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
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
873071107
PPYA stock data
Latest filings (excl ownership)
10-K
2023 FY
Annual report
29 Mar 24
8-K
Entry into a Material Definitive Agreement
20 Feb 24
DEFA14A
Additional proxy soliciting materials
12 Feb 24
8-K
Other Events
12 Feb 24
DEFA14A
Additional proxy soliciting materials
9 Feb 24
8-K
Other Events
9 Feb 24
DEF 14A
Definitive proxy
16 Jan 24
PRE 14A
Preliminary proxy
3 Jan 24
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
13 Dec 23
10-Q
2023 Q3
Quarterly report
13 Nov 23
Latest ownership filings
SC 13G/A
Walleye Capital LLC
10 Apr 24
SC 13G/A
Walleye Capital LLC
11 Mar 24
4
Change in insider ownership
21 Feb 24
4
Clay Whitehead
21 Feb 24
SC 13G
Walleye Capital LLC
14 Feb 24
SC 13G
Alberta Investment Management Corp
12 Feb 24
SC 13G/A
Saba Capital Management, L.P.
8 Feb 24
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
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Operating income | |||||
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
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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) | 2.92 k | 2.92 k | 2.92 k | 2.92 k | 2.92 k | 2.92 k |
Cash burn (monthly) | 3.66 k | 66.01 k | (no burn) | (no burn) | 244.75 k | 375.07 k |
Cash used (since last report) | 24.93 k | 449.36 k | n/a | n/a | 1.67 mm | 2.55 mm |
Cash remaining | -22.02 k | -446.44 k | n/a | n/a | -1.66 mm | -2.55 mm |
Runway (months of cash) | -6.0 | -6.8 | n/a | n/a | -6.8 | -6.8 |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 49 |
Opened positions | 3 |
Closed positions | 5 |
Increased positions | 3 |
Reduced positions | 3 |
13F shares | Current |
---|---|
Total value | 637.24 mm |
Total shares | 20.64 mm |
Total puts | 0.00 |
Total calls | 550.00 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 | $69.63 mm |
Periscope Capital | 1.07 mm | $64.46 mm |
MMCAP International Inc. SPC | 675.00 k | $39.35 mm |
HGC Investment Management | 672.82 k | $39.23 mm |
Calamos Advisors | 625.00 k | $38.09 mm |
CNH Partners | 600.93 k | $35.03 mm |
Cantor Fitzgerald, L. P. | 550.00 k | $32.07 mm |
Fir Tree Capital Management | 445.75 k | $24.70 mm |
Polar Asset Management Partners | 426.79 k | $24.88 mm |