Announced
Financials
Tags
United States
application development
Single Bidder
Merger
transportation company
Domestic
Private
Reverse Takeover
Acquisition
Transportation Services
De-SPAC
Majority
Pending
Friendly
Synopsis
zTrip, a technology-based, North American-wide transportation company, agreed to go public via a SPAC merger with Spree Acquisition 1 in a $251m deal. “We are very excited to announce the merger with zTrip. zTrip is the largest taxi operator in North America, led by Mr. Bill George, who has over 35 years of experience in the taxi industry. zTrip’s unique offering and management skills, together with its EBITDA profitability, put it in a great position in this fragmented industry. By using the public market, zTrip can achieve significant growth in the coming years," Steve Greenfield, Spree Chairman.
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