Maywood Acquisition Corp. Announces Pricing of $75,000,000 Initial Public Offering
Maywood Acquisition Corp has announced the pricing of its initial public offering (IPO) of 7,500,000 units at $10.00 per unit, totaling $75 million. The units will begin trading on the Nasdaq Global Market on February 13, 2025, under the symbol 'MAYAU'. Each unit comprises one Class A ordinary share and one right to receive one-fifth of a Class A ordinary share upon completing a business combination.
The company, formed as a blank check company in the Cayman Islands, aims to merge, acquire, or combine with existing businesses. The securities will later trade separately under 'MAYA' (shares) and 'MAYAR' (rights). Cohen & Company Capital Markets leads the offering, with Seaport Global Securities as joint-book-runner. Underwriters have a 45-day option to purchase up to 1,125,000 additional units to cover over-allotments.
Maywood Acquisition Corp ha annunciato il prezzo della sua offerta pubblica iniziale (IPO) di 7.500.000 unità a $10,00 per unità, per un totale di 75 milioni di dollari. Le unità inizieranno a essere scambiate sul Nasdaq Global Market il 13 febbraio 2025, con il simbolo 'MAYAU'. Ogni unità comprende una azione ordinaria di Classe A e un diritto a ricevere un quinto di un'azione ordinaria di Classe A al completamento di una combinazione aziendale.
La società, costituita come una blank check company nelle Isole Cayman, mira a fondersi, acquisire o combinarsi con aziende esistenti. I titoli saranno successivamente scambiati separatamente sotto 'MAYA' (azioni) e 'MAYAR' (diritti). Cohen & Company Capital Markets guida l'offerta, con Seaport Global Securities come co-responsabile. Gli underwriters hanno un'opzione di 45 giorni per acquistare fino a 1.125.000 unità aggiuntive per coprire eventuali sovrallocazioni.
Maywood Acquisition Corp ha anunciado el precio de su oferta pública inicial (IPO) de 7,500,000 unidades a $10.00 por unidad, totalizando 75 millones de dólares. Las unidades comenzarán a cotizar en el Nasdaq Global Market el 13 de febrero de 2025, bajo el símbolo 'MAYAU'. Cada unidad consta de una acción ordinaria de Clase A y un derecho a recibir una quinta parte de una acción ordinaria de Clase A al completar una combinación empresarial.
La empresa, formada como una blank check company en las Islas Caimán, tiene como objetivo fusionarse, adquirir o combinarse con negocios existentes. Los valores se intercambiarán por separado bajo 'MAYA' (acciones) y 'MAYAR' (derechos). Cohen & Company Capital Markets lidera la oferta, con Seaport Global Securities como co-líder. Los suscriptores tienen una opción de 45 días para comprar hasta 1,125,000 unidades adicionales para cubrir sobreasignaciones.
Maywood Acquisition Corp는 7,500,000 단위의 초기 공개 모집(IPO)을 단위당 $10.00에 가격을 발표하며, 총 7500만 달러에 달합니다. 이 단위는 2025년 2월 13일에 Nasdaq Global Market에서 'MAYAU'라는 기호로 거래를 시작합니다. 각 단위는 1개의 A 클래스 보통주와 사업 결합 완료 시 1/5의 A 클래스 보통주를 받을 권리를 포함합니다.
이 회사는 케이맨 제도에서 블랭크 체크 회사로 설립되었으며, 기존 기업과 합병, 인수 또는 결합할 계획입니다. 증권은 나중에 'MAYA' (주식)와 'MAYAR' (권리)로 별도로 거래됩니다. Cohen & Company Capital Markets가 이 모집을 주도하며, Seaport Global Securities가 공동 주관사로 참여합니다. 인수자들은 초과할당을 충당하기 위해 45일 동안 최대 1,125,000개의 추가 단위를 구매할 수 있는 옵션을 가지고 있습니다.
