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WILMINGTON, DE - Shepherd Ave Capital Acquisition Corporation, a blank check company with a current market capitalization of $109.92 million, announced today that it has officially changed its corporate name to Aifeex Nexus Acquisition Corporation following shareholder approval. The name change was filed with the Cayman Islands Registrar of Companies on the same day as the Extraordinary General Meeting of Shareholders.
Starting tomorrow, the company’s ticker symbols will be updated on the Nasdaq stock market to reflect the new name. The symbols for its units, ordinary shares (currently trading at $9.97), and rights will change from "SPHAU," "SPHA," and "SPHAR" to "AIFEU," "AIFE," and "AIFER," respectively. InvestingPro analysis indicates the stock is trading near its 52-week high of $10.1, with technical indicators suggesting overbought conditions.
Shepherd Ave Capital Acquisition Corporation, now Aifeex Nexus Acquisition Corporation, was established with the intention of engaging in a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The company aims to target entities that have a strong management team, a niche deal size with growth potential, long-term revenue visibility with a defensible market position, and that can benefit from being a U.S. public company.
The sponsor behind the company is Aitefund Sponsor LLC. The press release includes forward-looking statements under the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. These statements are not historical facts and are subject to various assumptions and current management expectations, which may not be indicative of future performance.
The company emphasizes that these forward-looking statements are not guaranteed and should not be relied upon as such. They caution that actual events and circumstances can differ from assumptions and are often beyond the control of SPHA. According to InvestingPro, the company maintains a GREAT financial health score of 3.48, with additional insights available to subscribers. The company also disclaims any obligation to update or revise any forward-looking statements, except as required by law.
This news article is based on a press release statement and provides factual information regarding the corporate name change and ticker symbol updates of Shepherd Ave Capital Acquisition Corporation.
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