Papaya Growth Opportunity Corp. I’s $250 Million Initial Public Offering

McDermott Will & Emery represented Papaya Growth Opportunity Corp. I in the transaction.

Papaya Growth Opportunity Corp. I (NASDAQ: PPYAU), a newly incorporated blank check company, executed its $250 million initial public offering (IPO) of 25,000,000 units priced at $10.00 per unit. The units were listed and traded on the Nasdaq Global Market (NASDAQ). The transaction was announced on January 14, 2022.

Cantor Fitzgerald & Co. served as the sole underwriter.

While the Company may pursue an initial business combination target in any industry, it currently intends to concentrate its 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.

The McDermott team was led by Ari Edelman (Picture) and included Eric Klee, Gary Karch and Brian Tratner.

Involved fees earner: Ari Edelman – McDermott Will & Emery; Gary Karch – McDermott Will & Emery; Eric Klee – McDermott Will & Emery; Brian Tratner – McDermott Will & Emery;

Law Firms: McDermott Will & Emery;

Clients: Papaya Growth Opportunity Corp. I;