---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-005703"
form_type: "8-K"
ticker: "PGAC"
cik: "0002030829"
company_name: "PANTAGES CAPITAL ACQUISITION Corp"
filed_at: "2025-01-23T23:59:59+00:00"
generated_at: "2026-05-27T16:34:17.618189+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Shepherd Ave Capital Acquisition Corp announces separate trading of shares and rights effective Jan 27, 2025

## Summary
- Holders of 8,625,000 units may elect to separate into Class A shares (SPHA) and rights (SPHAR) starting Jan 27, 2025.
- Units not separated continue under SPHAU; separated components trade on Nasdaq as SPHA and SPHAR.
- Units were sold in IPO with SPAC Advisory Partners LLC as sole book-runner; S-1 effective Dec 2, 2024.
- Separation requires broker contact with transfer agent Vstock Transfer, LLC.

## SEC filing metadata
- accession: 0001213900-25-005703
- form_type: 8-K
- ticker: PGAC
- cik: 0002030829
- company_name: PANTAGES CAPITAL ACQUISITION Corp
- filed_at: 2025-01-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2030829/000121390025005703/0001213900-25-005703-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2030829/000121390025005703/ea0228471-8k_shepherd.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-005703
- JSON: https://secwatch.observer/filing/0001213900-25-005703.json
- Plain text: https://secwatch.observer/filing/0001213900-25-005703.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.