secwatch.observer — SEC 8-K summary
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Issuer:     Papaya Growth Opportunity Corp. I (—)
CIK:        0001894057
Form:       8-K
Filed at:   2025-01-17T23:59:59+00:00
Accession:  0001104659-25-004502
Event type: other_material
Sentiment:  negative
Materiality: 0.78
Item codes: 1.01, 3.01, 5.03, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Papaya Growth Opportunity I receives Nasdaq delisting notice; extends combination deadline to Dec 2025
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- Nasdaq to suspend trading on Jan 23, 2025; securities expected to quote on OTC Pink under PPYA, PPYAU, PPYAW.
- Stockholders approved extension of business combination deadline from Jan 19, 2025 to Dec 19, 2025.
- Holders of 620,479 public shares redeemed at ~$11.34/share for aggregate ~$7.0M; only 90,050 public shares remain.
- Charter amendment filed with Delaware; trust agreement amended to extend liquidation date.
- Company intends to continue pursuing a business combination and relisting on Nasdaq, but no assurance given.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1894057/000110465925004502/0001104659-25-004502-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1894057/000110465925004502/tm253362d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-004502

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