Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Papaya Growth Opportunity Corp. I incurred loan of up to an aggregate principal amount of $2.8 million with Papaya Growth Opportunity I Sponsor, LLC at non-interest bearing maturing the date on which the Company consummates a business combination.
- Instrument
- loan
- Principal
- up to an aggregate principal amount of $2.8 million
- Counterparty
- Papaya Growth Opportunity I Sponsor, LLC
- Rate
- non-interest bearing
- Maturity
- the date on which the Company consummates a business combination
- Event
- incurrence
Exact text from the filing
On April 17, 2023, the Company issued a promissory note (the “Promissory Note”) to Papaya Growth Opportunity I Sponsor, LLC (the “Lender”), the Company’s sponsor. Pursuant to the Promissory Note, the Lender agreed to loan the Company up to an aggregate principal amount of $2.8 million. The Promissory Note is non-interest bearing and all outstanding amounts under the Promissory Note will be due on the date on which the Company consummates a business combination (the “Maturity Date”).
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Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Papaya Growth Opportunity Corp. I: Approved Charter Amendment to extend termination date from April 19, 2023 to October 19, 2023 (effective 2023-04-18).
- Change
- charter amendment
- Effective
- 2023-04-18
Exact text from the filing
a proposal to approve the Charter Amendment to extend the termination date up to six (6) times for an additional one (1) month each time, from April 19, 2023 to October 19, 2023
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Shareholder Votes
SEC 8-K Item 5.07
confidence 0.4
Papaya Growth Opportunity Corp. I shareholders approved Amendment to certificate of incorporation to extend business combination deadline at the 2023-04-12 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-04-12
Exact text from the filing
at the Special Meeting the Company’s stockholders approved (i) an amendment (the “IMTA Amendment”) to the Company’s Investment Management Trust Agreement (the “IMTA”), dated January 13, 2022, with Continental Stock Transfer & Trust Company (“CST”), as trustee, and (ii) an amendment to the Company’s second amended and restated certificate of incorporation, to extend the date by which the Company must consummate a business combination transaction up to six (6) times for an additional one (1) month each time, from April 19, 2023 to October 19, 2023 (the “Charter Amendment”).
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Shareholder Votes
SEC 8-K Item 5.07
confidence 0.4
Papaya Growth Opportunity Corp. I shareholders approved Approval of amendment to Investment Management Trust Agreement at the 2023-04-12 meeting.
- Outcome
- passed
- Meeting
- 2023-04-12
Exact text from the filing
at the Special Meeting the Company’s stockholders approved (i) an amendment (the “IMTA Amendment”) to the Company’s Investment Management Trust Agreement (the “IMTA”), dated January 13, 2022, with Continental Stock Transfer & Trust Company (“CST”), as trustee, and (ii) an amendment to the Company’s second amended and restated certificate of incorporation, to extend the date by which the Company must consummate a business combination transaction up to six (6) times for an additional one (1) month each time, from April 19, 2023 to October 19, 2023 (the “Charter Amendment”).
View on SEC.gov