Maywood Acquisition Corp. Right
MAYAR
NASDAQ Global Select0.91
USD
+0.00
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Maywood Acquisition Corp. Right
MAYAR
(NASDAQ Global Select)
Recent
price
0.91
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Maywood Acquisition Corp. Right (NASDAQ:MAYAR) trades as the right component of units issued by Maywood Acquisition Corp., a blank check company, or special purpose acquisition company (SPAC), incorporated in the Cayman Islands and headquartered in Albany, NY; the company, founded on May 31, 2024, has no significant current operations and focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, with target sectors including technology, healthcare, sustainable industries, and high-growth opportunities demonstrating robust market trends and disruption potential. Each right, separable from the units, entitles holders to receive one-fifth of one Class A ordinary share upon consummation of an initial business combination, with whole rights trading separately on the Nasdaq Global Market under the MAYAR symbol following the February 2025 separation announcement. In a major recent development, Maywood Acquisition Corp. entered into a US$401.4 million business combination agreement in October 2025 with GOWell Technology Limited, a global innovator in well logging technologies providing solutions for well integrity, environmental risk management, and production optimization in traditional energy and energy transition markets; the transaction, valuing GOWell at a pro forma enterprise value of US$401.4 million, aims to create a publicly traded entity upon closing, subject to customary conditions. The SPAC completed its initial public offering on February 14, 2025, raising $86.25 million through 8,625,000 units at $10.00 each, including the full exercise of underwriters' over-allotment option, with units comprising one Class A ordinary share (trading as MAYA) and one right (MAYAR); this structure, opting for rights rather than warrants, seeks to minimize future dilution. Maywood operates globally in its pursuit of targets, leveraging a management team led by CEO and Chairman Zikang Wu with expertise in finance, mergers and acquisitions, and operations; the firm maintains a disciplined due diligence process and emphasizes partnerships with management teams offering proven track records and scalable models poised for market leadership.