Aitefund Sponsor LLC Files SC 13D for Shepherd Ave Capital
Ticker: PGACR · Form: SC 13D · Filed: Dec 6, 2024 · CIK: 2030829
Sentiment: neutral
Topics: 13d-filing, acquisition-corp, ownership-change
TL;DR
**Aitefund Sponsor LLC just filed a 13D on Shepherd Ave Capital. Big moves coming?**
AI Summary
Aitefund Sponsor LLC, managed by Carmelo Caschetto, has filed a Schedule 13D on December 6, 2024, indicating a change in beneficial ownership of Shepherd Ave Capital Acquisition Corporation. The filing relates to Class A Ordinary Shares of the company, which is a blank check company in the real estate and construction sector.
Why It Matters
This filing signals a potential shift in control or significant investment in Shepherd Ave Capital Acquisition Corporation, which could impact its future business strategy and shareholder value.
Risk Assessment
Risk Level: medium — Schedule 13D filings often precede significant corporate actions or changes in control, introducing uncertainty and potential volatility for the company's stock.
Key Numbers
- 1231 — Fiscal Year End (Indicates the company's financial reporting cycle.)
Key Players & Entities
- Aitefund Sponsor LLC (company) — Filing entity
- Carmelo Caschetto (person) — Manager of Aitefund Sponsor LLC
- Shepherd Ave Capital Acquisition Corporation (company) — Subject company
- 221 W 9th St #859, Wilmington, DE 19801 (location) — Business and mailing address for both entities
FAQ
What is the specific percentage of shares beneficially owned by Aitefund Sponsor LLC?
The filing does not explicitly state the percentage of shares beneficially owned, but the filing of a Schedule 13D implies ownership exceeding 5%.
What is the CUSIP number for Shepherd Ave Capital Acquisition Corporation's Class A Ordinary Shares?
The CUSIP number is G8089R100.
When was the event requiring this filing?
The date of the event which requires filing of this statement is December 2, 2024.
What is the primary business of Shepherd Ave Capital Acquisition Corporation?
Shepherd Ave Capital Acquisition Corporation is a blank check company in the 'Real Estate & Construction' sector, with SIC code 6770.
Who is authorized to receive notices and communications for this filing?
Carmelo Caschetto, Manager of Aitefund Sponsor LLC, is authorized to receive notices and communications.
Filing Stats: 2,036 words · 8 min read · ~7 pages · Grade level 12.6 · Accepted 2024-12-06 20:23:13
Key Financial Figures
- $0.0001 — er) Class A Ordinary Share, par value $0.0001 per share (Title of Class of Securiti
- $22,681 — ares for an aggregate purchase price of $22,681. On July 9, 2024, the Sponsor acquired
- $43 — ares for an aggregate purchase price of $43. On December 4, 2024, in connection wi
- $10.00 — , the Sponsor acquired 244,250 units at $10.00 per unit, each unit consisting of one C
Filing Documents
- ea0223994-13daitefund_shep.htm (SC 13D) — 66KB
- ea022399401ex7-1_shepherd.htm (EX-7.1) — 4KB
- ea022399401ex10-1_shepherd.htm (EX-10.1) — 53KB
- ea022399401ex10-2_shepherd.htm (EX-10.2) — 25KB
- ea022399401ex10-3_shepherd.htm (EX-10.3) — 30KB
- 0001213900-24-106602.txt ( ) — 178KB
of the Schedule 13D is hereby amended by adding the following to the end
Item 7 of the Schedule 13D is hereby amended by adding the following to the end of the section: Exhibit No. Description 7.1 Joint Filling Agreement, dated December 6, 2024 10.1 Securities Subscription Agreement dated June 14, 2024 by and among the Issuer and the Sponsor. 10.2 Securities Transfer Agreement dated December 4, 2024 by and among the Issuer, the Sponsor and certain directors of the Issuer. 10.3 Private Placement Units Purchase Agreement dated December 4, 2024 between the Sponsor and the Issuer. 6 SCHEDULE 13D CUSIP No. G8089R100
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. Date: December 6, 2024 Aitefund Sponsor LLC By: /s/ Carmelo Caschetto Name: Carmelo Caschetto Title: Manager and Sole Member Carmelo Caschetto /s/ Carmelo Caschetto 7