---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-075879"
form_type: "8-K"
ticker: null
cik: "0001894057"
company_name: "Papaya Growth Opportunity Corp. I"
filed_at: "2026-06-18T21:23:50+00:00"
generated_at: "2026-06-18T21:27:08.081966+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "medium"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-075879
- form_type: 8-K
- cik: 0001894057
- company_name: Papaya Growth Opportunity Corp. I
- filed_at: 2026-06-18T21:23:50+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: medium
- sec_items: 1.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1894057/000110465926075879/0001104659-26-075879-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1894057/000110465926075879/tm2618269d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-075879
- JSON: https://secwatch.observer/filing/0001104659-26-075879.json
- Plain text: https://secwatch.observer/filing/0001104659-26-075879.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1894057/000110465926075879/0001104659-26-075879-index.htm

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