Certain Class B Common Stock of Papaya Growth Opportunity Corp. I are subject to a Lock-Up Agreement Ending on 13-JUL-2022. These Class B Common Stock will be under lockup for 181 days starting from 13-JAN-2022 to 13-JUL-2022.

Details:
The company's sponsor and officers and directors have agreed that, for a period of 180 days from the date of this prospectus, will not, without the prior written consent of Cantor Fitzgerald & Co., the representative of the underwriters, offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, any units, warrants, shares of common stock or any other securities convertible into, or exercisable, or exchangeable for, shares of common stock, provided, however, that may issue and sell the private placement units, issue and sell the additional units to cover underwriters' over-allotment option (if any), register with the SEC pursuant to an agreement to be entered into concurrently with the issuance and sale of the securities in this offering, the resale of the private placement units, private placement warrants and shares of Class A common stock issuable upon exercise of the warrants and the founder shares and issue securities in connection with an initial business combination. Lock-up period is set to end on, July 13th.