Thaw shrimp. Pull tails and shells off shrimp if not already shelled.
Cut bacon strips in half. If using turkey bacon, cut in half then cut each half down the middle lengthwise, stopping with 1/2 inch at the top. You don't want to cut it all the way in half. You want to butterfly the turkey bacon.
Mix seasoning in a small bowl.
Dry off the shrimp and cover the shrimp with the seasoning. Toss.
Wrap each shrimp with bacon. Securing both ends with toothpicks.
Place in air fryer basket and spray with oil.
Preheat air fryer to 400 degrees.
Cook for 10 minutes.
While the shrimp cooks mix together the honey and cayenne pepper.
Remove the shrimp from the basket and add to a bowl. Top with the hot honey and serve.