Maywood Acquisition Corp a annoncé le prix de son introduction en bourse (IPO) de 7.500.000 unités à 10,00 $ par unité, totalisant 75 millions de dollars. Les unités commenceront à être négociées sur le Nasdaq Global Market le 13 février 2025, sous le symbole 'MAYAU'. Chaque unité comprend une action ordinaire de Classe A et un droit de recevoir un cinquième d'une action ordinaire de Classe A lors de l'achèvement d'une combinaison d'affaires.
La société, constituée en tant que blank check company dans les îles Caïmans, vise à fusionner, acquérir ou se combiner avec des entreprises existantes. Les titres seront ensuite négociés séparément sous 'MAYA' (actions) et 'MAYAR' (droits). Cohen & Company Capital Markets dirige l'offre, avec Seaport Global Securities en tant que co-responsable. Les souscripteurs disposent d'une option de 45 jours pour acheter jusqu'à 1.125.000 unités supplémentaires pour couvrir les surallocations.
Maywood Acquisition Corp hat den Preis für ihr öffentliches Angebot (IPO) von 7.500.000 Einheiten zu 10,00 $ pro Einheit bekannt gegeben, was insgesamt 75 Millionen Dollar ergibt. Die Einheiten werden ab dem Nasdaq Global Market am 13. Februar 2025 unter dem Symbol 'MAYAU' gehandelt. Jede Einheit besteht aus einer Stammaktie der Klasse A und einem Recht auf den Erhalt eines Fünftels einer Stammaktie der Klasse A nach Abschluss einer Geschäftskombination.
Das Unternehmen, das als Blank-Check-Gesellschaft auf den Cayman Islands gegründet wurde, hat das Ziel, sich mit bestehenden Unternehmen zusammenzuschließen, zu erwerben oder zu kombinieren. Die Wertpapiere werden später separat unter 'MAYA' (Aktien) und 'MAYAR' (Rechte) gehandelt. Cohen & Company Capital Markets leitet das Angebot, während Seaport Global Securities als Co-Book-Runner fungiert. Die Underwriter haben eine 45-tägige Option, bis zu 1.125.000 zusätzliche Einheiten zu erwerben, um Überzeichnungen abzudecken.
- Successfully raised $75 million through IPO
- Secured listing on Nasdaq Global Market
- Additional potential capital of $11.25 million through over-allotment option
- No specific business target identified yet
- Blank check structure carries inherent investment risks
- Potential shareholder dilution through rights conversion
Insights
This
The offering's size positions it in the small-to-mid-tier SPAC category, which historically has shown better alignment with quality target acquisitions in the
The Nasdaq Global Market listing offers enhanced liquidity and visibility compared to alternative exchanges, though investors should note that SPAC units will initially trade under 'MAYAU' before separating into shares (MAYA) and rights (MAYAR). This separation typically occurs 52 days after the IPO, creating potential trading opportunities for arbitrage-focused investors.
While the SPAC's leadership under Zikang Wu hasn't specified a target sector, this blank-check structure maintains maximum flexibility for acquisition opportunities. The Cayman Islands incorporation suggests possible interest in cross-border transactions, particularly in Asian markets, though this remains speculative until target identification.
NEW YORK, NY / ACCESS Newswire / February 12, 2025 / Maywood Acquisition Corp. (the "Company") announced today that it priced its initial public offering of 7,500,000 units at
The Company is a Cayman exempt company, formed as a blank check company for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The Company is led by its Chairman of the Board and Chief Executive Officer, Zikang Wu.
Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC, is acting as the lead book-running manager for the offering and Seaport Global Securities is acting as joint-book-runner for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 1,125,000 units at the initial public offering price to cover over-allotments, if any. The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained, when available, from Cohen & Company Capital Markets, 3 Columbus Circle, 24th Floor, New York, NY 10019, Attention: Prospectus Department, or by email at: capitalmarkets@cohencm.com.
A registration statement relating to these securities was filed with the Securities and Exchange Commission (the "SEC") and was declared effective on February 12, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute "forward-looking statements," including with respect to the anticipated use of net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and preliminary prospectus for the offering filed with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contact:
Investor Relations
ir@maywoodacq.com
SOURCE: Maywood Acquisition Corp.
View the original press release on ACCESS Newswire
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