- Maywood Acquisition Corp. (SPAC) is entering into a business combination with **GOWell Technology Limited**, with the combined public company to be named **"GOWell Energy Technology"** and listed on Nasdaq.  **[2028355_0001213900-25-098424_ea026103601ex99-1_maywood.htm:1]** 
- The proposed business combination implies a pro-forma combined enterprise value of **$401.4 million**, excluding additional earnout consideration.  **[2028355_0001213900-25-098424_ea026103601ex99-1_maywood.htm:1]** 
- Inflection Point Asset Management will lead a Convertible Preferred Share Private Investment in Public Equity (PIPE) of **$70 million**, with **$20 million** funded upon signing.  **[2028355_0001213900-25-098424_ea026103601ex99-1_maywood.htm:1]**  Upon completion, PIPE investors are expected to own approximately **14.8%** and GOWell's existing equity holders approximately **64.7%** of the post-combination company.  **[2028355_0001213900-25-098424_ea026103601ex99-1_maywood.htm:1]** 
- The transaction is expected to be completed in **early 2026**.  **[2028355_0001213900-25-098424_ea026103601ex99-1_maywood.htm:1]** 
- GOWell Technology Limited reported **$49 million** in Revenue and **$21 million** in Adjusted EBITDA for **2024A**, with an Adjusted EBITDA Margin of **42.7%**.  **[2028355_0001213900-25-098424_ea026103601ex99-2_maywood.htm:4]**

Maywood Acquisition Corp. Announces Business Combination with GOWell Technology Limited

- Maywood Acquisition Corp. (MAYA) completed a **Securities Transfer Agreement** on **September 9, 2025**, where Maywood Sponsor LLC transferred **990,000 Class B ordinary shares** and a **$500,000 promissory note** to Inflection Point Fund I LP for **$1,800,000**, making Inflection Point responsible for the SPAC's management.  **[2028355_0001213900-25-087044_ea025694601ex10-1_maywood.htm:0]** **[2028355_0001213900-25-087044_ea0256946-8k_maywood.htm:8]** 
- Concurrently, the **Administrative Services Agreement** with Maywood Sponsor LLC was **terminated** on **September 9, 2025**, with all outstanding fees forgiven.  **[2028355_0001213900-25-087044_ea025694601ex10-2_maywood.htm:0]** **[2028355_0001213900-25-087044_ea0256946-8k_maywood.htm:2]** 
- Effective **September 11, 2025**, **Michael Blitzer** was appointed Chairman and CEO, **Kevin Shannon** as COO, and **William Denkin** and **Steven Tannenbaum** as independent directors, replacing most of the prior management and board.  **[2028355_0001213900-25-087044_ea0256946-8k_maywood.htm:4]** 
- New **Indemnification Agreements** were executed with Inflection Point Fund I LP and the newly appointed officers and directors.  **[2028355_0001213900-25-087044_ea025694601ex10-1_maywood.htm:0]** **[2028355_0001213900-25-087044_ea025694601ex10-3_maywood.htm:0]** **[2028355_0001213900-25-087044_ea0256946-8k_maywood.htm:1]** **[2028355_0001213900-25-087044_ea0256946-8k_maywood.htm:6]**

Maywood Acquisition (MAYA)