MYX SEC filings, in plain English
Everything Maywood Acquisition 2 has filed with the SEC that we hold — 29 filings, newest first, 23 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
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What changed: Quarterly Report (Form 10-Q) for Maywood Acquisition Corp. 2 for the quarter ended June 30, 2026, its first quarterly report since its IPO on April 15, 2026. The SPAC completed its IPO on April 15, 2026, raising $100 million. As of June 30, 2026, the trust account held $100,738,435 ($10.07 per public share). No business combination target has been selected and no substantive discussions with any target have been initiated. The underwriter's over-allotment option expired unexercised on May 28, 2026, resulting in 527,027 founder shares becoming subject to surrender (cancellation not yet completed). Transaction costs totaled $4,468,991. Cash outside the trust was $307,155 and working capital was $228,203. Management disclosed substantial doubt about the company's ability to continue as a going concern if a business combination is not completed by April 15, 2027. Why it matters: This filing provides the first post-IPO financial snapshot, confirming the trust value per share at $10.07. The going concern warning highlights the 12-month deadline (April 15, 2027) and the pressure to execute a deal. The expiration of the over-allotment and ongoing cancellation of forfeited founder shares affect share count and sponsor economics. No deal progress or extension was announced, leaving the SPAC in a pure searching phase.
What changed vs 2026-05-13going concern APPEAREDsponsor loan $139K → $99Kgoing-concern doubt, sponsor loans outstanding, trust account +22 moved · 3 with no prior record of ours
- Going-concern doubt
- not statedstated
- Sponsor loans outstanding
- $139K$99K
- Trust account
- not previously extracted$100.7M
- Combination deadline
- not previously extracted2027-04-15
- Redeemable shares
- not previously extracted10.0M
SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.
The clause …“this date. 8 Table of Contents In connection with the Company’s assessment of going concern considerations in accordance with FASB ASC 205-40, "Presentation of Financial Statements – Going Concern," management has determined that the”…
SpacBrain reads this as $40,000 of sponsor debt has come off.
The clause …“the Promissory Note in lieu of a cash payment. Following these transactions, $99,000 remained outstanding under the Promissory Note as of June 30, 2026 ($89,000 plus $80,000 of drawdowns, less the $70,000 non-cash settlement) . The”…
The clause …“public offering - 119,265 Total current assets 368,699 128,653 Investments held in Trust Account 100,738,435 - Total Assets $ 101,107,134 $ 128,653 LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS'”…
The clause …“that our mandatory liquidation and subsequent dissolution, should a Business Combination not be completed by April 15, 2027, raise substantial doubt about our ability to continue as a going concern for a period of one year”…
The clause …“shares authorized; 490,000 and no shares issued and outstanding (excluding 10,000,000 shares subject to possible redemption) as of June 30, 2026 and December 31, 2025, respectively 49 - Class B ordinary shares, $ 0.0001 par value,”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: a Schedule 13G beneficial ownership report submitted by Aristeia Capital, L.L.C. The filing excerpt identifies only the regulatory report type, SEC document identifier, and the reporting entity, Aristeia Capital, L.L.C. It omits share quantities, ownership percentages, transaction dates, and statements of purpose. Accordingly, it discloses no shifts in redemption eligibility, trust payout calculations, extension referendum mechanics, or sponsor fiduciary conduct. Why it matters: SEC regulations require Schedule 13G disclosures when an acquirer crosses or sustains a five-percent beneficial ownership threshold, which often foreshadows governance influence, target introductions, or negotiated combinations. Because the text provides no numerical positions, strategic rationale, or operational commentary specific to Maywood Acquisition 2, it does not alter capital structure assumptions, liquidation rights, or acquisition pacing. All assertions are sourced directly from the provided filing language.(flagged for human review)
What changed: Schedule 13G beneficial ownership report. Per the submission, Polar Asset Management Partners Inc. has identified itself as a beneficial owner of MYX shares. The filing contains no information, projections, or amendments related to the April 14, 2027 business combination timeline, trust account management, extension voting procedures, target selection progress, or sponsor governance and conduct. Why it matters: As a standard periodic ownership disclosure, it confirms institutional tracking of the SPAC but introduces no new contractual parameters, commercial assertions, or strategic directives that would alter the sponsor’s search-phase operations or public shareholders’ redemption calculations. Because the holding company did not attach supplemental schedules detailing stake size or voting intent, the filing does not shift the probability of a timely close or trigger liquidity events.
