---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-016505"
form_type: "8-K"
ticker: null
cik: "0001881462"
company_name: "Spree Acquisition Corp. 1 Ltd"
filed_at: "2024-02-23T23:59:59+00:00"
generated_at: "2026-06-05T17:37:55.214823+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Spree Acquisition Corp. 1 receives NYSE delisting notice for failing $40M public float minimum

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-24-016505
- form_type: 8-K
- cik: 0001881462
- company_name: Spree Acquisition Corp. 1 Ltd
- filed_at: 2024-02-23T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1881462/000121390024016505/0001213900-24-016505-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1881462/000121390024016505/ea0200597-8k_spreeacq1.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-016505
- JSON: https://secwatch.observer/filing/0001213900-24-016505.json
- Plain text: https://secwatch.observer/filing/0001213900-24-016505.txt

## Key facts
- Listing & Compliance Notices
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1881462/000121390024016505/0001213900-24-016505-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.