Maywood Acquisition Corp. Files S-1 for IPO

TL;DR

Maywood Acquisition Corp. just filed an S-1 for an IPO - SPAC alert!

AI Summary

Maywood Acquisition Corp., a blank check company, filed an S-1 registration statement on December 30, 2024, to register an unspecified number of securities. The company, incorporated in the Cayman Islands, is led by Chairman, CEO, and CFO Zikang Wu and has a principal executive office in Albany, NY. This filing indicates their intent to pursue a business combination.

Why It Matters

This S-1 filing by Maywood Acquisition Corp. signals the company's intention to raise capital through an initial public offering, potentially leading to a future acquisition or merger.

Risk Assessment

Risk Level: medium — As a blank check company (SPAC), Maywood Acquisition Corp. has no operating history or defined business plan beyond finding a target for acquisition, introducing inherent risks.

Key Numbers

• 333-284082 — SEC File Number (Identifies this specific registration filing)
• 241589636 — Film Number (Internal SEC processing number)

Key Players & Entities

• Maywood Acquisition Corp. (company) — Registrant
• Zikang Wu (person) — Chairman of the Board, Chief Executive Officer and Chief Financial Officer
• December 30, 2024 (date) — Filing Date
• Cayman Islands (location) — Jurisdiction of Incorporation
• Albany, NY (location) — Principal Executive Offices
• 6770 (industry_code) — Standard Industrial Classification Code

FAQ

Key Financial Figures

• $75,000,000 M — O COMPLETION, DATED DECEMBER 30, 2024 $75,000,000 Maywood Acquisition Corp. 7,500,000 Uni
• $10.00 — ies. Each unit has an offering price of $10.00 and consists of one Class A ordinary sh
• $500,000 — shall be net of taxes payable and up to $500,000 of interest that may be released to us
• $2,575,500 — ight, at a price of $10.00 per unit, or $2,575,500 (or $2,856,250 if the underwriters' ove
• $2,856,250 — e of $10.00 per unit, or $2,575,500 (or $2,856,250 if the underwriters' over-allotment opt
• $300,000 — our sponsor has agreed to loan us up to $300,000 to be used for a portion of the expense
• $100,000 — working capital requirements and up to $100,000 of interest to pay dissolution expenses
• $1,667 — tionally, we will reimburse our sponsor $1,667 per month for office space and administ
• $0.25 — $ 9.35 $ 70,125,000 1) Includes $0.25 per unit, or $1,875,000 in the aggregat
• $1,875,000 — ,000 1) Includes $0.25 per unit, or $1,875,000 in the aggregate (or $2,156,250 in the
• $2,156,250 — nit, or $1,875,000 in the aggregate (or $2,156,250 in the aggregate if the underwriters' o
• $0.40 — g of this offering. Also includes up to $0.40 per unit, or up to $3,000,000 in the ag
• $3,000,000 — includes up to $0.40 per unit, or up to $3,000,000 in the aggregate (or up to $3,450,000 i
• $3,450,000 — o $3,000,000 in the aggregate (or up to $3,450,000 if the overallotment option is exercise
• $75.0 m — r loan as described in this prospectus, $75.0 million, or $86.25 million if the underwr

Filing Documents

• mayau_s1.htm (S-1) — 1952KB
• mayau_ex107.htm (EX-10.7) — 18KB
• mayau_ex231.htm (EX-23.1) — 3KB
• mayau_exh107.htm (EX-FILING FEES) — 20KB
• mayau_ex231img2.jpg (GRAPHIC) — 8KB
• 0001477932-24-008378.txt ( ) — 2007KB

Risk Factors

Risk Factors 36 Cautionary Note Regarding Forward-Looking Statements 82

Use of Proceeds

Use of Proceeds 84 Dividend Policy 87

Dilution

Dilution 88 Capitalization 90

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 91 Proposed Business 97 Effecting our Initial Business Combination 104 Management 122 Principal Shareholders 131 Certain Relationships and Related Party Transactions 135

Description of Securities

Description of Securities 138 Taxation 156

Underwriting

Underwriting 168 Legal Matters 178 Experts 178 Where You Can Find Additional Information 178 Index to Financial Statements F-1 v Table of Contents We are responsible for the information contained in this prospectus. We have not, and the underwriters have not, authorized anyone to provide you with information that is different from or inconsistent with that contained in this prospectus. We are not, and the underwriters are not, making an offer to sell securities in any jurisdiction where the offer or sale is not permitted. You should not assume that the information contained in this prospectus is accurate as of any date other than the date on the front of this prospectus. Trademarks This prospectus contains references to trademarks and service marks belonging to other entities. Solely for convenience, trademarks and trade names referred to in this prospectus may appear without the or symbols, but such references are not intended to indicate, in any way, that the applicable licensor will not assert, to the fullest extent under applicable law, its rights to these trademarks and trade names. We do not intend our use or display of other companies' trade names, trademarks or service marks to imply a relationship with, or endorsement or sponsorship of us by, any other companies. vi Table of Contents SUMMARY This summary only highlights the more detailed information appearing elsewhere in this prospectus. As this is a summary, it does not contain all of the information that you should consider in making an investment decision. You should read this entire prospectus carefully, including the information under "Risk Factors" and our financial statements and the related notes included elsewhere in this prospectus, before investing. Unless otherwise stated in this prospectus or the context otherwise requires, references to: "CCM" are to Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC, the representative of the underwrite

View Full Filing

View this S-1 filing on SEC EDGAR