What changed: Routine compliance exhibit — a Schedule 13G beneficial ownership report filed by Highbridge Capital Management, LLC to disclose cumulative equity interest exceeding 5% in MYX. The filing identifies the reporting holder and a submission identifier [0000919574-26-005323] but discloses no share quantities, acquisition timing, consideration paid, or transaction purpose. Why it matters: This serves as a standard regulatory inventory update that does not alter MYX’s operational mechanics. It triggers no redemptions, does not modify the 2027-04-14 deadline, shift trust valuation, signal deal advancement, or address sponsor conduct, customer relationships, financial metrics, strategic direction, technology, partnerships, litigation, or executive appointments.
What changed: A Schedule 13G beneficial ownership report (routine compliance exhibit) listing AQR Capital Management, LLC; AQR Capital Management Holdings, LLC; and AQR Arbitrage, LLC as reporting parties for Maywood Acquisition 2 (MYX). The provided filing excerpt identifies three AQR-affiliated entities as holders submitting a Schedule 13G for MYX. It contains no share quantities, ownership percentages, transaction dates, purchase prices, or amendment flags. Consequently, the report does not indicate any shift in the redemption deadline of 2027-04-14, the stated trust/share value of $10.07, the company’s SEARCHING status, or any sponsor conduct. Why it matters: Schedule 13G filings disclose passive equity stakes held by institutional investors, often for indexing or long-term positioning rather than activist influence. The excerpt attributes beneficial ownership to AQR’s management and arbitrage arms, but because the share count, exact ownership percentage, and nature of the acquisition or holding period are omitted, the filing cannot currently alter redemption calendar tracking, trust distribution assumptions, or deal-progression analysis. Investors reviewing the full SEC record would look for the precise percentage (typically crossing or remaining at 5%), whether the entities file jointly, and any subsequent amendments that might signal coordinated voting intent ahead of a target announcement or potential extension vote. Per this text alone, no material mechanic, customer claim, revenue figure, partnership, litigation, or strategic pivot is disclosed.
What changed: Schedule 13G beneficial ownership report, classified as a routine compliance exhibit. Regarding redemption deadlines, trust value, extensions, deal progress, and sponsor conduct, the filing contains no mechanical updates. The document identifies Wolverine Asset Management, LLC, Wolverine Holdings, LLC, Christopher L. Gust, and Robert R. Bellick as joint filers but discloses no share quantities, percentage thresholds, acquisition dates, or transaction histories that would shift liquidation windows, verify per-share valuations, trigger extension votes, advance business combination timelines, or reflect sponsor behavior. On other substantive grounds, the named filers made no assertions regarding customer portfolios, revenue streams, addressable market sizing, corporate strategy, proprietary technology, commercial partnerships, pending litigation, or executive personnel. Why it matters: For a SEARCHING-stage SPAC, a bare-list 13G typically reflects passive custodial aggregation or existing index exposure rather than coordinated campaign activity. Because the excerpt omits percentage stakes and trade dates, investors cannot determine whether these entities hold sufficient public shares to sway early redemption waves, oppose a future combination vote, or coordinate with management around deadline extensions. Subsequent amendments quantifying their aggregate voting power relative to outstanding float will be required before this filing meaningfully impacts liquidity dynamics or combination negotiations.
What changed: 10-Q (Quarterly Report for the period ended March 31, 2026) for Maywood Acquisition Corp. 2, a blank-check company that completed its IPO on April 15, 2026. This is the first quarterly report for the company since inception (June 3, 2025). The pre-IPO balance sheet shows only formation and offering cost activities. The key change from the filing is the subsequent consummation of the IPO on April 15, 2026: 10,000,000 units were sold at $10.00 per unit for gross proceeds of $100,000,000, which was deposited into the Trust Account. Simultaneously, the sponsor purchased 140,000 Private Placement Units for $1,400,000. The trust value is exactly $10.00 per unit ($100,000,000 / 10,000,000 units). The deadline is 12 months from the IPO closing (April 15, 2027), or 15 months if a definitive agreement is announced. The company has not yet identified a target or initiated any substantive discussions. The underwriter's over-allotment option to purchase 1,500,000 additional units had not been exercised as of the filing date. The company also incurred transaction costs of approximately $4,302,199. The CEO identified disclosure controls and procedures as not effective. Why it matters: This is the first public filing for this SPAC post-IPO, providing the baseline trust value ($100,000,000), unit structure (1 share + 1/4 right + 1 warrant), and the liquidation deadline (12 months from April 15, 2026, i.e., April 15, 2027). The filing confirms the sponsor has agreed to typical waivers and lock-ups. The notice of ineffective disclosure controls suggests potential internal control weaknesses that could lead to processing delays. The company is in the 'SEARCHING' stage with no target discussions initiated.
