| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
1 |
| Employees |
- |
| Revenues (TTM) (Millions $) |
- |
| Net Income (TTM) (Millions $) |
-253 |
| Cash Flow (TTM) (Millions $) |
-189 |
| Capital Exp. (TTM) (Millions $) |
0 |
Business Description
Spree Acquisition Corp 1 Ltd is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands. It was formed for the purpose of merging with or acquiring one or more businesses in the technology sector. SPACs are blank-check companies that raise capital through an initial public offering (IPO) with the intention of using the funds to acquire an existing operating business.
Spree Acquisition Corp 1 Ltd's management team consists of experienced professionals with a background in investing, technology, and corporate finance. They will carefully evaluate potential target companies and negotiate a merger or acquisition that is beneficial for both parties involved.
Once a target company has been identified, Spree Acquisition Corp 1 Ltd will use the funds raised during the IPO to complete the transaction. This allows the target company to bypass the traditional IPO process and become publicly traded.
Investors who participate in Spree Acquisition Corp 1 Ltd's IPO will receive shares of the SPAC. If the merger or acquisition is successfully completed, these shares will convert into shares of the newly merged company. If no suitable target is identified within a specific time frame, the funds will be returned to the investors.
Overall, Spree Acquisition Corp 1 Ltd provides a vehicle for investors to gain exposure to potential high-growth technology companies without having to identify and invest in them individually.
Company Address: 94 Yigal Alon Tel Aviv 6789139
Company Phone Number: 50-731-0810 Stock Exchange / Ticker: NYSE SHAP
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