MAYA Company Report

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.
The proposed business combination implies a pro-forma combined enterprise value of $401.4 million, excluding additional earnout consideration.
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. 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.
The transaction is expected to be completed in early 2026.
GOWell Technology Limited reported $49 million in Revenue and $21 million in Adjusted EBITDA for 2024A, with an Adjusted EBITDA Margin of 42.7%.

Oct 14, 2025, 1:25 PM

Maywood Acquisition Corp. Announces Management and Ownership Changes

MAYA

CEO Change

Management Change

Board Change

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.
Concurrently, the Administrative Services Agreement with Maywood Sponsor LLC was terminated on September 9, 2025, with all outstanding fees forgiven.
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.
New Indemnification Agreements were executed with Inflection Point Fund I LP and the newly appointed officers and directors.