On April 21, 2025, PX Energy and Papaya Growth Opportunity Corp. I entered into a definitive business combination agreement. Upon the completion of the transaction, the combined entity will continue under the name “PX Energy” and its shares will be listed on the Nasdaq. The transaction is expected to close in late 2025, subject to regulatory and shareholder approvals and other customary closing conditions.
PX Energy operates a vertically integrated petroleum refining and recycling facility in southern Brazil producing refined oil and agricultural products.
Cassels is acting as Canadian counsel to PX Energy.