Aifeex Nexus Acquisition Corporation Issues Statement on Unauthorized Use of its Name by Parties Unaffiliated with the Company
Rhea-AI Summary
Aifeex Nexus Acquisition (NASDAQ: AIFEU) has issued an urgent statement addressing unauthorized use of its company name. The SPAC company revealed that unaffiliated parties have made false claims on social media and websites suggesting the company has been acquired or completed a business combination.
The company explicitly clarified that it:
- Remains an independent, publicly traded company on Nasdaq
- Has not identified a specific target for business combination
- Has not entered into any binding agreements or letters of intent
- Does not conduct public solicitations through social media or online platforms
In response, the company is engaging legal counsel to evaluate appropriate actions and warns stakeholders to rely only on official company communications.
Positive
- Company maintains Nasdaq listing status
- Taking proactive legal measures to protect company reputation and shareholder interests
Negative
- Company name being misused by unauthorized parties for potential fraud
- Risk of investor confusion and potential market manipulation
- No progress reported on identifying business combination target
Insights
This statement represents a critical investor warning from Aifeex Nexus Acquisition regarding potential securities fraud. The company is actively distancing itself from unauthorized actors who have falsely claimed either acquisition of the SPAC or the identification of a business combination target. This type of misrepresentation typically aims to manipulate stock prices through artificial excitement or create opportunities for pump-and-dump schemes.
Such unauthorized claims are particularly dangerous in the SPAC ecosystem, where valuations are heavily influenced by merger target speculation. The company's explicit statement that "it has not identified a specific target or entered into any binding letter of intent" serves as critical corrective disclosure for any investors who may have been misled.
The engagement of legal counsel signals the company recognizes potential securities law violations. SPAC investors should view this as both a protective measure and a demonstration of management's commitment to transparent communication. The fact that Aifeex Nexus remains an independent Nasdaq-listed entity underscores that no material change to the investment thesis has occurred despite any misinformation in the market.
This situation highlights the increased vulnerability of SPACs to misinformation campaigns, particularly those with names similar to trending technologies or industries. Investors should maintain heightened vigilance by verifying information through official SEC filings rather than social media or unauthorized websites.
This press release demonstrates proper crisis management and governance protocols in action. Aifeex Nexus has taken appropriate steps by quickly issuing a clarifying statement, engaging legal counsel, and providing shareholders with verification guidance. These actions align with fiduciary responsibilities to protect shareholder interests and maintain market integrity.
The timing of this statement is significant – by addressing unauthorized representations immediately, management demonstrates both vigilance in monitoring their corporate identity and commitment to transparent stakeholder communication. This proactive approach helps mitigate potential reputational damage that could affect the SPAC's ability to negotiate favorable terms with legitimate acquisition targets.
From a governance perspective, the statement effectively establishes several key boundaries: (1) defining authorized communication channels, (2) clarifying the current business combination status, and (3) explicitly rejecting any unauthorized fundraising in their name. These boundaries protect both the company and potential investors from fraudulent schemes.
The forward-looking statements disclaimer appropriately limits legal exposure while maintaining regulatory compliance. This balanced approach to corporate communications during a potentially damaging situation suggests competent leadership and effective compliance controls. For a SPAC, where management quality and trust are paramount valuation factors, this response should be viewed as reassuring evidence of operational competence rather than concerning.
Wilmington, DE, April 14, 2025 (GLOBE NEWSWIRE) -- The following statement has been released by Aifeex Nexus Acquisition Corporation (Nasdaq: AIFEU, f/k/a Shepherd Ave Capital Acquisition Corporation) (the “Company”), a special purpose acquisition company:
It has come to the Company’s attention that unauthorized entities or individuals have issued social media posts and posted claims on websites suggesting that the Company has been acquired or is otherwise affiliated with other companies, has chosen a target to complete its business combination, or has completed the combination. These actors are capitalizing on a similarity in the Company’s name to the name of other entities.
The Company wishes to make clear that the parties who made those statements are not (and have never been) affiliated with the Company in any capacity. The Company remains an independent and publicly traded company that is listed on Nasdaq. No other company owns, controls, or is affiliated with the Company unless formally disclosed through appropriate regulatory filings.
The Company also wishes to make clear that it is searching for a suitable target to complete its business combination. It has not identified a specific target or entered into any binding letter of intent or definitive agreement with any target.
We take the integrity of our brand, our communications, and our relationships with shareholders and partners very seriously. Out of an abundance of caution, we have taken steps to assess the situation thoroughly and are engaging legal counsel to evaluate appropriate actions.
We advise our stakeholders, partners, and the public to refer only to official communications from the Company and verified sources. The Company does not conduct any public solicitation regarding investment, fundraising or business combination opportunities through any print, online, social media, or other public platforms. The Company does not permit the use of our names, logos, or marks to any investment platforms or third parties and reserves the right to take all appropriate steps to protect its legal rights and reputation.
If you are considering purchasing securities in the Company, you may wish to consider consulting your broker or obtaining professional investment advice from a qualified investment advisor. If you have been targeted in a scheme such as the ones described above, please contact your local law enforcement office or local securities regulator.
No Offer or Solicitation
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.
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:
FAQ
What unauthorized claims were made about Aifeex Nexus Acquisition Corp (AIFEU)?
Has Aifeex Nexus Acquisition Corp (AIFEU) identified any merger targets as of April 2025?
What legal actions is AIFEU taking regarding the unauthorized claims?
How can investors verify legitimate information about AIFEU?
