Papaya Growth Opportunity net loss widens to $369,023 in Q3 FY25
PPYA•Deadline for business combination extended
The company extended its business-combination deadline to Dec. 19, 2026 and amended its deal with Forbes & Manhattan to extend the outside date to Dec. 31, 2026.
Q3 net loss widens as interest income falls
Papaya Growth Opportunity Corp. I posted a net loss of $369,023 for the quarter ended Sept. 30, 2025, widening from $332,277 a year earlier.
Operating expenses fell to $376,000 from $405,352, while interest income on cash held in the Trust Account dropped to $9,026 from $89,718.
Nine-month loss increases and cash outside trust remains limited
For the nine months, net loss widened to $2.17 million from $933,491, as operating expenses climbed to $2.19 million from $1.22 million.
Interest income for the nine months fell to $36,515 from $375,649, while cash outside the Trust Account totaled at Sept. 30, 2025.
