Menu
Compare

Deal announced · 18 Nov 2025SPHAU · NasdaqCIK 2030829Sponsor at IPO: Aitefund Sponsor LLC

Shepherd Ave Capital Acquisition Corp

Now PANTAGES CAPITAL ACQUISITION Corp · formerly Aifeex Nexus Acquisition Corp., PANTAGES CAPITAL ACQUSITION Corp · Name history

$86.3MTrust raised at IPO · 32% of public shares left after its last counted vote

  1. IPO4 Dec 2024
  2. Searching15 months
  3. Deal announced18 Nov 2025
  4. Closed—

Tavia Read What stands out, from the filings · snapshot 14

  1. 01

    Smaller than 76% of 2024’s SPAC IPOs.

    $86.3M raised, against a median of $184M for the 55 SPACs that priced in 2024.

  2. 02

    68% of public shares redeemed across 1 vote.

    1 extension vote, counted from the SPAC’s 8-Ks. 32% of the public shares remained after the last one.

Worked out from checked figures in snapshot 14 · no forecasts or advice

Key terms

Other 2024 SPAC IPOs →
IPO priced
4 Dec 2024
IPO closed
6 Dec 2024
Raised
$86.3M1
Units sold
8,625,0002
Trust raised
$86.3M3
Trust per unit
$10.004
Unit
1 sh + 1 right (1/5)5
Months to complete
156
Deadline before extensions
6 Mar 2026
Over-allotment
Exercised in full

Each unit: “one Class A ordinary share and one right to receive one-fifth of one Class A ordinary share”

Name history

The same company under every name it has filed with the SEC, tracked by its CIK, 2030829. This page keeps its IPO name; the others lead here.

  1. Shepherd Ave Capital Acquisition CorpAt IPO24 Jul 2024 – 14 Feb 2025
  2. Aifeex Nexus Acquisition Corp.11 Mar 2025 – 31 Jul 2025
  3. PANTAGES CAPITAL ACQUSITION Corp12 Aug 2025 – 12 Feb 2026
  4. PANTAGES CAPITAL ACQUISITION CorpNow12 Feb 2026 – today

Dates are those EDGAR records for each name, as of 16 October 2026. A name change follows a shareholder vote or a merger’s closing, and is reported in an 8-K.

How it compares

Shepherd Ave Capital Acquisition Corp against the 55 SPACs that priced in 2024.

Raised
$86.3M
71% of 2024 SPACs are above it
2024 median: $184M
Trust per unit
$10.00
51% of 2024 SPACs match it
2024 median: $10.00
Months to complete
15
78% of 2024 SPACs are above it
2024 median: 24
Redeemed across its votes
68%
58% of 2024 SPACs are above it
2024 median: 75%

Trust and redemptions

  1. Extension vote · 3 Jun 20265,889,094 of 8,625,000 redeemed (68%)

Public shares before each vote and the shares redeemed, as its 8-Ks (or the next 10-Q or 10-K) state them. Only votes whose redemptions were paid count.

Firms named in the prospectus

Company counsel

Underwriters’ counsel

Sponsor

No other SPAC from Aitefund Sponsor LLC or a vehicle of the same name priced since 1 January 2019.

Peers

Other 2024 SPAC IPOs with SPAC Advisory Partners as bookrunner.

SPACIPORaisedUnitStatus
GSR III Acquisition Corp.7 Nov 2024$230M1 sh + 1 rightCompleted

Sources

  1. PFinal prospectus: 0001213900-24-105718
  2. 1Gross proceeds: 0001213900-24-108347The Units were sold at an offering price of $10.00 per Unit, generating gross proceeds of $86,250,000.
  3. 2Units sold: 0001213900-24-108347On December 6, 2024, the Company sold 8,625,000 Units (including 1,125,000 Units issued upon the full exercise of the over-allotment option) in its IPO.
  4. 3Trust raised: 0001213900-24-108347As of December 6, 2024, the Company had $86,250,000 in cash held in Trust Account.
  5. 4Trust per unit: 0001213900-24-105718Upon consummation of the offering, $10.00 per unit sold to the public in this offering (whether or not the over-allotment option has been exercised in full or part) will be deposited into the Trust Account
  6. 5Unit composition: 0001213900-24-105718consists of one Class A ordinary share, par value $0.0001 per share, or “Class A ordinary shares”, and one right to receive one-fifth of one Class A ordinary share.
  7. 6Months to complete: 0001213900-24-105718We have 15 months from the closing of this offering to consummate our initial business combination

Each quote is found word for word in the filing it cites. Where a figure here differs from the filing, the filing prevails.

