We will leverage our experience in sourcing transactions, performing due diligence, structuring and closing deals, and capital markets execution to create a combination with an exceptional business in the software, internet, media, fintech, healthcare IT or consumer industry, with a particular focus on vertical solutions driven by AI, marketplaces, platforms and networks.

Our sponsor is affiliated with Launchpad Capital (“Launchpad”). Our team has collectively raised 7 SPACs, totaling $2,200,000,000 in trust capital, and has made extensive private market investments, including Square, Eventbrite, DigitalOcean, Calm and Gitlab. We believe our investments have demonstrated a history of strong performance based on realized returns.

We believe that our past performance and proven ability in raising PIPEs, with over $360,000,000 in PIPE capital raised cumulatively for business combinations totaling $4,400,000,000 in equity value, will provide partner companies with increased confidence of proceeds and valuation as well as reduced management distraction. We also believe the Company is well-positioned to establish a stable base of long-term investors for our partner company through relationships and rigorous diligence. We have invested in or advised CEOs at 14 companies valued over $1,000,000,000, putting us in a privileged position to be a strong strategic and tactical partner to our eventual partner company.

(Note: Papaya Growth Opportunity Corp. I priced its SPAC IPO on Jan. 13, 2022, in line with the terms in its prospectus: 25 million units at $10 each to raise $250 million.)