NYSE Delists Spree Acquisition 1

The NYSE removed Spree Acquisition 1 from listing on the exchange after the SPAC fell below the required minimum $40 million market cap.

Shareholders in December approved a one-year deadline extension, although Spree 1 sustained heavy redemptions. The SPAC said 2,371,801 Class A shares were redeemed, leaving 2,810,702 shares.

The Tel Aviv-based SPAC originally raised $175 million in a December 2021 IPO with plans to focus its search on mobility-related technology businesses.

Spree 1 last August called off a deal with zTrip, a taxi fleet operator. Read more.

Source: NYSE Delists Spree Acquisition 1