CAPN on Nasdaq

Cayson Acquisition Corp

Cayson Acquisition Corp is a blank check company in the Cayman Islands.1 It is headquartered in New York, New York.1 Its shares trade on Nasdaq under the symbol CAPN.1

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Last updated Oct 20, 2026.

Overview

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  • TickerCAPN on Nasdaq1
  • IndustryBlank Checks1
  • HeadquartersNew York, New York1
  • Incorporated inCayman Islands2
  • Business address205 W 37Th St, New York, Ny 100182
  • Filer category, Emerging growth company2

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Placement Units (except to certain transferees) until after the completion of a Business Combination.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Every line of the income statement as filed: the last 1 fiscal year, latest first.4

Period ending2025-12-31
Formation and operating costs$908.0K
Loss from operations-$908.0K
Bank interest income$9.6K
Interest earned on cash and investments held in Trust Account$2.5M
Total other income$2.5M
Net Income$1.6M

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Corporate structure

Cayson Acquisition Corp sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Cayson Acquisition Corp

  • WOLVERINE ASSET MANAGEMENT LLC Filed SCHEDULE 13G/A on Cayson Acquisition Corp, latest Oct 6, 2026 (4 filings since Jan 31, 2025)
  • Kerry Propper Filed SCHEDULE 13G/A on Cayson Acquisition Corp, latest May 15, 2026 (2 filings since Nov 12, 2024)
  • Polar Asset Management Partners Inc. Filed SCHEDULE 13G on Cayson Acquisition Corp, latest May 15, 2026
  • Feis Equities LLC Filed SCHEDULE 13G/A on Cayson Acquisition Corp, latest Feb 2, 2026 (2 filings since Oct 23, 2025)
  • AQR CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G/A on Cayson Acquisition Corp, latest Feb 13, 2025 (2 filings since Nov 14, 2024)
  • Cayson Holding LP Filed SC 13D on Cayson Acquisition Corp, latest Sep 26, 2024
  • Yawei Cao Filed SC 13D on Cayson Acquisition Corp, latest Sep 26, 2024
  • Cayson Acquisition Corp New York, New York

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Cayson Acquisition Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Properties, in its own words

Our executive offices are located at 205 West 37th Street, New York, New York 10018, and our telephone number is (203) 998-5540. Pursuant to an Administrative Services Agreement, until the completion of our initial Business Combination or liquidation, we will pay a monthly fee of $10,000 to Cayson Holding LP for office space, secretarial and administrative services. We consider our current office space, combined with the other office space otherwise available to our executive officers, adequate for our current operations.

Item 2 of the 10-K filed Mar 24, 2026.3

Leadership

Who has led Cayson Acquisition Corp, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Yawei Cao2024–now

Chief financial officer

  1. Dahe Zhang2024–now
2025
  • Chief executive officerYawei Cao Sep 19, 2024 to now7
  • Chief financial officerDahe Zhang Sep 19, 2024 to now8
Board members and other officers (5)

Timeline

  1. Sep 23, 20268-K Entered a material agreement; New debt or obligation; Bylaws or fiscal year changed13
  2. Sep 8, 20268-K Ended a material agreement14
  3. Aug 26, 20268-K Other events15
  4. Jul 23, 20268-K Other events16
  5. Jun 25, 20268-K Entered a material agreement17
  6. Jun 23, 20268-K Other events18
  7. May 22, 20268-K Other events19
  8. Apr 28, 20268-K Listing notice or transfer20
  9. Apr 23, 20268-K Other events21
  10. Mar 20, 20268-K Entered a material agreement; New debt or obligation; Bylaws or fiscal year changed22
  11. Dec 23, 20258-K New debt or obligation23
  12. Oct 14, 20258-K Executive or director change24
  13. Sep 19, 2024New chief executive Yawei Cao becomes CEO7

Filings

89 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 20 major events, 8 insider forms, 15 large holders, 38 other. The latest 20:

