Corporate ActionMay 13, 2026, 05:07 PM
MYX Completes $100M Initial Public Offering and Private Placement
AI Summary
Maywood Acquisition Corp. 2 (MYX) successfully completed its Initial Public Offering on April 15, 2026, raising $100,000,000 for its Trust Account. Concurrently, the company closed a private placement generating $1,400,000 in gross proceeds. For the three months ended March 31, 2026, the blank check company reported a net loss of $(4,586) and had $852 in cash and cash equivalents, with all activities related to its formation and the IPO.
Key Highlights
- Completed Initial Public Offering on April 15, 2026, raising $100,000,000 for the Trust Account.
- Concurrently closed a private placement of 140,000 units for $1,400,000 gross proceeds.
- Reported a net loss of $(4,586) for the three months ended March 31, 2026.
- Cash and cash equivalents decreased to $852 as of March 31, 2026, from $9,388 at December 31, 2025.
- Total liabilities increased to $165,572 from $120,646 as of December 31, 2025.
- Promissory note from related party increased to $139,000 from $89,000.
- Deferred offering costs rose to $168,141 from $119,265.
- Management confirmed sufficient liquidity for at least one year post-IPO.