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