Spree Acquisition Corp. 1 Limited announced the pricing of its $175 million IPO and its units are expected to begin trading on the NYSE under the symbol “SHAP.U” Thursday, December 16.
The new SPAC intends to acquire a mobility-related technology business with significant embedded and/or underexploited growth opportunities. Spree Acquisition Corp. 1 Limited is led by Chairman of the Board and CEO Eran (Rani) Plaut, COO Nir Sasson, and CFO and VP Business Shay Kronfield.
Total SPAC deal count for 2021 year-to-date is now 604. This offering is expected to close on Monday, December 20.
Stifel is acting as the sole book-running manager for the offering. McDermott Will & Emery LLP is serving as Issuer’s Counsel with Shearman & Sterling LLP serving as Underwriter’s Counsel. Kesselman & Kesselman serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
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