respectively. Units that remain undivided will persist in trading under the symbol “SPHAU” on Nasdaq.
As detailed in the financial statements and exhibits of the Form 8-K filing, the respective symbols and platforms for trading the separated shares and rights were disclosed. The exhibit includes the Press Release dated January 23, 2025, and a Cover Page Interactive Data File embedded within the Inline XBRL document.
Shepherd Ave Capital Acquisition Corp, a blank check company, informed that the underwritten offering of Units during its initial public offering provides holders with this new trading flexibility. Holders who wish to trade their underlying Class A ordinary shares and rights separately should coordinate with the company’s transfer agent, Vstock Transfer, LLC, to facilitate the process.
The Registration Statement on Form S-1 for these securities was declared effective by the SEC on December 2, 2024, ensuring compliance with regulatory standards for such offerings. Interested parties can obtain more details by contacting Kingswood Capital Partners, LLC, as outlined in the Offering prospectus.
Notably, Shepherd Ave Capital Acquisition Corporation, formed in the Cayman Islands, aims to facilitate business combinations with entities having strong management teams, growth potential, and long-term revenue visibility. The Company emphasizes identifying targets with defensible market positions and the advantage of being a U.S. public entity.
This press release expresses forward-looking statements that involve inherent risks and uncertainties. The Company disavows any obligations to update these statements publicly to reflect changing circumstances or events. Interested stakeholders can find more information in the Risk Factors section of the Registration Statement on the SEC’s website.
For additional information, the CEO of Shepherd Ave Capital Acquisition Corp, William W. Snyder, can be reached at 221 W 9th St, #859, Wilmington, DE 19801, or via email at [email protected].
This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Shepherd Ave Capital Acquisition Co. Unit’s 8K filing here.
