Papaya Growth Opportunity Corp. I
PPYA
Other OTC11.01
USD
- -
- -
CIK
0001894057
ISIN
US69882P1021
CUSIP
69882P102
Return %
Stock
S&P500
1Y
- -
18.21
3Y
3.67
64.38
5Y
10.99
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Clay Whitehead
- Full Time Employees
- 3
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 2201 Broadway Oakland CA United States of America 94612
- IPO Date
- Mar 4, 2022
- CIK
- 0001894057
- Website
- papayagrowth.com
- Similar Companies
- Business
- Papaya Growth Opportunity Corp. I (PPYA) operates as a blank check company, or special purpose acquisition company (SPAC), with no significant ongoing business operations and a primary focus on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The company offers investors a vehicle to participate in such transactions through its initial public offering proceeds held in trust, including common stock, units, and warrants traded under tickers PPYA, PPYAU, and PPYAW; it leverages its financial structure and capital-raising capabilities, including over $360 million in prior PIPE financings for business combinations, to provide target companies efficient access to public markets. Founded in 2021 and headquartered in Oakland, California, Papaya Growth targets opportunities globally across sectors, with an experienced management team led by CEO Clay Whitehead that has collectively raised seven SPACs totaling $2.2 billion in trust capital and invested in high-profile private companies such as Square, Eventbrite, DigitalOcean, Calm, and Gitlab. In its most significant recent development, the company announced a business combination agreement on April 21, 2025, with PX Energy, a Latin America-focused energy sector target valued at $155 million, involving a merger where a subsidiary of PX Energy merges with and into the SPAC; this live deal, as of late 2025, includes ongoing extensions such as an amended agreement deadline and structural updates, with shareholder approval pending and the SPAC's tenor extended multiple times to facilitate closing. Papaya Growth maintains its IPO cash in trust at 102% of proceeds from its January 2022 offering of $287.5 million, led by Cantor Fitzgerald, positioning it as a strategic partner for operational businesses seeking public listing amid competitive capital markets.
Papaya Growth Opportunity Corp. I Receives Expected Notice from Nasdaq Regarding Delayed Quarterly Filing