STOCK TITAN

Cayson signs deal for up to $18M financing introductions

Each month used under CAPN's extension requires a $60,000 insider contribution to the trust account, which increases the per-share redemption price.

(Moderate)

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Form Type
8-K

Rhea-AI Filing Summary

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.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Working capital loans Up to $1,000,000 Before consummation of an initial business combination
Potential financing introductions Up to $18,000,000 To be consummated simultaneously with an initial business combination
Loan commitment fee 10% For each loan committed to CAPN
Maximum loan fee $100,000 For loans made to CAPN
Expense reimbursement 5% Of aggregate loan amounts actually funded
Maximum expense reimbursement $50,000 Under the agreement
Monthly extension contribution $60,000 Aggregate insider contribution for each month used
Extension period Up to 12 months Through September 23, 2027
Working Capital Financing Services financial
"assist the Company in obtaining loans"
PIPE Introduction Services financial
"introduce the Company to potential sources of financings"
Trust Account financial
"deposited by the Company into the Trust Account"
A trust account is a special bank or brokerage account where assets are held and managed by a designated person or firm (the trustee) for the benefit of another person or group (the beneficiary). It matters to investors because it separates assets from personal or corporate funds, can protect assets, control how and when money is used, and may affect tax or legal rights—think of it as a locked drawer opened only under agreed rules.
promissory notes financial
"terms of any loans will be set forth in the promissory notes"
A promissory note is a written IOU in which a borrower promises to repay a specific amount to a lender, usually with stated interest and by a set date. Investors care because these notes are a formal debt claim—like holding a scheduled payment stream—so they affect a company’s borrowing costs, cash flow and credit risk; notes can be bought, sold or used as collateral, which influences liquidity and recoveries if things go wrong.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much does CAPN pay Prisma for working capital loan assistance?

CAPN will pay Prisma a fee equal to 10% of each loan committed, up to a maximum of $100,000 for loans made to CAPN. CAPN also agreed to reimburse certain expenses equal to 5% of aggregate loan amounts actually funded, capped at $50,000.

What fee will Prisma receive for introducing CAPN to PIPE financing sources?

CAPN and Prisma will mutually agree on the fee before executing definitive documents for the financing. Prisma's introductions are for potential financing of up to $18,000,000 to be completed simultaneously with an initial business combination.

What are the terms of CAPN's monthly extension contributions?

For each month used under the extension, CAPN's insiders lend an aggregate $60,000 to the company for deposit into the trust account. The extension may run monthly for up to 12 months, through September 23, 2027, unless a business combination closes sooner or the board sets an earlier date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): October 23, 2026

 

CAYSON ACQUISITION CORP
(Exact Name of Registrant as Specified in Charter)

 

Cayman Islands   001-42280   N/A

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

205 W 37th St, New York, New York   10018
(Address of Principal Executive Offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (203) 998-5540

 

N/A
(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425).
   
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12).
   
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)).
   
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Units, each consisting of one ordinary share and one right   CAPNU   The Nasdaq Stock Market LLC
         
Ordinary Shares, par value $0.0001 per share   CAPN   The Nasdaq Stock Market LLC
         
Rights, each entitling the holder to one tenth of one ordinary share upon the completion of the Company’s initial business combination   CAPNR   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Item 1.01. Entry into a Definitive Material Agreement.

 

On October 23, 2026, Cayson Acquisition Corp (the “Company”) entered into a Strategic Cooperation and Services Agreement (the “Agreement”) with Prisma Global Holding Limited (“Prisma”), a Hong Kong-based entity engaged in corporate brand management, overseas listing and cross-border capital markets advisory services, investor relations and business development advisory services. Prisma is led by its Founder and Executive Chairman, Heming Tan (Sam Tan). Pursuant to the Agreement, Prisma has agreed to assist the Company in obtaining loans of up to $1,000,000 for working capital purposes prior to the consummation of an initial business combination (the “Working Capital Financing Services”). The terms of any loans will be set forth in the promissory notes executed in connection with any agreement with a lender. Additionally, Prisma has agreed to introduce the Company to potential sources of financings of up to $18,000,000 to be consummated simultaneously with the consummation of an initial business combination (the “PIPE Introduction Services”). In consideration of the Working Capital Financing Services, the Company will pay Prisma a fee of 10% for each loan committed to the Company, up to a maximum of $100,000 for any loans made to the Company. For the PIPE Introduction Services, the Company will pay a fee to be mutually agreed between the Company and Prisma prior to execution of any definitive documents for the financings. The Company has also agreed to reimburse Prisma for certain expenses in connection with its services under the Agreement in an amount equal to 5% of the aggregate loan amounts actually funded to the Company, up to a maximum of $50,000.

 

The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

This Current Report on Form 8-K shall not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company, nor shall there be any sale of any securities of the Company in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

 

Item 8.01. Other Events.

 

As previously reported, on September 23, 2026, the Company held an extraordinary general meeting (the “Meeting”) to approve, among other matters, a proposal to amend the Company’s amended and restated memorandum and articles of association as adopted by special resolution dated September 19, 2024 with effect from September 23, 2024 and amended on March 18, 2026 (the “Existing Memorandum and Articles”) to allow the Company’s Board to extend the date (the “Extension”) by which the Company had to consummate a business combination (as defined in the Existing Memorandum and Articles) on a monthly basis, up to twelve (12) months (or until September 23, 2027) (the “Extended Date”), unless the closing of a business combination shall have occurred prior thereto or such earlier date as shall be determined by the Board in its sole discretion, provided that the Company’s sponsors, officers, directors, affiliates or designees (collectively, the “Insiders”) lend to the Company (each a “Contribution”) an aggregate of US$60,000 for each month utilized to consummate an initial business combination, which Contributions shall be deposited by the Company into the Trust Account (as defined in the Existing Memorandum and Articles) and thereby increase the per-share redemption price paid in connection with the ultimate consummation of a business combination or the Company’s liquidation. On October 26, 2026, the Insiders deposited the Contribution for the second month of the Extension.

 

The Company is continuing to seek to attempt to consummate an initial business combination.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit   Description
10.1   Strategic Cooperation and Services Agreement
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

Cautionary Note Regarding Forward Looking Statements

 

Neither the Company nor any of its affiliates makes any representation or warranty as to the accuracy or completeness of the information contained in this Current Report on Form 8-K. This Current Report on Form 8-K is not intended to be all-inclusive and is not intended to form the basis of any investment decision or any other decision in respect of the Company or its proposed business combination.

 

This Current Report on Form 8-K include “forward-looking statements” made pursuant to the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. These forward-looking statements generally are identified by the words or phrases such as “aspire,” “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “will be,” “will continue,” “will likely result,” “could,” “should,” “believe(s),” “predicts,” “potential,” “continue,” “future,” “opportunity,” seek,” “intend,” “strategy,” or the negative version of those words or phrases or similar expressions are intended to identify such forward-looking statements.

 

The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: October 27, 2026 CAYSON ACQUISITION CORP
   
  By: /s/ Yawei Cao
    Yawei Cao
    Chief Executive Officer

 

 

 

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