  1. Oct 6, 2026SCHEDULE 13G/A EDGAR
  2. Sep 23, 20268-K EDGAR
  3. Sep 8, 2026DEF 14A EDGAR
  4. Sep 8, 20268-K EDGAR
  5. Aug 28, 2026PRE 14A EDGAR
  6. Aug 26, 20268-K EDGAR
  7. Aug 7, 202610-Q EDGAR
  8. Jul 31, 2026F-4/A EDGAR
  9. Jul 23, 20268-K EDGAR
  10. Jul 23, 2026425 EDGAR
  11. Jul 17, 2026F-4/A EDGAR
  12. Jun 25, 2026425 EDGAR
  13. Jun 25, 20268-K EDGAR
  14. Jun 23, 2026425 EDGAR
  15. Jun 23, 20268-K EDGAR
  16. May 22, 2026F-4/A EDGAR
  17. May 22, 2026425 EDGAR
  18. May 22, 20268-K EDGAR
  19. May 15, 2026SCHEDULE 13G EDGAR
  20. May 15, 202610-Q EDGAR

The 89 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Cayson Acquisition Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCayson Acquisition Corp1
  • CIK0002024203
  • Employer ID (EIN)00-00000003
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company3
  • Incorporated inCayman Islands3
  • Fiscal year endsDecember 311
  • Industry code (SIC)6770 Blank Checks1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business address205 W 37Th St, New York, NY 100181
  • Phone203-998-55401
  • Shares outstanding5,288,092 as of Aug 7, 20266
  • Public float$61.9M as of Jun 30, 20253
  • AuditorMaloneBailey, LLP, Houston, Texas PCAOB ID 206; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceJun 28, 20241
  • Filings93 in all: 8-K (20), 425 (11), SCHEDULE 13G/A (10), 10-Q (6), 3 (6), F-4/A (5), CORRESP (4), SCHEDULE 13G (4)1
    All 25 form types

    S-1/A (3), SC 13G (3), 10-K (2), 4 (2), DEF 14A (2), PRE 14A (2), SC 13D (2), UPLOAD (2), 424B4 (1), 8-A12B (1), CERT (1), DEFA14A (1), DRS (1), DRS/A (1), EFFECT (1), F-4 (1), S-1 (1)

  • Latest filingsAnnual report (10-K) Mar 24, 2026
    Quarterly report (10-Q) Aug 7, 2026
    Proxy statement (DEF 14A) Sep 8, 2026
    Latest 8-K (8-K) Sep 23, 2026

Securities registered for trading

ClassSymbolExchange
Units, each consisting of one ordinary share and one rightCAPNUNasdaq
Ordinary Shares, par value $0.0001 per shareCAPNNasdaq
Rights, each entitling the holder to one-tenth of one ordinary share upon the completion of the Company’s initial business combinationCAPNRNasdaq

From the cover page of the 10-K filed Mar 24, 2026 (Section 12(b) of the Exchange Act).3

Risk factors and legal proceedings

The risks Cayson Acquisition Corp names in Item 1A of its 10-K filed Mar 24, 2026: 75 risks under these headings, as written.3

