---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-025496"
form_type: "8-K"
ticker: null
cik: "0001894057"
company_name: "Papaya Growth Opportunity Corp. I"
filed_at: "2024-02-20T23:59:59+00:00"
generated_at: "2026-06-05T23:26:18.728185+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Papaya Growth extends business combination deadline to Jan 2025; $17.4M in redemptions

## Summary
- Stockholders approved extending combination period from Feb 19, 2024 to Jan 19, 2025 via monthly deposits of $30,000 or $0.0225 per share.
- Sponsor issued a $1.2M promissory note to fund extension deposits; non-interest bearing, due on business combination, forgiven if no deal.
- 1,592,678 public shares redeemed at ~$10.9438/share for ~$17.43M; 710,529 public shares remain outstanding.
- Sponsor converted all Class B shares to Class A on a one-for-one basis, waiving rights to trust account proceeds.

## SEC filing metadata
- accession: 0001104659-24-025496
- form_type: 8-K
- cik: 0001894057
- company_name: Papaya Growth Opportunity Corp. I
- filed_at: 2024-02-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.03, 5.07, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1894057/000110465924025496/0001104659-24-025496-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1894057/000110465924025496/tm246581d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-025496
- JSON: https://secwatch.observer/filing/0001104659-24-025496.json
- Plain text: https://secwatch.observer/filing/0001104659-24-025496.txt

## Key facts
- Governance Changes
  Papaya Growth Opportunity Corp. I: Stockholders approved a charter amendment at the Special Meeting.
  - Change: charter amendment
  source text: At the Special Meeting, the Company’s stockholders approved the Charter Amendment
  evidence_url: https://www.sec.gov/Archives/edgar/data/1894057/000110465924025496/0001104659-24-025496-index.htm
- Material Agreements
  Papaya Growth Opportunity Corp. I entered into Promissory Note with Papaya Growth Opportunity I Sponsor, LLC valued at up to an aggregate principal amount of $1.2 million (effective 2024-02-16).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Papaya Growth Opportunity I Sponsor, LLC
  - Value: up to an aggregate principal amount of $1.2 million
  - Effective: 2024-02-16
  source text: On February 16, 2024, 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 $1.2 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1894057/000110465924025496/0001104659-24-025496-index.htm

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