The Company is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any industry, it concentrates its search for a target business operating in the software, internet, media, fintech, healthcare IT or consumer industry sectors and focuses on vertical solutions driven by AI, marketplaces, platforms and networks. The Company is supported by an executive team led by Chairperson Patrick Pohlen, Chief Executive Officer Clay Whitehead, President Alexander Spiro, and Chief Financial Officer and Secretary Daniel Rogers.
Company profile
Ticker
PPYA, PPYAU, PPYAW
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
873071107
PPYA stock data
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
1 Sep 23
DEFA14A
Additional proxy soliciting materials
16 Aug 23
8-K
Other Events
16 Aug 23
10-Q
2023 Q2
Quarterly report
11 Aug 23
DEF 14A
Definitive proxy
31 Jul 23
PRE 14A
Preliminary proxy
20 Jul 23
10-Q
2023 Q1
Quarterly report
17 May 23
NT 10-Q
Notice of late quarterly filing
16 May 23
8-K/A
Entry into a Material Definitive Agreement
28 Apr 23
8-K
Entry into a Material Definitive Agreement
18 Apr 23
Latest ownership filings
3
Initial statement of insider ownership
8 Sep 23
SC 13G/A
MMCAP International Inc. SPC
14 Feb 23
SC 13G/A
Saba Capital Management, L.P.
14 Feb 23
3
Neil B Herceg
26 Jan 23
3
Daniel A Murillo
26 Jan 23
3
Timothy J Schenk
26 Jan 23
SC 13D
Papaya Growth Opportunity I Sponsor, LLC
27 Jan 22
SC 13G
MMCAP International Inc. SPC
25 Jan 22
SC 13G
Saba Capital Management, L.P.
24 Jan 22
4
Clay Whitehead
19 Jan 22
Financial summary
| Quarter (USD) | Jun 23 | Mar 23 | Dec 22 | Sep 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | |
|---|---|---|---|
| Revenue | |||
| Cost of revenue | |||
| Operating income | |||
| Operating margin | |||
| Net income | |||
| Net profit margin | |||
| Cash on hand | |||
| Change in cash | |||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 13.91 k | 13.91 k | 13.91 k | 13.91 k | 13.91 k | 13.91 k |
| Cash burn (monthly) | (no burn) | 98.16 k | (no burn) | (no burn) | 894.48 k | 346.94 k |
| Cash used (since last report) | n/a | 283.54 k | n/a | n/a | 2.58 mm | 1.00 mm |
| Cash remaining | n/a | -269.63 k | n/a | n/a | -2.57 mm | -988.26 k |
| Runway (months of cash) | n/a | -2.7 | n/a | n/a | -2.9 | -2.8 |
Institutional ownership, Q2 2023
| 13F holders | Current |
|---|---|
| Total holders | 51 |
| Opened positions | 16 |
| Closed positions | 25 |
| Increased positions | 2 |
| Reduced positions | 31 |
| 13F shares | Current |
|---|---|
| Total value | 2.08 bn |
| Total shares | 20.36 mm |
| Total puts | 0.00 |
| Total calls | 462.50 k |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Papaya Growth Opportunity I Sponsor | 8.64 mm | $0.00 |
| Saba Capital Management | 1.14 mm | $87.85 mm |
| Periscope Capital | 1.07 mm | $78.23 mm |
| MMCAP International Inc. SPC | 675.00 k | $38.95 mm |
| HGC Investment Management | 672.82 k | $37.00 k |
| Calamos Advisors | 625.00 k | $47.31 mm |
| CNH Partners | 600.93 k | $34.67 mm |
| Cantor Fitzgerald, L. P. | 550.00 k | $31.74 mm |
| Fir Tree Capital Management | 451.50 k | $35.04 mm |
| Polar Asset Management Partners | 426.79 k | $24.63 mm |