  • Additionally, if we consummate our initial business combination with Mango Financial Group Limited, we will be subject to the risks facing such company, which risks are described in detail in the Form F-4.
  • Risks Relating to Searching for and Consummating a Business Combination
  • We are a Cayman Islands exempted company with no operating history and no revenues, and you have no basis on which to evaluate our ability to achieve our business objective.
  • Our Public Shareholders may not be afforded an opportunity to vote on our proposed business combination, which means we may complete our initial business combination even though a majority of our Public Shareholders do not support such a combination.
  • If we seek shareholder approval of our initial business combination, our initial shareholders have agreed to vote in favor of such initial business combination, regardless of how our Public Shareholders vote.
  • Your only opportunity to affect the investment decision regarding a potential business combination will be limited to the exercise of your right to redeem your shares from us for cash, unless we seek shareholder approval of the business combination.
  • The ability of our Public Shareholders to redeem their shares for cash may make our financial condition unattractive to potential business combination targets, which may make it difficult for us to enter into a business combination with a target.
  • The ability of our Public Shareholders to exercise redemption rights with respect to a large number of our shares may not allow us to complete the most desirable business combination or optimize our capital structure.
  • The ability of our Public Shareholders to exercise redemption rights with respect to a large number of our shares could increase the probability that our initial business combination would be unsuccessful and that you would have to wait for liquidation in order to redeem your shares.
  • Our search for an initial business combination, and any target business with which we ultimately consummate an initial business combination, may be materially adversely affected by new outbreaks, or continuation of any existing outbreaks, of any infectious disease (such as COVID-19) and other events, and the status of debt and equity markets.
  • As the number of special purpose acquisition companies evaluating targets increases, attractive targets may become scarcer and there may be more competition for attractive targets. This could increase the cost of our initial business combination and could even result in our inability to find a target or to consummate an initial business combination.
  • If our initial business combination involves a company organized under the laws of a state of the United States, it is possible a 1% U.S. federal excise tax will be imposed on us in connection with redemptions of our Ordinary Shares after or in connection with such initial business combination.
The other 64 risks
  • Changes in the market for directors and officers liability insurance could make it more difficult and more expensive for us to negotiate and complete an initial business combination.
  • The requirement that we complete our initial business combination within the prescribed time frame may give potential target businesses leverage over us in negotiating a business combination and may decrease our ability to conduct due diligence on potential business combination targets as we approach our dissolution deadline, which could undermine our ability to complete our initial business combination on terms that would produce value for our shareholders.
  • We may not be able to complete our initial business combination within the prescribed time frame, in which case we would cease all operations except for the purpose of winding up and we would redeem our Public Shares and liquidate, in which case our Public Shareholders may only receive $10.00 per share, or less than such amount in certain circumstances, and our Rights will expire worthless.
  • If we seek shareholder approval of our initial business combination, our initial shareholders and their affiliates may elect to purchase Ordinary Shares from Public Shareholders, which may make it more likely that we are able to consummate such initial business combination or reduce the public “float” of our Ordinary Shares or Rights.
  • If a shareholder fails to receive notice of our offer to redeem our Public Shares in connection with our initial business combination, or fails to comply with the procedures for tendering its shares, such shares may not be redeemed.
  • You will not have any rights or interests in funds from the Trust Account, except under certain limited circumstances. To liquidate your investment, therefore, you may be forced to sell your Public Shares or Rights, potentially at a loss.
  • If we seek shareholder approval of our initial business combination and we do not conduct redemptions pursuant to the tender offer rules, and if you alone or as part of a “group” of shareholders are deemed to hold in excess of 15% of our Ordinary Shares, you will lose the ability to redeem all such shares in excess of 15% of our Ordinary Shares.
  • Because of our limited resources and the significant competition for business combination opportunities, it may be more difficult for us to complete our initial business combination. If we are unable to complete our initial business combination, our Public Shareholders may receive only approximately $10.00 per share on our redemption of our Public Shares, or less than such amount in certain circumstances, and our Rights will expire worthless.
  • If the net proceeds of our Initial Public Offering and the sale of the Private Placement Units not being held in the Trust Account are insufficient to allow us to operate at least until by March 23, 2027 (assuming our board extends the time to complete a business combination as further described herein), we may be unable to complete our initial business combination, in which case our Public Shareholders may only receive $10.00 per share, or less than such amount in certain circumstances, and our Rights will expire worthless.
  • We do not have a specified maximum redemption threshold. The absence of such a redemption threshold may make it possible for us to complete a business combination with which a substantial majority of our shareholders do not agree.
  • If third parties bring claims against us, the proceeds held in the Trust Account could be reduced and the per-share redemption amount received by shareholders may be less than $10.00 per share.
  • Our independent directors may decide not to enforce the indemnification obligations of our Sponsors, resulting in a reduction in the amount of funds in the Trust Account available for distribution to our Public Shareholders.
