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Stock impact report

Shepherd Ave Capital Acquisition Corp Announces Closing of Initial Public Offering

Shepherd Ave Capital Acquisition Corporation (SPHAU) 
Company Research Source: GlobeNewswire
Wilmington, DE, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Shepherd Ave Capital Acquisition Corporation (NASDAQ: SPHAU) (“SPHA” or the “Company”) announced today that it closed its initial public offering of 8,625,000 units at a price of $10.00 per unit, for aggregate gross proceeds of $86,250,000. The offering size reflects the full exercise of the underwriter’s over-allotment option. Each unit consists of one of the Company’s Class A ordinary shares (the “Class A Ordinary Shares”) and one right (the “Rights”), with each whole right entitling the holder thereof to receive one-fifth (1/5th) of one Class A Ordinary Share upon the consummation of an initial business combination. No fractional rights will be issued upon separation of the units and only whole rights will trade. The units are listed on the Nasdaq Global Market LLC (“Nasdaq”) and began trading under the ticker symbol “SPHAU” on December 5, 2024. Once the securities comprising the units begin separate trading, the Class A Ordinar Show less Read more
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