Cayson Acquisition Corp. filings document the disclosure framework of a SPAC seeking an initial business combination. The record includes Form 8-K material-event reports and proxy materials covering shareholder votes, extension amendments, capital structure, governance matters, risk factors, and security terms for ordinary shares and rights.
The filings also address Nasdaq listing-related compliance matters, board and committee governance, material agreements, and operating and financial disclosures relevant to a blank-check company before completion of a business combination.
Cayson Acquisition Corp (CAPN) said Nasdaq initiated procedures to delist its securities after the company did not provide shareholder figures within an extension and therefore did not evidence compliance with the exchange’s requirement for at least 400 total holders of ordinary shares. Nasdaq granted the extension through October 26, 2026, after CAPN timely submitted a compliance plan.
CAPN said it has appealed the determination, with an appeal deadline of November 5, 2026. The company believes it can provide documentation establishing the required shareholder figures before an appeal hearing is scheduled, which would make the matter moot.
Cayson Acquisition Corp (CAPN) entered into an agreement with Prisma Global Holding Limited for assistance obtaining up to $1,000,000 in working capital loans before an initial business combination and introductions to potential financing sources for up to $18,000,000 to be completed simultaneously with a business combination. CAPN will pay Prisma 10% of each loan committed, capped at $100,000 for loans made to the company, and reimburse certain expenses equal to 5% of loan amounts actually funded, capped at $50,000. The PIPE introduction fee will be agreed before definitive financing documents are executed.
CAPN also reported that its insiders deposited the $60,000 contribution for the second month of its extension on October 26, 2026. The extension permits monthly extensions of up to 12 months, through September 23, 2027, with a $60,000 insider contribution for each month used; contributions are deposited into the trust account and increase the per-share redemption price in connection with a business combination or liquidation. CAPN said it continues to seek an initial business combination.
Cayson Acquisition Corp (CAPN) CEO, director and 10% owner Yawei Cao reported 20 direct bona fide gift transfers totaling 2,875 ordinary shares on October 23, 2026. The transactions were classified as gifts, rather than purchases or sales.
Cayson Acquisition Corp. (CAPN) ordinary shares are the subject of an amended beneficial-ownership report listing Wolverine Asset Management, LLC, Wolverine Holdings, LLC, Christopher L. Gust, and Robert R. Bellick as persons who each may be deemed beneficial owners of 119,188 shares, or 3.09%. Each is reported with shared voting and dispositive power over 119,188 shares. Wolverine Asset Management is identified as an investment adviser, Wolverine Holdings as its sole member and manager, and Gust and Bellick as managers who may be deemed to control Wolverine Holdings. The percentage calculation uses 3,860,067 ordinary shares outstanding as of September 1, 2026.
Cayson Acquisition Corp (CAPN) shareholders approved amendments allowing the board to extend the business-combination deadline monthly for up to 12 months, until September 23, 2027. Each month used requires the company’s sponsors, officers, directors, affiliates or designees to lend an aggregate $60,000 for deposit into the trust account. The adjournment proposal was not voted on because a quorum was obtained and the other proposals were approved.
Effective September 23, 2026, Chief Executive Officer Yawei Cao loaned the company $60,000 under a note bearing no interest and repayable in full upon completion of a business combination; the funds will be deposited into the trust account. Holders redeemed 1,428,025 public shares in connection with the meeting. The proposals received 2,858,762 votes for and 1,357,803 against.
Cayson Acquisition Corp (CAPN) is asking shareholders to approve amendments that would let its board extend the SPAC’s deadline to complete an initial business combination on a monthly basis for up to twelve additional months, to September 23, 2027, in exchange for insider-funded monthly contributions into the trust.