  • If, after we distribute the proceeds in the Trust Account to our Public Shareholders, we file a bankruptcy petition or an involuntary bankruptcy petition is filed against us that is not dismissed, a bankruptcy court may seek to recover such proceeds, and we and our board may be exposed to claims of punitive damages.
  • If, before distributing the proceeds in the Trust Account to our Public Shareholders, we file a bankruptcy petition or an involuntary bankruptcy petition is filed against us that is not dismissed, the claims of creditors in such proceeding may have priority over the claims of our shareholders and the per-share amount that would otherwise be received by our shareholders in connection with our liquidation may be reduced.
  • Our shareholders may be held liable for claims by third parties against us to the extent of distributions received by them upon redemption of their shares.
  • Because we are not limited to a particular industry, sector, or geographic region in which to pursue our initial business combination, you will be unable to ascertain the merits or risks of any particular target business’ operations.
  • We may seek acquisition opportunities in industries or sectors which may be outside of our management’s area of expertise.
  • We may not required to obtain an opinion from an independent investment banking firm or from another entity that commonly renders valuation opinions, and consequently, you may have no assurance from an independent source that the price we are paying for the business is fair to our company from a financial point of view.
  • Resources could be wasted in researching acquisitions that are not completed, which could materially adversely affect subsequent attempts to locate and acquire or merge with another business. If we are unable to complete our initial business combination, our Public Shareholders may receive only approximately $10.00 per share, or less than such amount in certain circumstances, on the liquidation of our Trust Account and our Rights will expire worthless.
  • We may attempt to simultaneously complete business combinations with multiple prospective targets, which may hinder our ability to complete our initial business combination and give rise to increased costs and risks that could negatively impact our operations and profitability.
  • We may have a limited ability to assess the management of a prospective target business and, as a result, may complete our initial business combination with a target business whose management may not have the skills, qualifications or abilities to manage a public company, which could, in turn, negatively impact the value of our shareholders’ investment in us.
  • We may only be able to complete one business combination with the proceeds of our Initial Public Offering and the sale of the Private Placement Units, which will cause us to be solely dependent on a single business which may have a limited number of products or services. This lack of diversification may negatively impact our operations and profitability.
  • Our ability to complete a business combination may be impacted by the fact that certain of our Sponsors’ limited partners are non-U.S. persons, and a majority of our officers and directors are located in, or have significant ties to, China. This may make us a less attractive partner to potential target companies outside the PRC, thereby limiting our pool of acquisition candidates and making it harder for us to complete an initial business combination with a non-China-based target company.
  • Risks Relating to our Securities
  • Nasdaq may delist our securities from trading on its exchange, which could limit investors’ ability to make transactions in our securities and subject us to additional trading restrictions.
  • We may issue additional Ordinary Shares or preference shares to complete our initial business combination or under an employee incentive plan after completion of our initial business combination. Any such issuances would dilute the interest of our shareholders and likely present other risks.
  • We may issue notes or other debt securities, or otherwise incur substantial debt, to complete a business combination, which may adversely affect our leverage and financial condition and thus negatively impact the value of our shareholders’ investment in us.
  • The grant of registration rights to our initial shareholders and EBC may make it more difficult to complete our initial business combination, and the future exercise of such rights may adversely affect the market price of our Ordinary Shares.
  • Our initial shareholders paid an aggregate of $25,000 for the Founder Shares, or approximately $0.014 per founder share. As a result of this low initial price, our initial shareholders stand to make a substantial profit even if an initial business combination subsequently declines in value or is unprofitable for our Public Shareholders.
  • We may amend the terms of the Rights in a manner that may be adverse to holders with the approval by the holders of at least a majority of the then outstanding Rights.
  • Our Rights may have an adverse effect on the market price of our Ordinary Shares and make it more difficult to complete our initial business combination.
  • Because we must furnish our shareholders with target business financial statements, we may lose the ability to complete an otherwise advantageous initial business combination with some prospective target businesses.
  • Risks Related to Our Management
  • Our ability to successfully complete our initial business combination and to be successful thereafter will be totally dependent upon the efforts of members of our management team, some of whom may join us following our initial business combination. The loss of such people could negatively impact the operations and profitability of our post-combination business.
  • Members of our management team may negotiate employment or consulting agreements with a target business in connection with a particular business combination. These agreements may provide for them to receive compensation following our initial business combination and as a result, may cause them to have conflicts of interest in determining whether a particular business combination is the most advantageous.
  • Our officers and directors may allocate their time to other businesses and may become officers or directors of other special purpose acquisition companies, thereby causing conflicts of interest in their determination as to how much time to devote to our affairs and whether to present a target to us instead of our competitors. This conflict of interest could have a negative impact on our ability to complete our initial business combination.
  • Our initial shareholders and their respective affiliates may have competitive pecuniary interests that conflict with our interests.
