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Spree Acquisition Corp. 1 Limited (NYSE: SHAP) is a special purpose acquisition company that recently terminated a Business Combination Agreement with WHC Worldwide, LLC, also known as zTrip. Despite this termination, Spree remains committed to pursuing a business combination with a suitable target. The company's sponsor has been contributing $100,000 per month to its trust account and plans to seek a 12-month extension to complete a transaction. Spree's public shareholders will have the option to continue holding shares or redeem them for a portion of the trust account funds. Stay updated on the latest developments and future plans of Spree Acquisition Corp. 1 Limited.
WHC Worldwide, LLC (operating as zTrip) and Spree Acquisition Corp. 1 Limited (NYSE: SHAP) have announced a business combination agreement to take zTrip public on the NYSE. The merged entity, named WHC Worldwide, Inc., is expected to be listed under the ticker ZTRP. zTrip is the largest taxi fleet operator in the U.S., currently operating over 2,700 vehicles in 26 cities. The merger aims to enhance growth, leveraging zTrip's proven operational efficiencies and technology-based approach. The transaction is anticipated to close in the first half of 2023.
On April 4, 2022, Spree Acquisition Corp. 1 Limited (NYSE: SHAP, SHAPU, SHAPW) filed its annual report on Form 10-K for the year ending December 31, 2021, with the SEC. The report is accessible through the Company’s website and the SEC’s site. Spree Acquisition Corp. focuses on mergers and business combinations in the mobility technology sector, led by CEO Eran (Rani) Plaut. The press release includes forward-looking statements about the company's future operations and conditions affecting performance.
Spree Acquisition Corp. 1 Limited (NYSE: SHAPU) announced that starting February 7, 2022, holders of the units from its IPO can separate and trade the Class A ordinary shares and warrants. These will now be traded under the symbols “SHAP” for shares and “SHAPW” for warrants, while unseparated units will continue to trade under “SHAPU.” The company focuses on merging with mobility-related technology businesses and is led by CEO Eran Plaut. This press release does not constitute an offer to sell or solicit securities.
Spree Acquisition Corp. 1 Limited has successfully closed its initial public offering (IPO), raising $200 million by selling 20 million units at $10.00 each. Each unit comprises one Class A ordinary share and half a redeemable warrant. The underwriters exercised their over-allotment option, increasing the offering by $25 million. The stock began trading on the NYSE under the symbol 'SHAPU' on December 20, 2021. Spree Acquisition, a blank check company, aims to target mobility-related technology businesses for mergers or acquisitions.
Spree Acquisition Corp. 1 Limited has successfully priced its initial public offering (IPO) at $10.00 per unit, raising a total of $175 million by offering 17,500,000 units. The company’s units will be listed on the NYSE under the ticker symbol SHAPU starting December 16, 2021. Each unit comprises one Class A share and one-half of a redeemable warrant, with the full warrant allowing the purchase of a Class A share at $11.50. This blank check company aims to merge with mobility-related technology businesses, further enhancing its market position.
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