- Business
- Cayson Acquisition Corp Cayson Acquisition Corp is a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. The company focuses initially on target businesses in Asia across financial services, technology, biotech and pharma, advanced materials, and clean energy; it completed a $60 million initial public offering in September 2024, with units trading on Nasdaq under the ticker CAPNU, underwritten by EarlyBirdCapital, Inc. as book-running manager and Revere Securities as co-manager. Headquartered in New York, Cayson Acquisition Corp was formed in May 2024 and operates without current significant operations prior to identifying a target. In July 2025, the company entered into a definitive merger agreement with Mango Financial Limited, a fully licensed boutique investment bank in Hong Kong, under which Cayson will become a wholly owned subsidiary of Mango Financial Group Limited, with the combined entity's securities expected to list on Nasdaq; the deal, initially valuing the equity at $300 million with a planned $5 million PIPE, was amended in September 2025 to reduce the merger consideration to $140 million while increasing earnout shares from 4 million to 20 million, subject to shareholder approval, Hong Kong Securities and Futures Commission clearance, and other closing conditions anticipated in the second half of 2025.