Papaya Growth Opportunity I in a proxy filing seeks to push its deadline back to Feb. 19, 2024 in monthly increments. Its current extension expires Oct. 19. Shareholders approved that measure in April.
The latest extension proposal, if approved, calls for the SPAC to deposit the lesser of $325,000 or 3.25 cents a share into trust for each month required.
The SPAC raised $250 million in a January 2022 IPO 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.
