Spree Acquisition Corp. 1 Limited (SHAP.U) Prices $175M IPO


Spree Acquisition Corp. 1 Limited (SHAP.U) Prices $175M IPO

Dec 15, 2021 IPOs by Marlena Haddad

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.