Papaya Growth Opportunity Corp. I Files Proxy Statement
Sentiment: neutral
Topics: proxy-statement, spac, governance
TL;DR
Papaya Growth Opportunity Corp. I filed its DEF 14A. Standard proxy stuff, no immediate red flags.
AI Summary
Papaya Growth Opportunity Corp. I filed a definitive proxy statement (DEF 14A) on December 27, 2024, for its fiscal year ending December 31, 2025. The company, a blank check company, is incorporated in Delaware and headquartered in Oakland, California. This filing is routine and does not appear to contain specific proposals or material events requiring immediate shareholder action beyond standard corporate governance.
Why It Matters
This filing provides shareholders with information regarding the company's governance and any upcoming shareholder votes, which is crucial for informed decision-making.
Risk Assessment
Risk Level: low — This is a routine DEF 14A filing for a special purpose acquisition company (SPAC) and does not indicate any unusual risks or events.
Key Numbers
- 20250114 — Conformed Period of Report (Indicates the period the proxy statement pertains to.)
- 20241227 — Filing Date (Date the definitive proxy statement was filed with the SEC.)
Key Players & Entities
- Papaya Growth Opportunity Corp. I (company) — Registrant
- 0001894057 (company) — Central Index Key
- DE (company) — State of Incorporation
- 52201 BROADWAY, SUITE 750 (company) — Business Address
- OAKLAND (company) — City
- CA (company) — State
- 94612 (company) — ZIP Code
- 510-214-3751 (company) — Business Phone
FAQ
What is the primary purpose of this DEF 14A filing by Papaya Growth Opportunity Corp. I?
The primary purpose of this DEF 14A filing is to provide shareholders with a definitive proxy statement, which is a formal document used to solicit votes from shareholders for upcoming meetings or actions.
When is the reported fiscal year end for Papaya Growth Opportunity Corp. I?
The reported fiscal year end for Papaya Growth Opportunity Corp. I is December 31 (1231).
What is the SIC code associated with Papaya Growth Opportunity Corp. I?
The Standard Industrial Classification (SIC) code associated with Papaya Growth Opportunity Corp. I is 6770, which typically relates to Blank Checks.
Where is Papaya Growth Opportunity Corp. I headquartered?
Papaya Growth Opportunity Corp. I is headquartered at 52201 Broadway, Suite 750, Oakland, CA 94612.
Was there a fee required for this filing?
No fee was required for this filing, as indicated by the 'No fee required' checkbox being selected.
Filing Stats: 4,795 words · 19 min read · ~16 pages · Grade level 15.3 · Accepted 2024-12-27 16:30:15
Key Financial Figures
- $100,000 — use by, the Company in an amount up to $100,000 to pay dissolution expenses and less an
- $8.0 m — ember 30, 2024, which was approximately $8.0 million, the Company estimates that the p
- $11.29 — the Trust Account will be approximately $11.29 at the time of the Special Meeting. The
- $11.34 — common stock on December 20, 2024, was $11.34. The Company cannot assure stockholders
Filing Documents
- tm2430833-2_def14a.htm (DEF 14A) — 428KB
- px_24papayapxy01pg01-bw.jpg (GRAPHIC) — 406KB
- px_24papayapxy01pg02-bw.jpg (GRAPHIC) — 319KB
- 0001104659-24-132161.txt ( ) — 1427KB
From the Filing
DEF 14A 1 tm2430833-2_def14a.htm DEF 14A tm2430833-2_def14a - none - 3.9531324s TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under to 240 14a-12 PAPAYA GROWTH OPPORTUNITY CORP. I (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a6(i)(1) and 0-11. TABLE OF CONTENTS PAPAYA GROWTH OPPORTUNITY CORP. I 3500 South Dupont Highway, Suite HX-102 Dover, DE 19901 PROXY STATEMENT FOR SPECIAL MEETING IN LIEU OF ANNUAL MEETING OF STOCKHOLDERS OF PAPAYA GROWTH OPPORTUNITY CORP. I Dear Stockholders of Papaya Growth Opportunity Corp. I: You are cordially invited to attend a special meeting in lieu of an annual meeting of stockholders of Papaya Growth Opportunity Corp. I, a Delaware corporation (the "Company," "we," "us" or "our"), to be held at 11:00 AM, Eastern time, on January 14, 2025 (the "Special Meeting"), or at such other time and on such other date to which the meeting may be adjourned or postponed. The Special Meeting will be held via the Internet and will be a completely virtual meeting of stockholders. You will be able to attend the Special Meeting online, vote, view the list of stockholders entitled to vote at the Special Meeting and submit your questions during the Special Meeting by visiting https://www.cstproxy.com/papayagrowth/2025. If your shares are held with a bank, broker or nominee and you wish to vote during the Special Meeting, you will need to obtain a legal proxy from your bank, broker or nominee and submit it to Continental Stock Transfer & Trust Company ("Continental") by email at proxy@continentalstock.com. To vote during the Special Meeting as a stockholder of record, you will need the control number that is printed on your proxy card. We recommend logging in at least fifteen minutes before the meeting to ensure that you are logged in when the meeting starts. Online check-in will start shortly before the meeting on January 14, 2025. The accompanying proxy statement is dated December 27, 2024, and is first being mailed to stockholders of the Company on or about December 30, 2024. Even if you are planning on attending the Special Meeting online, please promptly submit your proxy vote by completing, dating, signing and returning the enclosed proxy, so that your shares will be represented at the Special Meeting. It is strongly recommended that you complete and return your proxy card before the Special Meeting date to ensure that your shares will be represented at the Special Meeting. Instructions on how to vote your shares are in the accompanying proxy statement and the other proxy materials you received for the Special Meeting. The Special Meeting is being held to consider and vote upon the following proposals: 1. Proposal No. 1—The Extension Amendment Proposal — A proposal to amend (the "Extension Amendment") the Company's Second Amended and Restated Certificate of Incorporation (as amended, the "Charter"), to provide the Company's Board of Directors (the "Board") with the right to extend (the "Extension") the date by which the Company has to consummate a business combination (the "Combination Period") from January 19, 2025 to December 19, 2025 (or such earlier date as determined by the Board) (as extended, the "Extended Date ") (the "Extension Amendment Proposal"). 2. Proposal No. 2—The Trust Amendment Proposal — A proposal to approve the adoption of an amendment (the "Trust Amendment," and together with the Extension Amendment, the "Amendments") to our investment management trust agreement, dated January 13, 2022, with Continental Stock Transfer & Trust Company, as trustee (as amended, the "Trust Agreement"), to allow the trustee to liquidate the trust account (the "Trust Account") established in connection with our initial public offering at such time as may be determined by the Company as set forth in the Extension Amendment. The proposal described above is referred to herein as the "Trust Amendment Proposal." The Extension Amendment Proposal and the Trust Amendment Proposal are referred to herein as the "Amendment Proposals." TABLE OF CONTENTS 3. Proposal No. 3—The Adjournment Proposal — A proposal to approve the adjournment of the Special Meeting from time to time to solicit additional proxies in favor of the Amendmen