Shepherd Ave Capital Acquisition Corp. Files 8-K
Ticker: PGACR · Form: 8-K · Filed: Dec 12, 2024 · CIK: 2030829
Sentiment: neutral
Topics: spac, 8-k, reporting
TL;DR
Shepherd Ave Capital Acquisition Corp. filed an 8-K on Dec 12 for events on Dec 6. Standard reporting.
AI Summary
Shepherd Ave Capital Acquisition Corp. filed an 8-K on December 12, 2024, reporting on events that occurred on December 6, 2024. The filing pertains to 'Other Events' and 'Financial Statements and Exhibits'. The company is a blank check company incorporated in the Cayman Islands with its principal executive offices in Wilmington, Delaware.
Why It Matters
This 8-K filing indicates ongoing corporate activities and reporting requirements for Shepherd Ave Capital Acquisition Corp., a special purpose acquisition company.
Risk Assessment
Risk Level: low — This is a routine 8-K filing for a SPAC, primarily reporting on corporate events and exhibits, with no immediate financial or operational disclosures that would indicate high risk.
Key Numbers
- 001-42425 — SEC File Number (Identifies the company's filing history with the SEC.)
- 20241212 — Filing Date (The date the 8-K was officially submitted to the SEC.)
- 20241206 — Event Date (The earliest date of events reported in this filing.)
Key Players & Entities
- Shepherd Ave Capital Acquisition Corp. (company) — Registrant
- Cayman Islands (jurisdiction) — Place of incorporation
- Wilmington, DE (location) — Principal executive offices
FAQ
What specific 'Other Events' are being reported by Shepherd Ave Capital Acquisition Corp. in this 8-K filing?
The provided text does not detail the specific 'Other Events', only that this item is included in the filing.
What are the 'Financial Statements and Exhibits' being filed with this 8-K?
The filing indicates that 'Financial Statements and Exhibits' are part of this report, but the specific contents are not detailed in the provided text.
What is the business purpose of Shepherd Ave Capital Acquisition Corp. as a 'BLANK CHECKS' SIC code company?
As a blank check company (SPAC), its primary purpose is to acquire or merge with another company.
When was Shepherd Ave Capital Acquisition Corp. incorporated, and in which jurisdiction?
The company was incorporated in the Cayman Islands.
What is the significance of the filing date (December 12, 2024) versus the earliest event date (December 6, 2024)?
The filing date is when the report was submitted to the SEC, while the event date is the earliest date on which a material event requiring disclosure occurred.
Filing Stats: 775 words · 3 min read · ~3 pages · Grade level 11.7 · Accepted 2024-12-12 16:05:09
Key Financial Figures
- $0.0001 — nsisting of one Class A ordinary share, $0.0001 par value, and one Right to acquire one
- $10.00 — Units were sold at an offering price of $10.00 per Unit, generating gross proceeds of
- $86,250,000 — per Unit, generating gross proceeds of $86,250,000. Substantially concurrently with the c
- $2,442,500 — rating gross proceeds to the Company of $2,442,500. The Private Units are identical to the
Filing Documents
- ea0224197-8k_shepherd.htm (8-K) — 20KB
- ea022419701ex99-1_shepherd.htm (EX-99.1) — 94KB
- 0001213900-24-108347.txt ( ) — 115KB
01 Other Events
Item 8.01 Other Events. On December 2, 2024, the Registration Statement on Form S-1 (File No. 333-280986) (the “Registration Statement”) relating to the initial public offering (the “IPO”) of Shepherd Ave Capital Acquisition Corporation (the “Company”) was declared effective by the U.S. Securities and Exchange Commission. On December 6, 2024, the Company consummated the IPO of 8,625,000 units (the “Units”), including the full exercise of the underwriter’s option to purchase an additional 1,125,000 Units to cover over-allotments. Each Unit consists of one Class A ordinary share, $0.0001 par value per share (each, a “Class A Ordinary Share”), and one right (each, a “Right”), each one Right entitling the holder thereof to exchange for one-fifth of one Class A Ordinary Share upon the completion of the Company’s initial business combination. The Units were sold at an offering price of $10.00 per Unit, generating gross proceeds of $86,250,000. Substantially concurrently with the closing of the IPO, the Company completed the private sale (the “Private Placement”) of 244,250 units (the “Private Units”) to the Company’s sponsor, Aitefund Sponsor LLC, a Delaware limited liability company formerly known as Shepherd Ave Capital Sponsor LLC (the “Sponsor”). Each Private Unit consists of one Class A Ordinary Share and one Right. The Private Units were sold at a purchase price of $10.00 per Private Unit, generating gross proceeds to the Company of $2,442,500. The Private Units are identical to the Units sold in the IPO, subject to limited exceptions as further described in the Registration Statement. In connection with the consummation of the IPO and the Private Placement, the proceeds of $86,250,000 ($10.00 per Unit) from the proceeds of the IPO and the Private Placement were placed in the trust account established for the benefit of the Company’
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. Exhibit No. Description of Exhibits 99.1 Audited Balance Sheet as of December 6, 2024. 1
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Shepherd Ave Capital Acquisition Corporation By: /s/ William W. Snyder Name: William W. Snyder Title: Chief Executive Officer Date: December 12, 2024 2