Papaya Corp. Invites Shareholder Vote on Key Proposals

Papaya Growth Opportunity Corp. I Class A (PPYA) has released an update.

Papaya Growth Opportunity Corp. I is inviting stockholders to a crucial vote at their Special Meeting on February 13, 2024. Key decisions include whether to extend their deadline for a business combination by a month up to January 19, 2025, and to amend their trust agreement, allowing for monthly payments into a trust account for each share post-redemptions to support this extension. Additionally, there’s a proposal to adjourn the meeting for further proxy solicitation if needed, with the extension payment set at the lesser of $30,000 or $0.0225 per outstanding share.

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For a comprehensive understanding of the announcement, you can read the full document here.