Cayson Acquisition Corp merges with Mango Financial Limited to create Mango Financial Group.

Cayson Acquisition Corp and Mango Financial Limited have entered into a merger agreement, with Cayson becoming a wholly-owned subsidiary of Mango Financial Group Limited. The combined company's securities are expected to be listed on Nasdaq. Mango is a licensed boutique investment bank in Hong Kong, and the merger is expected to strengthen its global presence.

Cayson Acquisition Corp (NASDAQ: CAPN) and Mango Financial Limited have announced a definitive agreement and plan of merger, with Cayson becoming a wholly-owned subsidiary of Mango Financial Group Limited. This strategic move aims to strengthen Mango's global presence and diversify its shareholder base [1].

Mango, a full-licensed boutique investment bank in Hong Kong, was founded in 1970 and is a founding member of the Far East Exchange. With over 50 years of experience, Mango offers a wide range of services, including investment banking, financial advisory, asset management, and securities underwriting and trading. The company's strong regional coverage extends to Hong Kong, Macau, East Asia, and Mainland China, with plans to expand into the U.S. [1].

The merger agreement, subject to shareholder approval and regulatory clearance, will see Cayson's shareholders receive shares in Mango Group. Upon closing, Cayson's shareholders will own approximately 6.6 million Mango Group ordinary shares, while Cayson's initial shareholders, including its sponsor, will own around 1.85 million shares [1].

Angela Zhang, Chairwoman and Director of Mango Financial Limited, noted that the business combination with Cayson will mark a pivotal step in Mango's global expansion. She added that a U.S. listing will provide access to the largest and most sophisticated capital market, strengthen their capital position, and enhance their ability to serve clients internationally [1].

Yawei Cao, Chairman and CEO of Cayson Acquisition Corp, stated that Mango's long-term operating history, full SFC licensing, and strong footprint in Asia make it an ideal business combination partner for Cayson. He believes the combination will unlock growth opportunities for Mango while delivering lasting value to Cayson's shareholders [1].

The transaction is expected to be completed in the second half of 2025 and is subject to customary closing conditions, including shareholder approval and regulatory clearance. The combined company's securities are expected to be listed on Nasdaq [1].

References:
[1] https://www.morningstar.com/news/globe-newswire/9493814/cayson-acquisition-corp-announces-entering-into-a-merger-agreement-with-mango-financial-limited