Cayson Acquisition Corp Announces Entering into a Merger Agreement with Mango Financial Limited
Cayson Acquisition Corp (NASDAQ: CAPN) has entered into a definitive merger agreement with Mango Financial Limited, a Hong Kong-based boutique investment bank. Upon closing, Cayson will become a wholly-owned subsidiary of Mango Financial Group Limited, with the combined company's securities expected to list on Nasdaq.The transaction structure involves 30 million Mango Group ordinary shares valued at $10.00 per share, representing $300 million in equity. Existing Mango shareholders could receive up to 4 million additional shares based on 2025-2026 performance targets. Post-merger, assuming no redemptions, Cayson's public shareholders will own 6.6 million shares, while initial shareholders will hold 1.85 million shares.Founded in 1970, Mango holds comprehensive Hong Kong SFC licenses and has advised on over 160 public listings worldwide. The merger is expected to complete in H2 2025, subject to regulatory and shareholder approvals.
