---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-052193"
form_type: "8-K/A"
ticker: null
cik: "0001894057"
company_name: "Papaya Growth Opportunity Corp. I"
filed_at: "2023-04-28T23:59:59+00:00"
generated_at: "2026-06-16T06:44:55.713509+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Papaya Growth extends deadline to Oct 2023; holders redeem 18.9M shares (~$196M)

## Summary
- Shareholders approved extension to October 19, 2023, with up to six one-month extensions.
- Sponsor loan facility of up to $2.8M; $331,185 borrowed as of filing date.
- 18,885,901 shares redeemed at ~$10.3988/share, aggregate ~$196.4M.
- Following redemptions, 9,864,099 public Class A shares remain outstanding.

## SEC filing metadata
- accession: 0001104659-23-052193
- form_type: 8-K/A
- cik: 0001894057
- company_name: Papaya Growth Opportunity Corp. I
- filed_at: 2023-04-28T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 5.07, 2.03, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1894057/000110465923052193/0001104659-23-052193-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1894057/000110465923052193/tm2314033d1_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-052193
- JSON: https://secwatch.observer/filing/0001104659-23-052193.json
- Plain text: https://secwatch.observer/filing/0001104659-23-052193.txt

## Key facts
- Debt Financings
  Papaya Growth Opportunity Corp. I incurred loan 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: $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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1894057/000110465923052193/0001104659-23-052193-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.