Spree Acquisition Corp. 1 Limited
SHAP
New York Stock Exchange10.91
USD
-0.02
- -
CIK
0001881462
ISIN
KYG837451023
CUSIP
G83745102
Return %
Stock
S&P500
1Y
4.80
18.21
3Y
13.06
64.38
5Y
13.06
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Eran Plaut
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- Building B Tel Aviv Israel 6789139
- IPO Date
- Feb 7, 2022
- CIK
- 0001881462
- Website
- spree1.com
- Similar Companies
- Business
- Spree Acquisition Corp. 1 Limited operates as a blank check company with a primary focus on effecting mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations specifically targeting mobility-related technology businesses. The company concentrates on acquiring and advancing companies within the mobility sector with an emphasis on technology and innovation. Its core activities revolve around pursuing acquisitions in mobility-oriented technology and supporting these ventures through practical assistance pre-and post-IPO, leveraging an extensive network including OEMs, Tier 1 suppliers, and other key industry stakeholders. The company is engaged in identifying target companies for merger and aims to accelerate their growth by utilizing its industry relationships and operational expertise. Founded in 2021 and headquartered in Atlanta, Georgia, Spree Acquisition Corp. 1 Limited is backed by a management team with significant experience and industry connections in the mobility sector. The company completed its initial public offering in December 2021, raising approximately $175 million to fuel its acquisition strategy. The executive leadership team includes Eran (Rani) Plaut as Chairman and CEO, Nir Sasson as COO, and Shay Kronfeld as CFO. Significant recent developments include the company’s focus on a business combination agreement with WHC, which involves a restructuring and domestication process transitioning Spree from a Cayman Islands exempted company to a Delaware corporation. This transaction aims to transform Spree Acquisition Corp. 1 Limited into a publicly listed holding entity under the name “WHC Worldwide, Inc.”, following shareholder approval and the execution of the business combination. The company has also experienced suspension and delisting from the New York Stock Exchange in early 2024 due to non-compliance with continued listing standards, leading to a strategic pivot toward consummating its business combination targets within the mobility technology domain. Spree Acquisition Corp. 1 Limited operates as part of the diversified financials sector within the asset management and custody bank industry, focusing on micro-cap investment opportunities and growth in mobility-related technologies. Its business model primarily involves seeking strategic alliances and acquisitions that align with its mobility-oriented innovation goals to enhance shareholder value through transformational mergers and acquisitions. The company has maintained strong relationships with original equipment manufacturers, tier suppliers, and various mobility tech businesses across the United States and aims to leverage these partnerships for future growth and development in the evolving mobility technology landscape. This description integrates the company’s founding details, core product and service focus on mobility technology acquisitions, recent corporate changes including the WHC business combination agreement, and listing challenges affecting its trading status and strategic direction.
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