Shepherd Ave Capital Acquisition Co. Unit’s (NASDAQ:SPHAU) Lock-Up Period To Expire on June 3rd

Shepherd Ave Capital Acquisition Co. Unit’s (NASDAQ:SPHAU) lock-up period will expire on Tuesday, June 3rd. Shepherd Ave Capital Acquisition Co. Unit had issued 7,500,000 shares in its public offering on December 5th. The total size of the offering was $75,000,000 based on an initial share price of $10.00. After the expiration of Shepherd Ave Capital Acquisition Co. Unit’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Shepherd Ave Capital Acquisition Co. Unit Trading Up 0.1%

NASDAQ SPHAU opened at $10.26 on Tuesday. The firm’s 50-day simple moving average is $10.25. Shepherd Ave Capital Acquisition Co. Unit has a one year low of $9.99 and a one year high of $10.25.

About Shepherd Ave Capital Acquisition Co. Unit

We are a blank check company incorporated in the Cayman Islands on May 31, 2024 as an exempted company with limited liability (meaning that our public shareholders have no liability, as shareholders of our company, for the liabilities of our company over and above the amount paid for their shares). We were formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities, which we refer to as a “target business.” Our efforts to identify a prospective target business will not be limited to a particular industry or geographic location.