Under the Extension Proposal, insiders would lend $60,000 per month, deposited into the Trust Account and repayable only if a business combination closes, which would increase the per-share redemption amount. Public shareholders may redeem their shares now for cash (based on approximately $38.8 million in the Trust Account, or about $11.22 per share as of August 31, 2026), regardless of how they vote. If the Extension and related Trust Amendment are not approved and no further monthly extension is funded at $125,000, Cayson would redeem all public shares and then liquidate and dissolve.
Cayson Acquisition Corp (CAPN) announced that it has entered into a Termination Agreement with Mango Financial Group Limited, North Water Investment Group Holdings Limited and Mango Temp Limited, mutually ending the previously signed Agreement and Plan of Merger dated July 11, 2025. Under the Termination Agreement, Mango will pay certain expenses of Cayson that it had agreed to cover, and Cayson will issue a non‑interest‑bearing promissory note for the same amount, payable upon consummation of an initial business combination. If Cayson lacks sufficient cash at that time, it may, at its sole option, convert the note’s principal into units at $10.00 per unit, identical to the private units sold in its IPO. The parties also agreed that other existing promissory notes previously issued by Cayson to Mango will be similarly convertible at Cayson’s option, and Cayson states it will resume its search for a new business combination target.
Cayson Acquisition Corp (CAPN), a Cayman Islands SPAC, is asking shareholders at a 2026 extraordinary general meeting to approve amendments that would allow more time to complete an initial business combination and to align its trust agreement with this new timetable.
The Extension Proposal would let the board extend the business combination deadline on a monthly basis for up to 12 additional months, to as late as September 23, 2027, provided the sponsors and other insiders lend the company $60,000 per month. Each monthly loan, called a Contribution, would be deposited into the Trust Account and repaid only if a business combination is completed, and otherwise forgiven except for any funds held outside the trust.
The related Trust Amendment Proposal changes the Trust Agreement to reflect the new $60,000-per-month extension structure, and an Adjournment Proposal would permit postponing the meeting if more time is needed to secure approvals. Public shareholders can elect to redeem their shares for their pro rata share of the Trust Account in connection with the Extension, regardless of how they vote. If the key proposals are not approved and no further insider deposits are made, Cayson states it will redeem all public shares and liquidate after the current deadline of September 23, 2026.
Cayson Acquisition Corp (symbol CAPN) reports that, under a previously approved charter amendment, its board may extend the deadline to complete a business combination on a monthly basis for up to 12 months, to as late as March 23, 2027, subject to monthly cash Contributions.
For each month of this Extension, the company’s insiders must lend an aggregate of US$125,000, to be deposited into the company’s Trust Account, which increases the per-share redemption price upon a business combination or liquidation. On August 26, 2026, the insiders deposited the Contribution for the sixth month of the Extension.
Cayson Acquisition Corp, a Cayman Islands SPAC, reported unaudited results for the quarter and six months ended June 30, 2026. Net income was $137,610 for the quarter and $390,010 year-to-date, driven by $880,294 of interest on trust investments, partially offset by $491,599 of formation and operating costs. Cash and investments in the trust account totaled $38,331,573, down from $64,487,925 at December 31, 2025, after redemptions and extension-related deposits. As of August 7, 2026, 5,288,092 ordinary shares were outstanding.
During a March 2026 shareholder meeting, holders of 2,541,908 public shares redeemed at approximately $10.83 per share, removing about $27,536,646 from the trust and leaving 3,458,092 public shares subject to redemption. Mango Financial has loaned the company extension funds under non-interest-bearing promissory notes totaling $1,400,000 outstanding, enabling monthly extensions of the business-combination deadline in $125,000 increments, currently to August 23, 2026.
Management continues to pursue a proposed merger under the amended Merger Agreement with Mango Financial Group Limited and related entities, which would make Cayson a wholly owned subsidiary of Mango Group. However, with only $54,485 of cash outside the trust, a working capital deficit of $1,719,032, and a limited combination period, management disclosed substantial doubt about the ability to continue as a going concern. The company also reported material weaknesses in internal control, including lack of segregation of duties and insufficient written policies.