Tue, Apr 15, 8:01 PM (11 days ago)
**Maywood Acquisition Corp. (MAYAU) - Financial Summary** **Overview:** Maywood Acquisition Corp. (MAYAU) is a blank check company incorporated in the Cayman Islands, focused on effecting a merger, share exchange, asset acquisition, or similar business combination. The company completed its initial public offering (IPO) on February 14, 2025, raising $86,250,000 from the sale of 8,625,000 units, including the underwriters' over-allotment option. Additionally, a private placement of 265,625 units generated $2,656,250. **Financial Performance:** - **Revenue:** $0 (no operational revenue generated as of December 31, 2024). - **Net Income:** $(7,712) for the period from May 31, 2024, to December 31, 2024, primarily due to formation and audit-related expenses. - **Operating Expenses:** $7,712, consisting of formation and audit-related expenses. - **Earnings Per Share (EPS):** $(0.00) for the period, as the company had not generated any operational revenue. **Strategic Overview:** - **Business Combination:** The company aims to complete a business combination within 15 months (or up to 18 months with extensions) from the IPO closing date. If unsuccessful, it will liquidate and dissolve. - **Target Business:** The company intends to focus on businesses with enterprise values of approximately $250 million to $1 billion. **Future Outlook:** - **Liquidity:** As of December 31, 2024, the company had no cash. Post-IPO, it had access to approximately $305,000 of funds held outside the trust account to fund working capital needs. - **Risk Factors:** The company faces risks related to its ability to complete a business combination, market conditions, and regulatory environment. **Risk Factors:** - **Business Combination Risk:** The company may not complete a business combination within the required timeframe, leading to liquidation. - **Market Risk:** The company's securities may be less attractive to some investors due to its status as an emerging growth company, potentially leading to a less active trading market and more volatile security prices. - **Financial Risk:** The company had a working capital deficit of $97,289 as of December 31, 2024, and has incurred significant costs in pursuit of its financing and acquisition plans. **Financial Condition:** - **Cash and Cash Equivalents:** $0 as of December 31, 2024. - **Total Assets:** $131,602, primarily consisting of deferred offering costs. - **Total Liabilities:** $114,314, including accounts payable and due to related parties. - **Shareholders' Deficit:** $(17,288), reflecting the company's accumulated losses. **Market Position Changes:** - **Listing:** The company's units, Class A ordinary shares, and rights are listed on the Nasdaq Stock Market under the symbols "MAYAU," "MAYA," and "MAYAR," respectively. - **Holders:** As of March 31, 2025, there were 4 holders of record of the units, 1 holder of record of the Class A ordinary shares, 1 holder of record of the Class B ordinary shares, and 1 holder of record of the rights. The company believes it has in excess of 300 beneficial holders of its securities.