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.