m_and_a
confidence high
sentiment neutral
materiality 0.90
Cayson SPAC to merge with Mango Financial; Mango valued at $300M pre-money
Cayson Acquisition Corp
- SPAC shareholders to receive one Company Class A share per SPAC share; Mango holders get 30M shares at $300M equity value.
- Up to 4M earnout shares contingent on net income targets for FY2025-2026; 4M indemnification shares escrowed for 2 years.
- PIPE financing of at least $5M required; closing conditions include SPAC vote, HKSFC approval, Nasdaq listing.
- Mango Financial (founded 1970) holds Hong Kong SFC Type 1,4,6,9 licenses; advised over 160 public listings.
- Mango shareholders subject to 6-month lock-up; early release if VWAP ≥ $12 for 20 days after 90 days.
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