Cayson Acquisition Corp 8-K

What Happened
Cayson Acquisition Corp (the SPAC) reported in an 8-K filed Dec 23, 2025 that, effective Dec 17, 2025, Mango Financial Limited loaned the company $600,000. The funds were deposited into the SPAC’s trust account to extend the time to consummate a business combination from December 23, 2025 to March 23, 2026. The loan is evidenced by a promissory note and bears no interest; it is repayable in full only upon the consummation of a business combination.

Key Details

• Lender: Mango Financial Limited; Loan amount: $600,000 (effective Dec 17, 2025).
• Purpose: Deposit into the SPAC’s trust account to extend the deadline to complete a business combination from 12/23/2025 to 3/23/2026.
• Terms: Promissory note (Exhibit 10.1) — no interest; repayment due only upon closing of a business combination.
• The 8-K was filed on Dec 23, 2025 and includes the promissory note as an exhibit.

Why It Matters
This loan gives Cayson Acquisition additional time and cash in its trust account to pursue or close a business combination instead of liquidating on the original deadline. For investors, the key facts are that the extension was funded by a sponsor-related loan (no interest and repayable only if a deal closes), which preserves the SPAC’s ability to complete a transaction through March 23, 2026 but also ties repayment to the success of a future business combination. Watch for future filings confirming whether a business combination is completed or if further extensions or changes occur.