CAPN
Cayson Acquisition Corp10.61
-0.01-0.09%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
83.08MP/E (TTM)
-Basic EPS (TTM)
-Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Cayson Acquisition Corp swung to a net income of $415,606 in Q3 FY2025 ended September 30, 2025, up from a $31,278 loss a year earlier, driven by $648,039 in interest from its trust account while formation costs climbed to $234,096 from $87,519. For the nine months, net income hit $1,203,841 versus a $91,197 loss in 2024's inception period, with trust interest totaling $1,924,226 offsetting $729,008 in expenses. The trust balance grew to $62.7M, bolstered by a $600,000 extension deposit pushing the business combination deadline to January 2026, funded by non-interest-bearing notes from sponsor and merger target Mango Financial. Cash outside trust dipped to $87,898 amid a $482K working capital deficit. Progress advanced on the July 2025 merger agreement with Mango Group, amended in September. Yet regulatory hurdles in Cayman Islands mergers loom large.
8-K
Board appoints experienced director
Cayson Acquisition Corp. appointed Sanxin Yan to its Board of Directors on October 10, 2025, filling a vacancy and assigning him to the Audit and Compensation Committees. Yan brings over 25 years of leadership in multinational firms, including roles as Chairman at Hong Kong Joyful Bird International Capital and US Starlines LLC, plus CEO stints at Gold Mountain Winery and Hong Kong Starlines. This bolsters the board's expertise in strategic planning and investments. No related arrangements or material interests disclosed.
8-K
SPAC extends merger deadline
Cayson Acquisition Corp secured a $600,000 interest-free loan from its sponsor Cayson Holding LP and Mango Financial, effective September 17, 2025, to extend its business combination deadline from September 23, 2025, to January 23, 2026. Funds will bolster the trust account, buying time for the pending merger with Mango Financial Group Limited under the July 11, 2025, agreement. This move sustains momentum amid risks like shareholder redemptions or regulatory delays.
8-K
Merger terms amended downward
Cayson Acquisition Corp amended its July 2025 merger agreement with Mango Financial Group on September 11, 2025, slashing the aggregate merger consideration from $300 million to $140 million while boosting earnout shares from 4 million to 20 million. This adjustment signals a more conservative valuation amid ongoing business combination talks, potentially easing approval hurdles but tying bigger rewards to post-merger performance. Deal risks persist, including shareholder redemptions and regulatory nods.
8-K
Mango launches crypto strategy
Mango Financial launched its digital currency strategy on August 15, 2025, integrating cryptocurrency into operations amid Hong Kong's push for virtual asset innovation. As an SFC-licensed firm, it plans to allocate proprietary capital to Bitcoin initially, apply for license upgrades, and launch a US$100 million USD-denominated fund. This bolsters its fintech edge in STOs, RWA tokenization, stablecoins, and VATPs. Yet integration risks loom large.
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