Papaya Growth Opportunity I files to raise $250 million through an offering of 25 million units, each priced at $10 and consisting of one share and one-half of a warrant. The sponsor has committed to the private placement purchase of up to approximately $13.66 million in units.
Papaya Growth in the filing said it will target a business in the software, internet, media, fintech, healthcare IT, or consumer industry, with a particular focus on vertical solutions driven by AI, protocols, marketplaces, platforms, and networks.
Cantor is sole book-running manager.
The SPAC has applied for a Nasdaq listing under PPYAU. Read more.
