Shepherd Ave Capital Acquisition Corporation Announces the Separate Trading of its Class A Ordinary Shares and Rights, Commencing on January 27, 2025

Wilmington, DE, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Shepherd Ave Capital Acquisition Corporation (the “Company”) (Nasdaq: SPHAU), a blank check company, today announced that, commencing on January 27, 2025, holders of the 8,625,000 units (the “Units”) sold in the Company’s initial public offering (the “Offering”) including Units sold upon the full exercise of the underwriters’ over-allotment option, may elect to separately trade the Class A ordinary shares and rights included in the Units. Any Units not separated will continue to trade on the NASDAQ Global Market (“NASDAQ”) under the symbol “SPHAU.” Any underlying Class A ordinary shares and rights that are separated will trade on the NASDAQ under the symbols “SPHA” and “SPHAR,” respectively. Holders of Units will need to have their brokers contact the Company’s transfer agent, Vstock Transfer, LLC, in order to separate the holders’ Units into Class A ordinary shares and rights.