Spree Acquisition, a blank check company targeting mobility-related technology businesses, filed on Wednesday with the SEC to raise up to $175 million in an initial public offering.
The company plans to raise $175 million by offering 17.5 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. Meteora Capital Partners intends to purchase $26 million worth of units in the offering (15% of the deal).
Spree Acquisition is led by Chairman and CEO Eran Plaut, co-founder and CEO of Polarity, an electric VTOL aircraft patent-pending technology. He is joined by CFO Shay Kronfeld, a former Managing Director in Maxim's Investment Banking Division, and COO Nir Sasson, founder and CEO of AI technology company Spatial Logic.
The Tel Aviv, Israel-based company was founded in 2021 and plans to list on the NYSE under the symbol SHAPU. Spree Acquisition filed confidentially on September 3, 2021. Stifel is the sole bookrunner on the deal.
IPO Pro - "The Ultimate Resource for IPOs"
Don't risk buying another IPO without IPO Pro.
Get your FREE TRIAL now.