How the figures are compiled
  • Which IPOs. Every final IPO prospectus (Form 424B4 or 424B1, or a 424B3 when it is the first prospectus filed on an S-1 or F-1 registration within 10 days of it going effective) filed on SEC EDGAR from the history start, by a registrant whose SIC code was 6770 (blank checks) on the filing date. Offerings that are not exchange-listed SPAC IPOs are excluded when the prospectus is read. The window starts on 1 January 2021.
  • Dated by. The date of the final prospectus.
  • Raised. Units sold to the public, including over-allotment units, times the unit price, as stated in the SPAC's 8-K reports after the IPO.
  • Trust. The trust held for public shareholders after the IPO and any over-allotment: trust per unit times public units, as stated in the SPAC's filings. Cash deposited in trust and then moved out as working capital is not counted.
  • Bookrunners. Firms the prospectus names as book-running managers; where it names none, the firm it names as sole underwriter or representative of the underwriters. Only the prospectus's own wording counts, not later 8-K reports. Each IPO's gross proceeds are split equally among its bookrunners.
  • Counsel and auditors. Issuer counsel and underwriters' counsel as named in the prospectus's Legal Matters section; the auditor as named in its Experts section. Each is credited with the IPO's full gross proceeds.
  • Unit structure. What one unit consists of, as the prospectus states it: a share with warrants, with rights, with both, or a share alone (shares-only offerings sell no units). Warrants per unit is the fraction of a warrant in each unit; rights are measured as the fraction of a share they convert into per unit.
  • Trust per unit. Dollars placed in the trust account for each unit sold to the public, as the prospectus states it.
  • Time to complete. Months from the IPO closing that the SPAC has to complete its business combination before any extension, as the prospectus states it.
  • Over-allotment. Whether the underwriters bought all, part or none of the over-allotment option, comparing units sold with the base offering and the option.
  • Votes. Shareholder votes to extend a SPAC's deadline or to approve its business combination, as reported in its 8-Ks (Item 5.07), for the SPACs in the IPO statistics only: SPACs that priced before the history start are not included, so votes in the first years under-represent the market. Only redemptions actually paid count: votes on a proposal that failed, or an extension that was approved but never took effect, are left out (redemption requests lapse with them), and a merger vote counts only when the deal closed, and only the last merger vote before the closing, since merger redemptions are paid at closing. Liquidation votes are left out too, as every public share is redeemed by definition.
  • Redemption rate. Public shares redeemed at a vote over public shares outstanding just before it. Shares redeemed are as an 8-K, or failing that the next 10-Q or 10-K, states them. Shares before are as a filing states them, or redeemed plus the shares left after, or carried from the IPO's public shares and earlier votes. The median is the typical vote; the weighted rate divides all shares redeemed by all shares before, the share of public money that left the trusts. A vote counts only when each of these figures is verified or accepted. Votes whose redemption count no filing states, after a search of the SPAC's and the combined company's filings, are counted as not disclosed rather than estimated.
  • Outcomes. Where each SPAC stands as of the snapshot: completed (business combination closed), liquidated (trust returned and redeemed), deal pending (agreement signed, not closed) or searching (no agreement in force). Grouped by the year the SPAC priced its IPO. Awaiting review means its status is still being checked.
  • Closings. Completed business combinations by year of closing. The sector is the SEC's industry code (SIC) of the combined company, grouped into broad sectors; months from IPO run from the prospectus date to the closing.
  • Checking. A SPAC counts only when every required figure is verified (quote found verbatim in the filing and all cross-checks pass) or accepted by a named reviewer.
  • Coverage. 1,077 of the 1,089 SPAC IPOs read are counted; 12 wait on a figure still under review and 11 filings were excluded as not exchange-listed SPAC IPOs.

Compiled from SEC filings with the assistance of AI · figures as of 3 November 2026

For information only. These figures are compiled from SEC filings with the assistance of AI. Although they are checked against those filings, they may contain errors or omissions and have not been audited; where they differ from the filings, the filings prevail. They are not an offer to sell, a solicitation of an offer to buy, or a recommendation of any security. Information about any SPAC is qualified in its entirety by its filings with the SEC, available at www.sec.gov.