MYX · Maywood Acquisition Corp. 2 Class A Ordinary Share

Maywood Acquisition Corp. 2 successfully completed its initial public offering on April 15, 2026, raising $100 million in gross proceeds through the sale of 10 million units priced at $10.00 each. Concurrent with the IPO, the company executed a private placement of 140,000 units to its sponsor, West Pike, LLC, generating an additional $1.4 million. The private placement units are identical to the public units but carry transfer restrictions until 30 days after a business combination and were issued under the Section 4(a)(2) exemption. In accordance with standard SPAC structures, the full $100 million of IPO proceeds has been deposited into a trust account managed by Continental Stock Transfer & Trust Company, invested in U.S. government treasury bills or money market funds. The company has 12 months (extendable to 15 months under certain conditions) to complete an initial business combination with a target valued at least 80% of the trust assets. As of the balance sheet date, the company held approximately $590,248 in cash outside the trust account to fund ongoing operations and search activities. Transaction costs for the offering totaled approximately $4.3 million, including $500,000 in cash underwriting fees and $3.35 million related to the fair value of 350,000 representative shares issued to the underwriter, D. Boral Capital LLC.