  • We may engage in a business combination with one or more target businesses that have relationships with entities that may be affiliated with our initial shareholders which may raise potential conflicts of interest.
  • Since our initial shareholders will lose their entire investment in us if our initial business combination is not completed, a conflict of interest may arise in determining whether a particular business combination target is appropriate for our initial business combination.
  • Our Sponsors and other insiders may exert a substantial influence on actions requiring a shareholder vote, potentially in a manner that you do not support.
  • Post-Business-Combination Risks
  • Subsequent to the completion of our initial business combination, we may be required to take write-downs or write-offs, restructuring and impairment or other charges that could have a significant negative effect on our financial condition, results of operations and our share price, which could cause you to lose some or all of your investment.
  • Our success will ultimately depend upon market acceptance of our products and services, our ability to develop and commercialize existing and new products and services and generate revenues, and our ability to identify new markets for its technology.
  • If we fail to adapt and respond effectively to rapidly changing technology, evolving industry standards, changing regulations and payment methods, demand for product enhancements, new product features, and changing business needs, requirements or preferences, our products may become less competitive.
  • Technology platforms may not operate properly or as we expect them to operate.
  • New or changing technologies could cause a disruption in our business model, which may materially impact our results of operations and financial condition.
  • We may face additional and distinctive risks if we acquire a business in certain industries, such as technology.
  • Risks Related to Acquiring and Operating a Business Outside of the United States
  • We may effect a business combination with a company located outside of the United States and if we do, we would be subject to a variety of additional risks that may negatively impact our business operations and financial results.
  • Because of the costs and difficulties inherent in managing cross-border business operations, our results of operations may be negatively impacted.
  • If social unrest, acts of terrorism, regime changes, changes in laws and regulations, political upheaval, or policy changes or enactments occur in a country in which we may operate after we effect our initial business combination, it may result in a negative impact on our business.
  • Many countries have difficult and unpredictable legal systems and underdeveloped laws and regulations that are unclear and subject to corruption and inexperience, which may adversely impact our results of operations and financial condition.
  • If we effect a business combination with a company located outside of the United States, the laws applicable to such company will likely govern all of our material agreements and we may not be able to enforce our legal rights.
  • If relations between the United States and foreign governments deteriorate, it could cause potential target businesses or their goods and services to become less attractive.
  • If any dividend is declared in the future and paid in a foreign currency, you may be disproportionately taxed on what you actually receive.
  • If our management following our initial business combination is unfamiliar with United States securities laws, they may have to expend time and resources becoming familiar with such laws, which could lead to various regulatory issues.
  • Currency policies may cause a target business’ ability to succeed in the international markets to be diminished.
  • Many of the economies in Asia are experiencing substantial inflationary pressures which may prompt the governments to take action to control the growth of the economy and inflation that could lead to a significant decrease in our profitability following our initial business combination.
  • Many industries in Asia are subject to government regulations that limit or prohibit foreign investments in such industries, which may limit the potential number of acquisition candidates.
  • If a country in Asia enacts regulations in industry segments that forbid or restrict foreign investment, our ability to consummate our initial business combination could be severely impaired.
  • Corporate governance standards in Asia may not be as strict or developed as in the United States and such weakness may hide issues and operational practices that are detrimental to a target business.
  • If we effect our initial business combination with a business located in the in the People’s Republic of China, the laws applicable to such business will likely govern all of our material agreements and we may not be able to enforce our legal rights.
  • If we effect our initial business combination with a business located in the PRC, we may be subject to certain risks associated with acquiring and operating businesses in the PRC.
  • Our potential future subsidiaries and affiliated entities or acquisitions of offshore entities that conduct operations through affiliates in the PRC may be subject to a high level of scrutiny by the relevant tax authorities.
  • PRC regulations relating to offshore investment activities by PRC residents may limit our ability to inject capital in our Chinese subsidiaries and Chinese subsidiaries’ ability to change their registered capital or distribute profits to us or otherwise expose us or our PRC resident beneficial owners to liability and penalties under PRC laws.
  • Compliance with the PRC Antitrust law may limit our ability to effect our initial business combination.
  • Exchange controls that exist in the PRC may restrict or prevent us from using the proceeds of our Initial Public Offering to acquire a target company in PRC and limit our ability to utilize our cash flow effectively following our initial business combination.
  • Our initial business combination may be subject to national security review by the PRC government, and we may have to spend additional resources and incur additional time delays to complete any such business combination or be prevented from pursuing certain investment opportunities.

Legal proceedings

There is no material litigation, arbitration or governmental proceeding currently pending against us or any members of our management team in their capacity as such.

The opening of Item 3, Legal Proceedings.3

Sources

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    SEC EDGAROther events
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