Item 1.01. Entry into a Material Definitive Agreement.
On
In connection with the IPO, the Company entered into the following agreements,
forms of which were previously filed as exhibits to the Company's Registration
Statement on Form S-1 (File No. 333-261317) related to the IPO, initially filed
with the
? An Underwriting Agreement (the "Underwriting Agreement"), datedJanuary 13, 2022 , by and between the Company andCantor Fitzgerald & Co. ("Underwriter"), as representative of the several underwriters, a copy of which is attached as Exhibit 1.1 hereto and incorporated herein by reference. ? A Second Amended and Restated Certificate of Incorporation of the Company, a copy of which is attached as Exhibit 3.1 hereto and incorporated by reference. ? A Warrant Agreement, datedJanuary 13, 2022 , by and between the Company andContinental Stock Transfer & Trust Company ("CST"), as warrant agent, a copy of which is attached as Exhibit 4.1 hereto and incorporated herein by reference. ? A Letter Agreement, datedJanuary 13, 2022 , by and among the Company, its officers, its directors and Sponsor, a copy of which is attached as Exhibit 10.1 hereto and incorporated herein by reference. ?An Investment Management Trust Agreement, datedJanuary 13, 2022 , by and between the Company and CST, as trustee, a copy of which is attached as Exhibit 10.2 hereto and incorporated herein by reference. ? A Registration Rights Agreement, datedJanuary 13, 2022 , by and among the Company, Sponsor,Underwriter andJ.V.B. Financial Group, LLC on behalf of itsCohen & Company Capital Markets division ("CCM"), a copy of which is attached as Exhibit 10.3 hereto and incorporated herein by reference. ? A Private Placement Unit Subscription Agreement, datedJanuary 13, 2022 (the "Sponsor Private Placement Unit Subscription Agreement"), by and between the Company and the Sponsor, a copy of which is attached as Exhibit 10.4 hereto and incorporated herein by reference. ? A Private Placement Unit Subscription Agreement, datedJanuary 13, 2022 (the "Underwriter Private Placement Unit Subscription Agreement"), by and between the Company and Underwriter, a copy of which is attached as Exhibit 10.5 hereto and incorporated herein by reference. ? A Private Placement Unit Subscription Agreement, datedJanuary 13, 2022 (the "CCM Private Placement Unit Subscription Agreement" and together with the Sponsor Private Placement Unit Subscription Agreement and the Underwriter Private Placement Unit Subscription Agreement, the "Private Placement Unit Subscription Agreements"), by and between the Company and CCM, a copy of which is attached as Exhibit 10.6 hereto and incorporated herein by reference. ? Indemnity Agreements, datedJanuary 13, 2022 (the "Indemnity Agreements"), by and between the Company and each of the directors and officers of the Company, a form of which is attached as Exhibit 10.7 hereto and incorporated herein by reference. ? An Administrative Services Agreement, datedJanuary 13, 2022 , by and between the Company and the Sponsor, a copy of which is attached as Exhibit 10.8 hereto and incorporated herein by reference. Item 3.02. Unregistered Sales ofEquity Securities .
Simultaneously with the closing of the IPO, pursuant to the Private Placement
Unit Subscription Agreements, the Company completed the private sale of an
aggregate of 1,365,500 units (the "Placement Units") (1,115,500 Placement Units
to the Sponsor, 212,500 Placement Units to the Underwriter and 37,500 Placement
Units to CCM) at a purchase price of
Item 5.03 Amendments to Certificate of Incorporation or Bylaws; Change in Fiscal
Year
On
Company approved and adopted the Company's Amended and Restated Certificate of
Incorporation (the "A&R COI"). The terms of the A&R COI are set forth in the
Registration Statement and are incorporated herein by reference. A copy of the
A&R COI is attached as Exhibit 3.1 hereto and incorporated herein by reference.
Item Other Events 8.01.
A total of
In addition, the 7,528,875 shares of Class B common stock of the Company (the "Founder Shares") held by the Sponsor (prior to the exercise of the over-allotment) included an aggregate of up to 956,250 Founder Shares that were subject to forfeiture by the Sponsor to the extent that the underwriter's over-allotment option was not exercised in full. Since the underwriter exercised its over-allotment option in full, there are no longer any Founder Shares subject to forfeiture.
On
On
Item 9.01 Financial Statements and Exhibits. (d) Exhibits
The following exhibits are being filed herewith:
Exhibit No. Description 1.1 Underwriting Agreement, datedJanuary 13, 2022 , by and between the Company andCantor Fitzgerald & Co. , as representative of the several underwriters. 3.1 Second Amended and Restated Certificate of Incorporation of the Company. 4.1 Warrant Agreement, datedJanuary 13, 2022 , by and between the Company andContinental Stock Transfer & Trust Company , as warrant agent. 10.1 Letter Agreement, datedJanuary 13, 2022 , by and among the Company, its officers, its directors andPapaya Growth Opportunity I Sponsor, LLC . 10.2 Investment Management Trust Agreement, datedJanuary 13, 2022 , by and between the Company andContinental Stock Transfer & Trust Company , as trustee. 10.3 Registration Rights Agreement, datedJanuary 13, 2022 , by and among the Company,Papaya Growth Opportunity I Sponsor, LLC ,Cantor Fitzgerald & Co andJ.V.B. Financial Group, LLC on behalf of itsCohen & Company Capital Markets division. 10.4 Private Placement Unit Subscription Agreement, datedJanuary 13, 2022 , by and between the Company andPapaya Growth Opportunity I Sponsor, LLC . 10.5 Private Placement Unit Subscription Agreement, datedJanuary 13, 2022 , by and between the Company andCantor Fitzgerald & Co. 10.6 Private Placement Unit Subscription Agreement, datedJanuary 13, 2022 , by and between the Company andJ.V.B. Financial Group, LLC . 10.7 Form of Indemnity Agreement, datedJanuary 13, 2022 , by and between the Company and each of the directors and officers of the Company. 10.8 Administrative Services Agreement, datedJanuary 13, 2022 , by and between the Company andPapaya Growth Opportunity I Sponsor LLC . 99.1 Press Release, datedJanuary 13, 2022 . 99.2 Press Release, datedJanuary 19, 2022 .
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