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On July 14, 2025, Eastern Time, Cayson Acquisition Corp. (Stock Code: CAPN), a SPAC listed on Nasdaq, disclosed an announcement of its proposed merger with Mango Financial Limited. The two parties have reached a definitive agreement valuing Mango Financial at a total enterprise value of $340 million (including $40 million in earn-out value tied to performance over the next two years), along with other formal terms related to the merger. According to the transaction structure designed in the merger agreement, upon completion, Cayson will become a wholly-owned subsidiary of Mango Financial Group Limited ("Mango Group"), which will become the parent company of Mango Financial. The combined company's shares will be listed on Nasdaq.
SPACs (Special Purpose Acquisition Companies), as an important innovative tool in the global capital markets in recent years, have become the preferred path for companies to quickly list in the U.S. stock market due to their efficiency and flexibility. The SPAC partner chosen by Mango Financial has extensive experience in cross-border mergers and acquisitions, and its sponsor team has led multiple listing cases for Asian companies in the U.S. Upon completion of the transaction, Mango Financial will receive the funds held in the SPAC's trust account and additional financing support, further strengthening its capital base. Simultaneously, leveraging the liquidity of the U.S. stock market and international investor resources, it will advance its global business layout. Needless to say, this move will significantly enhance Mango Financial's competitiveness in areas such as assisting companies with U.S. listings, cross-border M&A advisory, and ESG investment products, and will further solidify its position as a link between the Greater China region and global capital. As a veteran brokerage founded in 1970 in Hong Kong and once a founding member of the Far East Exchange, a predecessor of the Stock Exchange of Hong Kong, Mango Financial will leverage its five decades of experience, having served 160 companies in their overseas IPOs, to better provide a strategic foothold for the "dual circulation" strategy in the capital deployment of global enterprises.
The signing of this SPAC merger agreement marks a significant milestone in Mango Financial's half-century development history. The unique advantages of Hong Kong as an international financial center, coupled with Mango Financial's full suite of licenses, will create powerful resonance and synergistic effects with the resources of the U.S. capital market. Needless to say, Mango Financial's overseas business will advance with accelerated efficiency, positioning it as a vital bridge connecting Eastern and Western capital. According to the SPAC party at the time of signing the merger agreement: "The scarcity of Mango Financial's licenses, its cross-border service capabilities, and its profound积淀 in the Greater China region perfectly complement our global resources. This merger will create a truly international investment bank with cross-market service capabilities." Listing on the U.S. capital market via a SPAC merger marks a new phase of global development for the 55-year-old Mango Financial.
(Special Note: This press release does not constitute investment advice. Specific transaction terms are subject to the final agreements of the relevant parties.) |
