Papaya Growth Opportunity Corp. I (PPYAU) Prices $250M IPO

Papaya Growth Opportunity Corp. I announced the pricing of its $250 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “PPYAU” Friday, January 14.

The new SPAC intends to search for a target business operating in the software, internet, media, fintech, healthcare IT, or consumer industry sectors and to focus on vertical solutions driven by AI, marketplaces, platforms and networks. Papaya Growth Opportunity Corp. I is led by CEO Clay Whitehead, CFO and Secretary Daniel Rogers, President Alexander Spiro and Chairperson Patrick Pohlen.

Total SPAC deal count for 2022 year-to-date is now 13. This offering is expected to close on Tuesday, January 18.

Cantor is acting as the sole book-running manager for the offering. McDermott Will & Emery LLP is serving as Issuer’s Counsel with Elenoff Grossman & Schole LLP serving as Underwriter’s Counsel. Citrin Cooperman & Company, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.