Papaya Growth Opportunity Corp. I receives BCA termination notice; SPAC disputes termination

Papaya Growth Opportunity Corp. I

On June 12, 2026, SPAC received Notice of Termination of Business Combination Agreement from 2744026 Alberta Ltd. alleging breaches by SPAC.
SPAC disputes the purported termination and reserves all rights concerning the BCA.
BCA was originally entered April 21, 2025 and amended September 26, 2025; termination threatens the SPAC's sole business combination.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.85

Papaya Growth Opportunity Corp. I terminated Business Combination Agreement with 2744026 Alberta Ltd. (the “Company”) and F&M Merger Sub 1 Inc. (effective 2026-06-12).

Action: termination
Agreement: merger
Counterparty: 2744026 Alberta Ltd. (the “Company”) and F&M Merger Sub 1 Inc.
Effective: 2026-06-12

Exact text from the filing

On June 12, 2026, the SPAC received a Notice of Termination of the BCA from the Company, purporting to terminate the BCA pursuant to Section 9.1(f)(i) thereof on the basis of certain alleged breaches by the SPAC.

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Source: SEC EDGAR

accession 0001104659-26-075879

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