What changed: A Form 8-K Current Report and accompanying press release filed by Maywood Acquisition Corp. 2. Per the press release included as Exhibit 99.1 and signed by Chief Executive Officer Zikang Wu on May 13, 2026, the Company announced that holders of its sold units may elect to separately trade the included Class A ordinary shares, rights, and redeemable warrants commencing on or about May 15, 2026. Separated securities will list on Nasdaq Global Market under ticker symbols MYX, MYXXR, and MYXXW. Unseparated units will continue trading as MYXXU. The filing notes that warrants carry an exercise price of $11.50 per share, each right entitles the holder to one-fourth of one Class A ordinary share upon completion of the initial business combination, no fractional rights will be issued, and unit holders must direct their brokers to contact Continental Stock Transfer & Trust Company to execute the separation. Why it matters: This un-bundling of units alters the mechanical trading landscape for the trust ahead of the scheduled business combination deadline. Independent trading of equity, partial conversion rights, and warrants allows shareholders to adjust exposure without selling entire units, potentially influencing redemption demand, secondary market liquidity, and warrant exercise calculus. The Company reaffirms in the release that it remains a Cayman Islands exempt blank check company formed to enter into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities, and directs readers to the Risk Factors in the final prospectus filed April 14, 2026.
What changed: A Schedule 13G joint filing agreement (Exhibit A) executed on April 22, 2026, authorizing Whitebox Advisors LLC and Whitebox General Partner LLC to submit a single beneficial ownership report for Class A Ordinary Shares of Maywood Acquisition Corp. 2. The filing establishes a coordinated reporting structure for the two affiliated entities. It contains no amendments to shareholder rights, no update to redemption windows, no trust account valuation data, no extension vote records, no business combination milestones, and no changes to sponsor governance or conduct. Why it matters: The document solely confirms that Gina Scianni, identified as Associate General Counsel & Deputy Chief Compliance Officer of Whitebox Advisors LLC and Authorized Signatory of Whitebox General Partner LLC, consents to the joint submission. Because the excerpt isolates only the consent exhibit without the accompanying Schedule 13G body, percentage thresholds, acquisition intent language, or historical amendment tables, it provides no data on customer concentration, revenue streams, market sizing, strategic direction, technology pipelines, partnership formations, active litigation, or executive transitions. Accordingly, it does not alter the current SEARCHING status or materially affect the calculation of remaining time to the 2027-04-14 deadline, nor does it introduce new trust value mechanics.
What changed: Form 8-K Current Report, accompanied by an audited balance sheet and press release, reporting the April 15, 2026 closing of Maywood Acquisition Corp. 2’s initial public offering and simultaneous private placement. The registrant states the trust account was funded with exactly $100,000,000 from 10,000,000 units priced at $10.00 per unit. The business combination deadline is set to 12 months from the April 15, 2026 closing, extendable to 15 months if a definitive agreement is publicly announced. Redemption terms allow public shareholders to receive a pro rata portion of the trust account, initially anticipated to be $10.00 per share plus interest, net of taxes. Sponsor West Pike, LLC purchased 140,000 private placement units for $1,400,000, agreeing to a 30-day transfer lock-up and waiving redemption and liquidation rights for founder shares. D. Boral Capital LLC acted as underwriter, receiving a $500,000 cash fee and 350,000 representative shares, while total transaction costs amounted to approximately $4,302,199. The audited balance sheet discloses $590,248 in non-trust cash and $449,655 in stockholders’ equity as of the closing date. Why it matters: This filing establishes the definitive trust baseline, redemption floor, and accelerated 12-month search timer that governs investor liquidity and liquidation risk. The documented requirement that any target must hold a fair market value of at least 80% of the trust account value, combined with sponsor waivers and lock-ups, sets the structural economics for future negotiations. Notes to the financial statements confirm that management has not identified a target and has initiated no substantive discussions, indicating the entity operates with full strategic discretion and faces zero near-term deal completion probability while maintaining a monthly $1,667 administrative expense commitment to a sponsor affiliate.
