---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-013142"
form_type: "8-K"
ticker: "CAPN"
cik: "0002024203"
company_name: "Cayson Acquisition Corp"
filed_at: "2025-09-12T23:59:59+00:00"
generated_at: "2026-05-17T06:47:25.305321+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Cayson Acquisition Corp amends merger: consideration cut to $140M, earnout shares to 20M

## Summary
- Merger consideration reduced from $300M to $140M per Amendment dated September 11, 2025.
- Earnout shares increased from 4M to 20M, conditional on net income targets ($2.3M FY2025 or $3.7M FY2026) and stock price hurdles ($12/$15 VWAP).
- Earnout shares held in escrow; if pending lawsuits require payment, all earnout shares are cancelled.
- Transaction involves Cayson (SPAC) acquiring Mango Financial Group; target is not publicly traded.

## SEC filing metadata
- accession: 0001493152-25-013142
- form_type: 8-K
- ticker: CAPN
- cik: 0002024203
- company_name: Cayson Acquisition Corp
- filed_at: 2025-09-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2024203/000149315225013142/0001493152-25-013142-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2024203/000149315225013142/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-013142
- JSON: https://secwatch.observer/filing/0001493152-25-013142.json
- Plain text: https://secwatch.observer/filing/0001493152-25-013142.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.