Papaya Growth Opportunity Corp. I
PPYAU
Other OTC10.42
USD
- -
- -
CIK
0001894057
ISIN
US69882P2011
CUSIP
69882P201
Return %
Stock
S&P500
1Y
- -
18.02
3Y
-2.34
64.11
5Y
3.99
72.15
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
- Jan 14, 2022
- CIK
- 0001894057
- Website
- papayagrowth.com
- Similar Companies
- Business
- Papaya Growth Opportunity Corp. I operates as a blank check company, or special purpose acquisition company (SPAC), whose primary business is to effect a merger, capital stock exchange, asset acquisition, share purchase, reorganization, or similar initial business combination with one or more businesses or entities. The company does not have significant operations of its own and focuses its efforts on identifying and evaluating suitable target companies across various sectors, leveraging cash from its initial public offering proceeds, private placement units, shares, debt, or a combination thereof to complete such transactions; it targets high-quality partner companies that can benefit from its management's proven track record in SPACs and private investments. Founded in 2021 and headquartered in Dover, Delaware, Papaya Growth Opportunity Corp. I trades on Nasdaq under the symbols PPYA (Class A ordinary shares), PPYAU (units), and PPYAW (warrants), with its management team having collectively raised seven SPACs totaling $2.2 billion in trust capital and invested in notable private companies including Square, Eventbrite, DigitalOcean, Calm, and Gitlab. In recent developments, the company entered into a definitive business combination agreement on April 21, 2025, with Forbes & Manhattan Resources Inc. and F&M Merger Sub 1 Inc., under which F&M Merger Sub 1 Inc. would merge with Papaya Growth Opportunity Corp. I, with the SPAC surviving as a direct subsidiary of Forbes & Manhattan Resources; this deal, unanimously approved by Papaya's independent directors, includes related sponsor support and exchange agreements. On September 26, 2025, Papaya amended the agreement to restructure the transaction, extend the completion deadline to December 31, 2026, and update ancillary agreements, as detailed in its regulatory filings. Additionally, in January 2025, stockholders approved amendments to the company's charter and trust agreement, extending the initial business combination deadline from January 19, 2025, to December 19, 2025, amid a focus on targets in sectors such as real estate and construction.