Spree Acquisition Corp. 1 Ltd: Nasdaq/NYSE listing notice — Spree Acquisition Corp. 1 receives NYSE delisting notice for failing $40M public float minimum

Spree Acquisition Corp. 1 Ltd

NYSE notified Spree on Feb 22, 2024 that its 30-day average public float market cap fell below $40M, violating Section 802.01B.
NYSE has suspended trading in SHAP, SHAPU, and SHAPW pending delisting proceedings or a successful appeal.
Company has 10 business days to request a review by an NYSE committee; if not requested or appeal denied, SEC delisting will follow.
Spree is evaluating alternatives but warns delisting could impair liquidity and its ability to complete a business combination.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Spree Acquisition Corp. 1 Ltd received a nyse deficiency notice notice regarding market value (rules 802.01B).

Exchange: nyse
Notice: deficiency notice
Deficiency: market value
Rules: 802.01B

Exact text from the filing

February 22, 2024, Spree Acquisition Corp. 1 Limited, a Cayman Islands exempted company (“ Spree ” or the “ Company ”) received notice (the “ Notice ”) from the New York Stock Exchange (the “ NYSE ”) that the Company is not in compliance with the continued listing standard set forth in Section 802.01B of the NYSE Listed Company Manual (the “ Listing Rule ”). The Listing Rule requires a listed acquisition company to maintain an average aggregate global market capitalization attributable to its publicly held shares (a “ public float ”) over a consecutive 30 trading day period of at least $40,000

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Source: SEC EDGAR

accession 0001213900-24-016505

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