zTrip to go public via a SPAC merger with Spree Acquisition 1 in a $251m deal.

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.