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Corporate ActionMay 22, 2026, 07:07 AM

Cayson Acquisition Corp Insiders Deposit $125K for 3rd Extension Month

AI Summary

Cayson Acquisition Corp's insiders deposited the third monthly contribution of $125,000 on May 21, 2026, for the extension of the business combination deadline. This extension, approved on March 18, 2026, allows the company to extend the date to consummate a business combination on a monthly basis, up to twelve months (until March 23, 2027). Each contribution is deposited into the Trust Account, increasing the per-share redemption price.

Key Highlights

  • Extension for business combination approved on March 18, 2026.
  • Allows monthly extensions up to 12 months, until March 23, 2027.
  • Insiders contribute $125,000 for each month utilized.
  • Contributions increase the per-share redemption price.
  • Third monthly contribution deposited on May 21, 2026.