Shepherd Ave Capital Acquisition Corporation Announces the Pricing of its $75 Million Initial Public Offering
Shepherd Ave Capital Acquisition Corporation (SPHAU)
Company Research
Source: GlobeNewswire
Wilmington, DE, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Shepherd Ave Capital Acquisition Corporation (NASDAQ: SPHAU) (“SPHA” or the “Company”) announced today the pricing of its initial public offering of 7,500,000 units at a price of $10.00 per unit, for aggregate gross proceeds of $75,000,000. The units will be listed on the Nasdaq Global Market LLC (“Nasdaq”) and begin trading tomorrow under the ticker symbol “SPHAU.” 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 (1/5) 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. Once the securities comprising the units begin separate trading, the Class A Ordinary Shares and Rights are expected to be listed on the Nasdaq under the symbols “SPHA” and “SPHAR,”
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