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The latest announcement is out from Papaya Growth Opportunity Corp. I Class A (PPYA).
Papaya Growth Opportunity Corp. I has regained compliance with Nasdaq’s Market Value of Listed Securities requirement after a period of trading below the minimum, closing the matter of its initial non-compliance. However, the company is now facing a new compliance issue for not filing its quarterly report on time and has until August 5, 2024, to submit a plan to Nasdaq to rectify this. If the plan is rejected, the company may appeal, but there’s no guarantee that it will regain compliance within any granted extension. Despite the notice, there’s no immediate impact on the trading of the company’s securities.
For detailed information about PPYA stock, go to TipRanks’ Stock Analysis page.
