Maywood Acquisition Corp. Announces Separate Trading of its Class A Ordinary Shares and Rights

Rhea-AI Summary

Maywood Acquisition Corp. (NASDAQ:MAYAU) has announced that starting March 7, 2025, investors who hold units from its initial public offering can choose to trade the company's Class A ordinary shares and rights separately. The separated securities will trade on the Nasdaq Global Market under the symbols 'MAYA' (Class A ordinary shares) and 'MAYAR' (rights).

Unseparated units will continue trading under 'MAYAU'. To separate units, holders must contact Continental Stock Transfer & Trust Company through their brokers. Only whole rights will be traded, with no fractional rights being issued.

The company, registered as a Cayman exempt company, operates as a blank check company seeking business combination opportunities through merger, share exchange, asset acquisition, or similar transactions. The company is currently led by Chairman and CEO Zikang Wu.

NEW YORK, NY / ACCESS Newswire / February 28, 2025 / Maywood Acquisition Corp. (NASDAQ:MAYAU) (the "Company") announced today that, commencing on or about March 7, 2025, holders of its units sold in the Company's initial public offering may elect to separately trade the Company's Class A ordinary shares and rights included in the units. The Class A ordinary shares and rights that are separated will trade on the Nasdaq Global Market ("Nasdaq") under the symbols "MAYA" and "MAYAR," respectively. No fractional rights will be issued upon separation of the units and only whole rights will trade. Those units not separated will continue to trade on Nasdaq under the symbol "MAYAU." Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company's transfer agent, in order to separate the units into Class A ordinary shares and rights.

The Company is a Cayman exempt company, formed as a blank check company for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The Company is led by its Chairman of the Board and Chief Executive Officer, Zikang Wu.

FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute "forward-looking statements." Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's final prospectus relating to the Company's initial public offering filed with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact:

IR Team
ir@maywoodacq.com

SOURCE: Maywood Acquisition Corp.

View the original press release on ACCESS Newswire

FAQ

When will Maywood Acquisition Corp (MAYA) begin separate trading of its shares and rights?

Separate trading of Maywood's Class A ordinary shares (MAYA) and rights (MAYAR) will commence on March 7, 2025.

What are the trading symbols for Maywood Acquisition Corp's securities on Nasdaq?

The company's securities trade under MAYA (Class A ordinary shares), MAYAR (rights), and MAYAU (unseparated units).

How can investors separate their Maywood Acquisition Corp (MAYA) units into shares and rights?

Investors must contact their brokers, who will then reach out to Continental Stock Transfer & Trust Company to separate the units.

Will Maywood Acquisition Corp (MAYA) issue fractional rights during the unit separation?

No, the company will not issue fractional rights. Only whole rights will be traded on Nasdaq.

What is the business purpose of Maywood Acquisition Corp (MAYA)?

Maywood is a blank check company seeking business combinations through merger, share exchange, asset acquisition, or similar transactions.