16 December 2025
Maywood Acquisition Corp.
10-K / April 15, 2025
Summary of Maywood Acquisition Corp.
Business Purpose:
Maywood Acquisition Corp. is a blank check company incorporated in the Cayman Islands, formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses.
Operational Status as of 2024:
- The company is in the early, pre-operational stage.
- As of December 31, 2024, it has not commenced any operations.
- Its primary activities have involved formation, initial capitalization, and preparation for going public.
Recent Transactions:
- On February 14, 2025, the company completed its initial public offering (IPO), issuing 8,625,000 units at $10.00 per unit, raising gross proceeds of approximately $86.25 million.
- The IPO included 1,125,000 units subject to over-allotment, which was fully exercised.
- The company also issued 265,625 private placement units at $10.00 per unit, raising approximately $2.66 million.
- A non-interest bearing Sponsor Loan of $500,000 was deposited into the Trust Account to ensure$10.00 per share is maintained.
Target & Strategy:
- Focus on acquiring or merging with businesses with enterprise values of approximately $250 million to $1 billion.
- Will seek a business combination within a 15-month period (extendable to 18 months).
Current Operations & Revenue:
- The company has no revenue or income to date.
- Has only incurred formation and audit-related expenses totaling $7,712 as of December 31, 2024.
- No employees or operational staff have been reported or are active as of the reporting date.
Customer & Market Information:
- No customer base or sales, as operations have not yet commenced.
- No data available on revenue, income, or customers.
Financial Position:
- As of December 31, 2024, the company had no cash and a working capital deficit of approximately $97,289.
- Total assets amount to $131,602, consisting primarily of deferred offering costs.
- Liabilities include $114,314, mainly accounts payable and due to related parties.
- Shareholders’ equity consists of founder shares, additional paid-in capital, and accumulated losses totaling $17,288.
Employees:
- No employees or management personnel are directly reported to be working for the company at this stage.
Income & Revenue:
- No operational revenue or income was generated as of December 31, 2024.
- The only expenses recorded relate to formation, audit, and related administrative costs.
In Summary:
Maywood Acquisition Corp. is a newly formed Cayman Islands exempted company that has not yet engaged in any operational activities. It has raised funds through an IPO and private placement with the intent to identify and acquire a target business with enterprise value in the range of $250 million to $1 billion within 15 months, but has not yet begun any operational or revenue-generating activities.
