Cayson Acquisition Corp's Insiders deposited $125,000 into the Trust Account on April 22, 2026, for the second month of the board's extension of the business combination deadline to up to March 23, 2027.
Key takeaways
On March 18, 2026, shareholders approved amending the memorandum and articles to allow monthly extensions of the business combination deadline up to 12 months to March 23, 2027.
Insiders deposited $125,000 Contribution on April 22, 2026, for the second month of the Extension into the Trust Account.
Each monthly extension requires an aggregate $125,000 Contribution from Insiders, increasing the per-share redemption price.
Extensions can be terminated earlier by the Board at its discretion or upon business combination closing.