---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-125760"
form_type: "8-K"
ticker: null
cik: "0001894057"
company_name: "Papaya Growth Opportunity Corp. I"
filed_at: "2023-12-13T23:59:59+00:00"
generated_at: "2026-06-07T13:41:03.984372+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Papaya Growth Opportunity Corp. I receives Nasdaq MVLS deficiency notice; 180 days to comply

## Summary
- On Dec 7, 2023, Nasdaq notified PPYA that its common stock's MVLS fell below the $50M minimum for 30 consecutive days.
- Company has until June 7, 2024 to regain compliance by closing MVLS at or above $50M for 10 consecutive business days.
- If not compliant by then, Nasdaq will initiate delisting; Company may appeal or transfer to Nasdaq Capital Market.
- Company intends to monitor MVLS and evaluate options, but there is no assurance of regaining compliance.

## SEC filing metadata
- accession: 0001104659-23-125760
- form_type: 8-K
- cik: 0001894057
- company_name: Papaya Growth Opportunity Corp. I
- filed_at: 2023-12-13T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1894057/000110465923125760/0001104659-23-125760-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1894057/000110465923125760/tm2332745d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-125760
- JSON: https://secwatch.observer/filing/0001104659-23-125760.json
- Plain text: https://secwatch.observer/filing/0001104659-23-125760.txt

## Key facts
- Listing & Compliance Notices
  Papaya Growth Opportunity Corp. I received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(2)(A)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: market value
  - Rules: 5450(b)(2)(A)
  source text: December 7, 2023, Papaya Growth Opportunity Corp. I, a Delaware corporation (the “ Company ”), received a letter (the “ Letter ”) from the staff at The Nasdaq Global Market (“ Nasdaq ”) notifying the Company that, for the 30 consecutive trading days prior to the date of the Letter, the Company’s common stock had traded at a value below the minimum $50,000,000 “Market Value of Listed Securities” (“ MVLS ”) requirement set forth in Nasdaq Listing Rule 5450(b)(2)(A), which is required for continued listing of the Company’s common stock on Nasdaq. The Letter is only a notification of deficiency, n
  evidence_url: https://www.sec.gov/Archives/edgar/data/1894057/000110465923125760/0001104659-23-125760-index.htm

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