凯森收购 Corp 2025年季度报告

OR For the transition period from ___________ to __________ Commission File Number:001-42280 Cayson Acquisition Corp (Exact name of registrant as specified in its charter) (State or other jurisdictionof incorporation or organization)205 W 37th St,New York,NY (Address of principal executive offices)(203)998-5540 (Issuer’s telephone number including area code) 420 Lexington Ave,Suite 2446,New York,NY10170(Former name, former address and former fiscal year, if changed since last report)Securities registered pursuant to Section 12(b) of the Act:Title of each classTradingsymbol(s)Name of each exchange on whichregisteredUnits, each consisting of one ordinary share and onerightCAPNUTheNasdaqStock Market LLCOrdinary Shares, par value $0.0001 per shareCAPNTheNasdaqStock Market LLCRights, each entitling the holder to one-tenth of oneordinary share upon the completion of the Company’sinitial business combinationCAPNRTheNasdaqStock Market LLC Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Ordinary SharesAdditionalPaid-inAccumulatedShareholders Subsequent measurement of ordinaryshares subject to possible redemption---(636,174)Net income---404,677Balance as of March 31, 20251,830,000$183$-$(1,773,797)$(1,773,614 4 FOR THE THREEMONTHS ENDED CASH FLOWS FROM OPERATING ACTIVITIESNet income$Interest earned on cash and investments held in Trust AccountAdjustments to reconcile net income to net cash used in operating activities:Changes in operating assets and liabilities: CASH AT YEAR END Supplemental disclosure of cash flow information: Subsequent measurement of ordinary shares subject to possible redemption$The accompanying notes are an integral part of the unaudited financial statements.5 Organizational and General Cayson Acquisition Corp (the “Company”) was incorporated in the Cayman Islands on May 27, 2024. The Company was formed forthe purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business with one or more businesses (the “Business Combination”). emerging growth companies.The Company’s sponsors are Yawei Cao and Cayson Holding LP, a Delaware limited partnership (the “Sponsors”). As of March 31,2025, the Company had not commenced any operations. All activity for the period from May 27, 2024 (inception) through March 31, identifying a target company for our initial Business Combination. The Company will not generate any operating revenues until afterthe completion of an initial Business Combination, at the earliest. The Company will generate non-operating income in the form of interest income from the proceeds derived from the Initial Public Offering. The Company has selected December 31 as its fiscal year September 23, 2024, the Company consummated the IPO of6,000,000units, (“Units” and, with respect to the ordinary shares includedin the Units being offered, the “Public Shares”), generating gross proceeds of $60,000,000, which is described in Note 3, and the sale of230,000Units (the “Private Placement Units”) at a price of $10.00per Private Placement Unit in a private placement to theSponsors, that was closed simultaneously with the IPO. Additionally, on October 15, 2024, the underwriters’ over-allotment optionexpired and the sponsors forfeited an aggregate of225,000founder shares.Transaction costs amounted to $3,722,528(net of $300,000underwriters cash reimbursement of deferred offering cost), consisting of accumulated deficit to the extent additional paid-in capital is fully depleted upon completion of the IPO. The Company will have until 12 months from the closing of the IPO (or up to 21 months, if we extend the time to complete a businesscombination, the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possiblebut not more than ten business days thereafter, redeem100% of the public shares, at a per-share price, payable in cash, equal to theaggregate amount then on deposit in the trust account including interest earned on the funds held in the trust account and notpreviously released to us to pay our taxes (less up to $100,000of interest to pay liquidation and dissolution expenses), divided by the within the meaning set forth in Section 2(a)(16) of the Investment Company Act, with a maturity of 185 days or less, or in any open-ended investment company that holds itself out as a money market fund investing solely in U.S. Treasuries and meeting certainconditions under Rule 2a-7 of the Investment Company Act, as determined by the Company, until the earlier of (i) the completion of a As of March 31, 2025, the Company had $315,185in its operating bank account, and working capital of $282,923. Further, theCompany has incurred and expects to continue to incur significant costs in pursuit of its financing and acquisition plans in pursuit of aBusiness Combination. a going concern withi