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 (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.
Cayson Acquisition Corp, a special purpose acquisition company, describes an extension arrangement approved at an extraordinary general meeting on March 18, 2026. The Board may extend the deadline to complete a business combination monthly, for up to twelve (12) months, allowing a possible deadline as late as March 23, 2027.
Each month of the extension requires the company’s sponsors, officers, directors, affiliates or designees to lend an aggregate of US$125,000 to Cayson Acquisition Corp, with each Contribution deposited into the Trust Account to increase the per-share redemption price upon a future business combination or liquidation. On July 22, 2026, the Insiders deposited the Contribution for the fifth month of the Extension. The company also includes cautionary language regarding forward-looking statements and clarifies that this communication does not constitute an offer to sell or solicit an offer to buy securities.
Cayson Acquisition Corp has amended its merger agreement with Mango Financial Group Limited and related parties. The amendment, signed on June 24, 2026, extends the date by which either party may terminate the merger agreement if the Closing has occurred to March 23, 2027.
The filing reiterates that the merger will be submitted to Cayson shareholders through a proxy statement and prospectus included in a registration statement on Form F-4. It also highlights that detailed terms of the amendment are set out in Exhibit 2.1 and emphasizes standard forward‑looking statement and risk disclosures around completion of the business combination.
Cayson Acquisition Corp reports that its insiders have deposited a US$125,000 contribution for the fourth month of its previously approved deadline extension to complete a business combination. Under this arrangement, the board may extend the deadline monthly for up to twelve months, through March 23, 2027, if insiders lend US$125,000 each month.
Each monthly contribution is deposited into the company’s trust account and is intended to increase the per-share redemption price paid when a business combination is completed or if the company is liquidated. The filing also includes standard forward-looking statement and no-offer-of-securities disclaimers.
Cayson Acquisition Corp reports that its insiders have funded the third monthly extension of the company’s deadline to complete a business combination. Under a previously approved amendment, the board may extend this deadline monthly for up to twelve months, through March 23, 2027, if insiders lend US$125,000 for each month. The company states that each contribution is deposited into its Trust Account and is intended to increase the per-share redemption price if a business combination or liquidation occurs.