Cayson Acquisition, a blank check company targeting businesses in Asia, filed on Friday with the SEC to raise up to $60 million in an initial public offering.
The New York, NY-based company plans to raise $60 million by offering 6 million units at $10. Each unit consists of one share of common stock and one right to receive one-tenth of a share upon the completion of an initial business combination. At the proposed deal size, Cayson Acquisition would command a market value of $78 million.
Cayson Acquisition is led by CEO and Chairman Yawei Cao, who currently serves as Executive Director of Hong Kong Dragon Financial Group and the Executive Director of Finance at Amer International Group. The SPAC plans to target businesses in Asia, focusing on those involved in financial services, technology, biotechnology and pharmaceutical, advanced materials, and clean energy.
Cayson Acquisition was founded in 2024 and plans to list on the Nasdaq under the symbol CAPNU. EarlyBirdCapital is the sole bookrunner on the deal.
