Research analysts covering Cayson Acquisition.
Recent press releases and 8-K filings for CAPN.
Cayson Acquisition Corp Amends Merger Agreement, Reduces Consideration and Increases Earnout Shares
CAPN
M&A
Legal Proceedings
- Cayson Acquisition Corp (CAPN) and Mango Financial Group Limited entered into an amendment to their Merger Agreement on September 11, 2025, which was originally dated July 11, 2025.
- Pursuant to the amendment, the aggregate Merger Consideration has been reduced from $300 million to $140 million.
- The number of Earnout Shares has been increased from 4 million shares to 20 million shares.
- The release of Earnout Shares is contingent upon achieving specific net income targets of US$2,300,000 for FY 2025 and US$3,700,000 for FY 2026, along with daily VWAP targets of US$12.00 and US$15.00 respectively, and is also subject to the final resolution of pending lawsuits.
Sep 12, 2025, 1:25 PM
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