Papaya Growth Opportunity I filed a proxy and set an April 12 meeting date for shareholders to vote on the SPAC’s proposal for a deadline extension until Oct. 19 in monthly increments.
If approved, the sponsor in return would deposit the lesser of $325,000 or 3.25 cents a share into the Papaya I trust for each one-month extension.
No other business is slated for the meeting, according to the proxy.
Papaya Growth I raised $250 million in a January 2022 IPO with plans to search for a target business operating in the software, internet, media, fintech, healthcare IT or consumer industry sectors and to focus on vertical solutions driven by AI, marketplaces, platforms and networks. Read more.
