Shepherd Ave Capital Acquisition Corporation (NASDAQ:SPHAU) announced the pricing of its $75 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SPHAU”, Thursday, December 5, 2024.
The new SPAC intends to conduct a broad search for a combination target without a preference for a specific industry or region.
Shepherd Ave Capital’s sponsor team is led by Chief Executive Officer, Chairman and Director William W. Snyder and Chief Financial Officer and Director Jia Peng. Evan M. Graj, Stephen Markscheid and Wee Peng Siong will serve on its Board of Directors.
Total SPAC deal count for 2024 year-to-date is now 52. This offering is expected to close on Friday December 6, 2024.
SPAC Advisory Partners LLC (“SAP”), a division of Kingswood Capital Partners, LLC, is acting as the sole book running manager for the initial public offering. Robinson+Cole is serving as Issuer’s Counsel with Winston & Strawn LLP serving as Underwriter’s Counsel. MaloneBailey LLP serves as auditor. Wilmington Trust, N.A. is acting as trustee.
Terms Tracker for the Week Ending June 13, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. This week brought three new SPAC IPOs with pricings from BEST SPAC I Acquisition Corp., Blue Acquisition Corp. and Blue Water Acquisition Corp. III. All...
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Blue Acquisition Corp. (NASDAQ:BACCU) announced the pricing of its $175 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “BACCU”, Friday, June 13, 2025. The new SPAC intends to combine with a target company within a manufacturing company or data center that aligns with green energy initiatives and...