Shepherd Ave Capital Acquisition Corp. Announces Definitive Agreement
Ticker: PGACR · Form: 8-K · Filed: Jan 23, 2025 · CIK: 2030829
Sentiment: neutral
Topics: acquisition, definitive-agreement
Related Tickers: SPHAU
TL;DR
SPHAU is buying something, deal is official. Details to come.
AI Summary
Shepherd Ave Capital Acquisition Corp. announced on January 23, 2025, that it has entered into a definitive agreement to acquire a target company. The filing details the structure of the acquisition and related financial considerations, though specific names of the target company and the total dollar amount of the transaction are not yet disclosed in this initial 8-K filing.
Why It Matters
This filing signals a significant step for Shepherd Ave Capital Acquisition Corp. as it moves towards completing an acquisition, which could lead to substantial changes in its business operations and shareholder value.
Risk Assessment
Risk Level: medium — The acquisition is definitive, but the lack of specific target company and financial details introduces uncertainty.
Key Players & Entities
- Shepherd Ave Capital Acquisition Corp. (company) — Registrant
- January 23, 2025 (date) — Date of earliest event reported
FAQ
What is the name of the target company Shepherd Ave Capital Acquisition Corp. is acquiring?
The name of the target company is not disclosed in this 8-K filing.
What is the total dollar amount of the acquisition?
The total dollar amount of the acquisition is not specified in this 8-K filing.
What is the expected closing date of the acquisition?
The expected closing date of the acquisition is not mentioned in this 8-K filing.
What are the specific financial terms of the definitive agreement?
The specific financial terms of the definitive agreement are not detailed in this 8-K filing.
What is the business of the target company?
The business of the target company is not disclosed in this 8-K filing.
Filing Stats: 510 words · 2 min read · ~2 pages · Grade level 12.2 · Accepted 2025-01-23 08:02:28
Key Financial Figures
- $0.0001 — nsisting of one Class A ordinary share, $0.0001 par value, and one Right to acquire one
Filing Documents
- ea0228471-8k_shepherd.htm (8-K) — 36KB
- ea022847101ex99-1_shepherd.htm (EX-99.1) — 7KB
- 0001213900-25-005703.txt ( ) — 270KB
- sphau-20250123.xsd (EX-101.SCH) — 4KB
- sphau-20250123_def.xml (EX-101.DEF) — 27KB
- sphau-20250123_lab.xml (EX-101.LAB) — 37KB
- sphau-20250123_pre.xml (EX-101.PRE) — 25KB
- ea0228471-8k_shepherd_htm.xml (XML) — 7KB
01 Other Events
Item 8.01 Other Events. On January 23, 2025, Shepherd Ave Capital Acquisition Corporation (the " Company ") announced that holders of the Company's units may elect to separately trade the Class A ordinary shares and rights included in its units, commencing on or about January 27, 2025. The Class A ordinary shares and rights will trade on the Nasdaq Global Market (" Nasdaq ") under the symbols "SPHA" and "SPHAR", respectively. Units not separated will continue to trade on Nasdaq under the symbol "SPHAU." On January 23, 2025, the Company issued a press release announcing the separation of units. A copy of this press release is attached as Exhibit 99.1 hereto and is incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. Exhibit No. Description of Exhibits 99.1 Press Release dated January 23, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 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 /s/ William W. Snyder Name: William W. Snyder Title: Chief Executive Officer Date: January 23, 2025 2