Cayson Acquisition Corp

Cayson Acquisition Corp reported a significant decrease in net income for the six months ended June 30, 2026, to $390,010 from $788,235 in the prior year. The company's cash and investments in its trust account fell to $38.33 million from $64.49 million, largely due to redemptions totaling $27.54 million. Management expressed substantial doubt about the company's ability to continue as a going concern, citing a working capital deficit of $1.72 million and uncertainty regarding the completion of its proposed merger with Mango Financial Group Limited, for which the deadline has been extended to August 23, 2026.

Cayson Acquisition Corp's insiders made their fifth monthly contribution of US$125,000 on July 22, 2026, to extend the deadline for consummating a business combination. This contribution, deposited into the Trust Account, increases the per-share redemption price and allows the company to continue seeking a merger target. The extension was initially approved on March 18, 2026, allowing for up to 12 monthly extensions until March 23, 2027.

Cayson Acquisition Corp. announced an amendment to its Merger Agreement with Mango Financial Group Limited, North Water Investment Group Holdings Limited, and Mango Temp Limited. This third amendment, dated June 24, 2026, extends the deadline for either party to terminate the agreement if the closing has not occurred. The new termination date, or 'Outside Date,' is now March 23, 2027, pushing back the potential completion of the business combination.

Cayson Acquisition Corp's insiders deposited US$125,000 for the fourth month of the company's extension to complete a business combination. This extension allows the company to extend the deadline monthly, up to twelve months or until March 23, 2027, with each monthly contribution of US$125,000 increasing the per-share redemption price.

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.

Cayson Acquisition Corp reported a net income of $252,400 for the three months ended March 31, 2026, a decrease from $404,677 in the prior year. The company experienced significant redemptions of 2,541,908 ordinary shares totaling $27,536,647, leading to a substantial decrease in assets held in the trust account. With a working capital deficit of $1,351,907, management has raised substantial doubt about the company's ability to continue as a going concern. The company continues to pursue a merger with Mango Financial Group Limited and has secured extensions for the business combination deadline.

Cayson Acquisition Corp (CAPN) received a notice from Nasdaq on April 27, 2026, indicating non-compliance with Listing Rule 5450(a)(2), which requires a minimum of 400 total holders of its ordinary shares for continued listing. The company is required to submit a plan to regain compliance by June 11, 2026. If Nasdaq accepts the plan, CAPN may receive an extension of up to 180 calendar days. The company intends to submit a plan to maintain its Nasdaq listing.

Cayson Acquisition Corp's Insiders have deposited $125,000 into the Trust Account for the second month of the company's business combination extension. This follows the approval on March 18, 2026, to allow monthly extensions up to March 23, 2027, with a $125,000 contribution for each month utilized. The contribution increases the per-share redemption price for shareholders.