Zikang Wu
About Zikang Wu
Zikang Wu is Chief Financial Officer and a director of Maywood Acquisition Corp. (MAYA). Following the sponsor transfer and board/officer changes effective September 11, 2025, he remained in the CFO role while the CEO/Chairman roles transitioned to Michael Blitzer; immediately prior to closing, Wu had simultaneously served as Chairman, Chief Executive Officer, and Chief Financial Officer . MAYA is a special purpose acquisition company (SPAC) that completed its IPO on February 14, 2025 and later signed a Business Combination Agreement with GOWell Technology Limited on October 13, 2025; as a pre-combination SPAC focused on effecting an initial business combination, traditional operating performance metrics (TSR, revenue growth, EBITDA growth) are not disclosed in the available filings .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Maywood Acquisition Corp. | Chairman & Chief Executive Officer | Until Sep 11, 2025 | Led the company through sponsor transition; signed the SPAC’s indemnification agreement with Inflection Point Fund I LP on Sep 9, 2025 in his capacity as CEO . |
| Maywood Acquisition Corp. | Chief Financial Officer & Director | 2025–present | Maintained CFO continuity through officer and board changes effective Sep 11, 2025; other officers and directors were replaced by new appointees . |
External Roles
No external directorships or professional roles for Wu are disclosed in the DEF 14A or the September 12, 2025 Form 8‑K .
Fixed Compensation
- No base salary, target bonus, or cash compensation details for Wu are disclosed in the DEF 14A or the September 12, 2025 Form 8‑K .
- The Administrative Services Agreement between MAYA and Maywood Sponsor LLC was terminated on September 9, 2025, with all outstanding fees forgiven as of the closing; this agreement pertained to sponsor-provided services and not disclosed executive salary arrangements .
- The amended and restated insider letter limits compensation to new insiders prior to a Business Combination (no finder’s fees, consulting fees, reimbursements, or loan repayments), though it carves out payments previously disclosed; no specific compensation arrangements for Wu are provided in the available filings .
Performance Compensation
No stock awards, option grants, performance share units (PSUs), or pay-for-performance metrics tied to Wu are disclosed in the DEF 14A or the September 12, 2025 Form 8‑K .
Equity Ownership & Alignment
| Ownership Metric | As of Oct 20, 2025 | Notes |
|---|---|---|
| Class A Ordinary Shares Beneficially Owned | 0 | DEF 14A beneficial ownership table lists Wu with no Class A shares . |
| Class B (Founder) Shares Beneficially Owned | 0 | DEF 14A beneficial ownership table lists Wu with no Class B shares . |
| Approximate % of Outstanding Ordinary Shares | 0.0% | DEF 14A table shows 0% ownership for Wu . |
- Lock‑up and vesting constraints for insiders (as applicable): Founder shares/Class A from conversion are restricted until the earlier of one year post‑Business Combination or an early release if, subsequent to the Business Combination, the stock trades at or above $12.00 for any 20 trading days within any consecutive 30‑day period commencing at least 150 days after the Business Combination; private placement units are restricted for 30 days post‑Business Combination. Wu signed the amended and restated insider letter agreement establishing these restrictions for insiders, though he personally reports no share ownership as of the Record Date .
- Pledging/hedging: No pledging or hedging by Wu is disclosed in the available filings .
Employment Terms
- Officer/Director transitions: Effective September 11, 2025, Wu retained the CFO role and remained on the board; new officers (CEO/COO) and independent directors (Denkin, Tannenbaum) were appointed by the Class B holder vote per the Articles .
- D&O indemnification: In connection with the new appointments, MAYA entered into a new form of D&O indemnification agreement with each new officer and director (form terms include advancement within 10 days, Delaware law and Chancery Court jurisdiction, arbitration option, contribution if indemnification is unavailable, and an explicit waiver of claims to the SPAC trust account); while the filing specifically references the new appointees, the company maintains D&O insurance and indemnification frameworks for directors/officers generally .
- Trust account protections: Insiders and sponsor affiliates agreed to waive any claims against the SPAC trust account, preserving redemption value for public shareholders until the Business Combination or liquidation .
- Change‑of‑control: The D&O indemnification form defines “Change in Control” for governance purposes but does not disclose any severance or transaction‑related cash benefits for Wu .
Board Governance
- Board composition post‑transition: Michael Blitzer (Chairman/CEO), Kevin Shannon (COO), William Denkin (Independent, Audit Committee), Steven Tannenbaum (Independent, Audit Committee), with Wu remaining as director/CFO .
- Pre‑business combination governance: Only Class B holders may vote on director election prior to consummation of the Business Combination per the Articles .
Risk Indicators & Red Flags
- Insiders’ representations: Insiders (including signatories to the A&R letter) represent they are not subject to injunctions or criminal convictions related to securities or fraud and have not been suspended/expelled from securities exchanges; these are representations in the insider agreement rather than separate background checks .
- Related‑party agreements: Sponsor voting covenants and lock‑ups, indemnification arrangements for sponsor affiliates, and trust‑account waivers are disclosed; no related‑party transactions indicating cash payments to Wu are disclosed in the available filings .
Compensation Peer Group and Say‑on‑Pay
No compensation benchmarking peer group or say‑on‑pay results are disclosed in the DEF 14A, which is limited to the name change, articles amendments, and meeting logistics .
Expertise & Qualifications
No education, technical expertise, or prior employer biography for Wu is provided in the DEF 14A or the September 12, 2025 Form 8‑K, which include bios for newly appointed officers and independent directors only .
Work History & Career Trajectory
Beyond his roles at MAYA (Chairman/CEO/CFO before the transition and CFO/director after), no additional work history is disclosed in the available filings .
Compensation Committee Analysis
The Articles provide for a Compensation Committee, but current membership and actions are not disclosed in the DEF 14A/8‑K; the filing names Audit Committee members (Denkin and Tannenbaum) but not Compensation Committee composition .
Investment Implications
- Alignment: Wu reports no personal share ownership as of the Record Date (0%); near‑term insider selling pressure tied to founder holdings is mitigated by lock‑up provisions binding insiders and sponsors, and by trust‑account protections until Business Combination or liquidation .
- Retention and governance continuity: CFO/board continuity through the sponsor transition and robust D&O indemnification/D&O insurance frameworks reduce retention risk during the de‑SPAC process, though no severance or performance‑linked pay details are disclosed to assess pay‑for‑performance alignment .
- Transparency: Absence of disclosed salary/bonus/equity awards for Wu limits assessment of incentive design; governance remains sponsor‑controlled for director elections prior to the Business Combination, which concentrates influence over board composition until closing .