secwatch.observer — SEC 8-K summary
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Issuer:     Spree Acquisition Corp. 1 Ltd (—)
CIK:        0001881462
Form:       8-K
Filed at:   2024-02-23T23:59:59+00:00
Accession:  0001213900-24-016505
Event type: regulatory
Sentiment:  negative
Materiality: 0.90
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1881462/000121390024016505/0001213900-24-016505-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1881462/000121390024016505/ea0200597-8k_spreeacq1.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-016505

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