Cayson Acquisition Corp. (CAPNU) Prices $60M IPO

Cayson Acquisition Corp. announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CAPNU”, Friday, September 20, 2024.

The new SPAC intends to focus its search on Asian businesses, but does not expect to combine with a Chinese variable interest entity (VIE).

Cayson’s sponsor team is to be led by Chairman and CEO Yawei Cao and CFO Dahe Zhang. The Company’s independent directors include Annie Liang-Zhou, Raymond (Yong) Xia and Yue Zhuge.

Total SPAC deal count for 2024 year-to-date is now 34. This offering is expected to close on Monday, September 23, 2024.

EarlyBirdCapital, Inc. is acting as the book-running manager for the offering and Revere Securities is acting as co-manager for the offering. Graubard Miller served as Issuer’s Counsel and McDermott Will & Emery LLP served as Underwriter’s Counsel. MaloneBailey LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.