Welcome to our dedicated page for Papaya Growth Opportunity I Unit news (Ticker: PPYAU), a resource for investors and traders seeking the latest updates and insights on Papaya Growth Opportunity I Unit stock.
Papaya Growth Opportunity Corp I is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The Company has not selected any specific business combination target.
The Company is supported by an executive team led by Chief Executive Officer Clay Whitehead, President Alexander Spiro, and Chief Financial Officer and Secretary Daniel Rogers.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on the beliefs of management and information available to the Company.
Actual results could differ materially from those contemplated by the forward-looking statements. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Papaya Growth Opportunity Corp. I (NASDAQ: PPYA) announced that it received a notice from Nasdaq regarding a delayed filing of its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024.
The notice does not immediately affect the listing or trading of the company's securities. Papaya has up to 60 days from the notice date to submit a compliance plan to Nasdaq. If accepted, Nasdaq could grant an extension of up to 180 days from the original due date, extending the deadline to November 18, 2024.
The company is working to finalize its financial statements and file the Form 10-Q as soon as possible.
Papaya Growth Opportunity Corp. I (NASDAQ: PPYAU) announced that starting March 4, 2022, unit holders from its IPO can opt to trade shares of Class A common stock and warrants separately. The Class A Common Stock and warrants will be traded under the symbols 'PPYA' and 'PPYAW,' respectively, while the unseparated units will continue under 'PPYAU.' Holders need to contact Continental Stock Transfer & Trust Company for the separation process. The company focuses on potential business combinations in various sectors, including software and fintech.
Papaya Growth Opportunity Corp. I announced the closing of its initial public offering, raising $287.5 million by selling 28,750,000 units at $10.00 each. This includes 3,750,000 units from the exercise of the overallotment option. The units began trading on Nasdaq under the ticker symbol 'PPYAU' on January 14, 2022. Each unit comprises one Class A common stock share and one-half redeemable warrant. The trust account received $293.25 million from the offering's proceeds. Copies of the prospectus can be obtained from Cantor Fitzgerald & Co.
Papaya Growth Opportunity Corp. I has priced its initial public offering (IPO) at $10.00 per unit, totaling 25,000,000 units, set to trade on Nasdaq under the ticker symbol PPYAU starting January 14, 2022. Each unit comprises one share of Class A common stock and one-half of a redeemable warrant. The company aims to pursue mergers and acquisitions primarily in sectors like software, media, and fintech, with a focus on AI and digital marketplaces. Underwriters received a 45-day option for an additional 3,750,000 units for over-allotments.
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