Welcome to our dedicated page for Shepherd Ave Capital Acquisition news (Ticker: SPHAU), a resource for investors and traders seeking the latest updates and insights on Shepherd Ave Capital Acquisition stock.
The SPHAU news page on Stock Titan provides an organized view of public announcements and regulatory disclosures connected to the units of Shepherd Ave Capital Acquisition Corporation and its subsequent name changes. SPHAU originally referred to the Nasdaq-listed units of a Cayman Islands blank check company formed to pursue a business combination through a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar transaction.
News related to SPHAU and the associated company includes press releases on the pricing and closing of the initial public offering of units, descriptions of the structure of the Class A ordinary shares and rights, and updates on corporate actions. These items explain how each unit consists of one Class A ordinary share and one right, with each whole right entitling the holder to receive one-fifth of one Class A ordinary share upon completion of an initial business combination.
Another key category of news involves corporate governance and identity changes. The company has issued announcements about shareholder approvals to amend its memorandum and articles of association to change its name from Shepherd Ave Capital Acquisition Corporation to Aifeex Nexus Acquisition Corporation, and later from Aifeex Nexus Acquisition Corporation to Pantages Capital Acquisition Corporation. Related news items also describe the corresponding changes in Nasdaq ticker symbols from SPHAU, SPHA and SPHAR to AIFEU, AIFE and AIFER, and then to PGACU, PGAC and PGACR.
Investors and observers who follow SPAC activity can use this news feed to trace the history of the SPHAU units, monitor corporate actions such as name and ticker changes, and review disclosures about the company’s stated focus on identifying business combination targets. Bookmarking this page allows for convenient access to the historical and ongoing public communications associated with this SPAC’s capital markets journey.
Shepherd Ave Capital Acquisition (Nasdaq: SPHA) has announced a corporate name change to Aifeex Nexus Acquisition following shareholder approval at an Extraordinary General Meeting on March 11, 2025. The company has filed an amendment to its Amended and Restated Memorandum and Articles of Association with the Cayman Islands Registrar of Companies to reflect this change.
Effective March 12, 2025, the company's trading symbols will be updated accordingly:
- Units will change from SPHAU to AIFEU
- Ordinary shares will change from SPHA to AIFE
- Rights will change from SPHAR to AIFER
Shepherd Ave Capital Acquisition (Nasdaq: SPHAU) has announced that starting January 27, 2025, holders of the 8,625,000 units sold in its initial public offering can elect to separately trade the Class A ordinary shares and rights included in the Units.
The Units will continue trading on NASDAQ under 'SPHAU', while separated Class A ordinary shares and rights will trade under 'SPHA' and 'SPHAR' respectively. Unit holders must contact Vstock Transfer, to separate their holdings.
The initial public offering was underwritten by SPAC Advisory Partners , a division of Kingswood Capital Partners A registration statement (File No. 333-280986) for these securities was declared effective by the SEC on December 2, 2024.
Shepherd Ave Capital Acquisition (NASDAQ: SPHAU) has successfully completed its initial public offering (IPO), raising $86,250,000 in gross proceeds through the sale of 8,625,000 units at $10.00 per unit. The offering included the full exercise of the underwriter's over-allotment option.
Each unit comprises one Class A ordinary share and one right, with each whole right convertible into one-fifth of a Class A ordinary share upon completing an initial business combination. The units trade on Nasdaq under 'SPHAU', with Class A shares and rights to later trade separately as 'SPHA' and 'SPHAR' respectively.
SPAC Advisory Partners , a division of Kingswood Capital Partners, , served as the sole book-running manager for the IPO.
Shepherd Ave Capital Acquisition (NASDAQ: SPHAU) has announced the pricing of its initial public offering, offering 7,500,000 units at $10.00 per unit, raising aggregate gross proceeds of $75,000,000. Each unit includes one Class A ordinary share and one right, with each whole right convertible to one-fifth of a Class A Ordinary Share upon business combination completion.
Trading will commence on Nasdaq Global Market under the symbol 'SPHAU'. The Class A Ordinary Shares and Rights will later trade separately under 'SPHA' and 'SPHAR'. The company granted underwriters a 45-day option to purchase up to 1,125,000 additional units to cover over-allotments. SPAC Advisory Partners is serving as the sole book running manager.
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