Core Insights - Spree Acquisition Corp. 1 demonstrates significantly lower volatility compared to the S&P 500, with a beta of -0.02, indicating it is 102% less volatile than the index [1] - The company has a net margin of N/A, a return on equity of -22.17%, and a return on assets of 6.72% [2] - In terms of revenue, Spree Acquisition Corp. 1 reported gross revenue of $4.35 million, while its peers generated $1.62 billion in revenue but reported a net income loss of $34.97 million [4] - The price-to-earnings ratio for Spree Acquisition Corp. 1 is lower than that of its peers, suggesting it is more affordable compared to other companies in the industry [4] - Institutional ownership stands at 9.9% for Spree Acquisition Corp. 1, while 58.4% of shares are held by insiders, indicating strong insider confidence [6] - Overall, Spree Acquisition Corp. 1 outperforms its peers in 5 out of 9 evaluated factors [7] Risk & Volatility - Spree Acquisition Corp. 1 has a beta of -0.02, indicating it is 102% less volatile than the S&P 500 [1] Profitability - The company has a return on equity of -22.17% and a return on assets of 6.72% [2] Valuation & Earnings - Spree Acquisition Corp. 1's gross revenue is $4.35 million, while its peers have a total revenue of $1.62 billion [4] - The company has a lower price-to-earnings ratio compared to its peers, indicating it is more affordable [4] Institutional & Insider Ownership - 9.9% of Spree Acquisition Corp. 1 shares are held by institutional investors, while 58.4% are held by company insiders [6]

Financial Position - As of March 31, 2024, the company had $0 in cash and a working capital deficit of approximately ($3,315,000) excluding cash in the trust account[112] - The company has an accumulated deficit of approximately $12,315,000 as of March 31, 2024[123] - The company has no long-term debt or significant liabilities, except for a monthly fee of $10,000 to the sponsor for office space and services[133] - As of March 31, 2024, the company has no off-balance sheet arrangements or commitments for capital expenditures[132] Initial Public Offering - The company completed its initial public offering in December 2021, raising net proceeds of $205,100,000, with $204,000,000 deposited into a non-interest-bearing trust account[123] - The net proceeds from the IPO are invested in U.S. government treasury bills or money market funds, minimizing exposure to interest rate risk[141] - The company is obligated to pay a deferred underwriting fee of $9,000,000, which is 4.5% of the gross proceeds from the IPO, contingent upon the completion of the initial business combination[135] Business Combination Efforts - A letter of intent for a potential business combination was executed on February 5, 2024, but was unilaterally terminated by the target company on March 5, 2024[118] - The company incurred significant costs related to its search for a business combination, including legal and due diligence expenses, since its initial public offering[119] - The company intends to use substantially all investments held in the trust account to fund its post-business combination operations[124] - The company has not engaged in any revenue-generating operations to date and will not generate operating revenues until after completing a business combination[119] - If the initial business combination is not completed, the required liquidation date is December 20, 2024, raising substantial doubt about the company's ability to continue as a going concern[131] Financing and Liquidity - The company has relied on loans from its sponsor, borrowing $500,000 for monthly trust contributions during the initial extension period[126] - The company may need to continue requesting additional loans from its sponsor to satisfy liquidity needs in pursuit of an initial business combination[129] - The company may need to obtain additional financing to operate the combined entity resulting from the business combination, potentially issuing additional securities or incurring debt[130] Advisory and Transaction Fees - A financial services agreement with Cohen & Company includes an advisor fee of $2,500,000 and a transaction fee of 5.0% of the gross proceeds raised in any financing transaction[140] Delisting - The company was delisted from the NYSE on March 8, 2024, due to noncompliance with the listing standard requiring a market capitalization of at least $40,000,000[115]

● "amended and restated memorandum and articles of association" are to our amended and restated memorandum and articles of association, which went into ef ect upon the completion of our IPO; ● "Class B ordinary shares" are to our Class B ordinary shares, par value $0.0001 per share; ● "directors" are to our current directors; ● "private shares" are to the Class A ordinary shares included in the private units that were issued and sold to our sponsor in a private placement simultaneously with the closing of t ...

N/A (Former name, former address and former fiscal year, if changed since last report) ● "Class A ordinary shares" are to our Class A ordinary shares, par value $0.0001 per share; ii ● "WHC" are to WHC Worldwide, LLC, a Missouri limited liability company doing business as zTrip®; ● the trust account not being subject to claims of third parties. UNAUDITED CONDENSED BALANCE SHEETS F-4 SPREE ACQUISITION CORP. 1 LIMITED (hereafter – the Company) is a blank check company, incorporated on August 6, 2021 as a Caym ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-41172 Spree Acquisition Corp. 1 Limited (Exact name of registrant as specified in its charter) Cayman Islands N/A (State or other juris ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-41172 Spree Acquisition Corp. 1 Limited (Exact name of registrant as specified in its charter) | Cayman Islands | | N/A | | --- | --- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission File Number 001-41172 Spree Acquisition Corp. 1 Limited (Exact name of registrant as specified in its charter) Cayman Islands N/A ( ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-41172 Spree Acquisition Corp. 1 Limited (Exact name of registrant as specified in its charter) | Cayman Islands | | N/A | | --- | --- | ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-41172 Spree Acquisition Corp. 1 Limited (Exact name of registrant as specified in its charter) | Cayman Islands | | N/A | | --- | --- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission File Number 001-41172 Spree Acquisition Corp. 1 Limited (Exact name of registrant as specified in its charter) Cayman Islands N/A ( ...