Cayson Acquisition Corp (CAPN) Form 8-K — Oct 27, 2026
Cayson Acquisition Corp, a Nasdaq-listed SPAC, entered a Strategic Cooperation and Services Agreement with Hong Kong-based Prisma Global Holding on October 23, 2026. Prisma will help arrange up to $1,000,000 in working capital loans before the de-SPAC and introduce approximately $18,000,000 in PIPE financing to close alongside the business combination. Fees are meaningful relative to the amounts: Cayson pays 10% of each loan (max $100,000) plus a 5% expense reimbursement (max $50,000), and loans may convert into shares of the surviving company at $10.00 per share. PIPE pricing will reference 85% of market price.
Key figures
- Financing Fee
- 10% per loan, max $100,000
- Extension Months
- 12
- Extended Deadline
- September 23, 2027
- Loan Conversion Price
- $10.00 per share
- Expense Reimbursement
- 5% of funded loans, max $50,000
- Pipe Introduction Up To
- 18000000
- Working Capital Loans Up To
- 1000000
- Pipe Subscription Price Ref
- 85% of market price
- Extension Monthly Contribution
- $60,000 per month
AI analysis
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