Cayson Acquisition Corp
Business
Cayson Acquisition Corp is a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It offers Units comprising ordinary shares and rights through public and private offerings, maintains a trust account for IPO proceeds, and provides redemption rights to public shareholders in connection with a proposed business combination. Its key operating components include its sponsors and management, trust account and financing arrangements, and target identification and diligence activities. The company focuses its target search on businesses in Asia but is not limited to any industry or geography, and it distributes securities via public markets and private placements.
Summary from filing dated 2025-03-26
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 |
|---|---|---|
| Formation and operating costs | 908,002 | |
| Loss from operations | −908,002 | |
| Bank interest income | 9,644 | |
| Interest earned on cash and investments held in Trust Account | 3 | |
| Total other income | 3 | |
| Net Income | 2 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2024 2024-05-31 |
|---|---|---|---|---|
| Cash | 63,670 | 465,254 | — | |
| Prepaid expenses | 88,317 | 129,496 | — | |
| Total Current Assets | 151,987 | 594,750 | — | |
| Prepaid expenses - non-current | — | 66,158 | — | |
| Cash and investments held in trust account | 64 | 61 | — | |
| Total Non-current assets | 64 | 61 | — | |
| Total Assets | 65 | 61 | — | |
| Accrued offering costs | — | 65,000 | — | |
| Accrued expenses | 109,330 | 38,025 | — | |
| Total Current Liabilities | 1 | 103,025 | — | |
| Deferred underwriting commission payable | 2 | 2 | — | |
| Total Liabilities | 3 | 2 | — | |
| Commitments and contingencies | — | — | — | |
| Ordinary shares subject to possible redemption 6,000,000 shares at a redemption value of $10.75 and $10.13 per share as of December 31, 2025 and December 31, 2024, respectively | 64 | 61 | — | |
| Preference shares, $0.0001 par value; 2,000,000 shares authorized; none issued and outstanding | — | — | — | |
| Ordinary shares, $0.0001 par value; 200,000,000 shares authorized; 1,830,000 shares issued and outstanding (excluding 6,000,000 shares subject to redemption) | 183 | 183 | — | |
| Additional paid-in capital | — | — | — | |
| Accumulated deficit | −3 | −2 | — | |
| Total Shareholders Deficit | −3 | −2 | — | |
| Total Liabilities and Shareholders Deficit | 65 | 61 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Interest earned on cash and investments held in Trust Account | −3 | −752,079 | |
| Accrued offering costs | −65,000 | — | |
| Accrued expenses | 454,437 | — | |
| Prepaid expense | 107,337 | — | |
| CASH USED IN OPERATING ACTIVITIES | −401,584 | — | |
| Cash deposited into Trust account | −1 | — | |
| CASH USED IN INVESTING ACTIVITIES | −1 | — | |
| Promissory note | 900,000 | — | |
| Promissory note - related party | 300,000 | — | |
| Proceeds from issuance of EBC Founders Share | — | — | |
| Payment of underwriters discount | — | — | |
| Borrowings from related party | — | — | |
| Repayment of borrowings from related party | — | — | |
| Payment of offering costs | — | — | |
| CASH PROVIDED BY FINANCING ACTIVITIES | 1 | — | |
| NET INCREASE IN CASH | −401,584 | — | |
| Issuance of founder shares in exchange for deferred offering costs | — | — | |
| Fair value of EBC Founder Shares charged to deferred offering costs | — | — | |
| Allocation of offering costs to ordinary shares subject to redemption | — | — | |
| Allocation of offering costs to ordinary shares subject to possible redemption | — | — | |
| Initial classification of ordinary shares subject to redemption to temporary equity | — | — | |
| Accretion of additional paid in capital to accumulated deficit | — | — | |
| Forfeiture of ordinary shares | — | — | |
| Contribution of transaction cost | 383,132 | — | |
| Subsequent measurement of ordinary shares subject to possible redemption | 3 | — | |
| Extension funds attributable to ordinary shares subject to redemption | 1 | — |