What changed: Final prospectus (Rule 424(b)(4)) for the initial public offering of Maywood Acquisition Corp. 2, a blank check company. This is the first public disclosure of the terms of the IPO. No prior prospectus exists; this filing establishes the SPAC's offering structure, trust mechanics, redemption provisions, sponsor economics, and business combination timeline for the first time. Why it matters: Sets the baseline trust value at $10.00 per share ($100 million total, $115 million if over-allotment exercised), a 12-month deadline to close a business combination (extendable to 15 months if a definitive agreement is announced), and redemption rights for public shareholders. The filing also reveals sponsor incentives, dilution from founder shares purchased at $0.006 per share, and potential conflicts of interest among management and sponsors. Investors can now evaluate the terms and risks of this SPAC.
What changed: 8-K Current Report filed to announce the effectiveness of the registration statement for the initial public offering of Maywood Acquisition Corp. 2 and to file the executed IPO-related agreements as exhibits. This 8-K is a formality to certify that the registration statement on Form S-1 (File No. 333-294616) was declared effective on April 13, 2026, and the Company entered into the standard IPO agreements (underwriting, charter, rights, warrant, insider letter, trust, registration rights, private placement, indemnification, administrative services) and issued a press release announcing the pricing of the $100,000,000 offering of 10,000,000 units at $10.00 per unit. Why it matters: This filing documents the completion of the SPAC's IPO, establishing the core mechanics of the trust, the deadline (12 months from closing, extendable to 15 months), the value of shares ($10.07 per share per the provided summary but $10.00 per unit gross in the filing), the sponsor conduct (including vote and redemption agreements and indemnification for trust claims), and the lock-up and transfer restrictions. It is the foundational document for tracking all future extension votes, deal deadlines, and sponsor behavior; the SPAC is now 'SEARCHING' with a deadline of April 14, 2027.
What changed: A routine compliance exhibit — SEC Form 3 initial statement of beneficial ownership of securities. According to Director Jin Zixun’s Form 3 submission, no non-derivative transactions or holdings were reported. There are no shifts in insider equity, trust account mechanics, redemption calendar parameters, extension pathways, or sponsor behavior relative to the stated $10.07 trust/share value and 2027-04-14 deadline. Why it matters: This filing establishes the regulatory baseline for director-level ownership ahead of the redemption window. The explicit absence of reported holdings confirms Director Jin Zixun has not purchased public shares as of this date, which affects how investors track director alignment and potential market activity during the SEARCHING phase. The document contains no claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel.
What changed: FORM 3 — insider ownership report filed with the SEC disclosing securities holdings and transactions by a reporting person of Maywood Acquisition Corp. 2. Wu Zikang (director, CEO, CFO) reported 'No non-derivative transactions or holdings reported' for the coverage period ending 2026-04-13. Why it matters: For investors monitoring redemption mechanics and sponsor conduct, this FORM 3 confirms the named executive has not executed new non-derivative equity positions as of the 2026-04-13 filing date. The report contains no assertions regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel changes. Because Form 3 filings track initial insider reporting triggers and subsequent equity movements, the explicit statement of zero non-derivative activity indicates stable direct sponsor alignment without advancing the ongoing SEARCHING phase. The filing makes no references to trust distributions, extension resolutions, or deal negotiations, meaning redemption deadlines and share valuation parameters remain governed by prior prospectus disclosures rather than this submission.
What changed: A Form 3 initial beneficial ownership report, classified as a routine compliance exhibit under Section 16(a) of the Securities Exchange Act, filed by Stone Bay LLC, identified in the filing as a 10% owner of Maywood Acquisition Corp. 2. The filing explicitly states 'No non-derivative transactions or holdings reported,' confirming zero changes to insider equity positions. This means no alterations to the sponsor’s voting power, no impact on the SPAC’s operating account or trust balance, and no forward-looking adjustments to the redemption calendar or extension provisions. As documented in the filing context, the trust per share remains at $10.07, the business combination deadline remains fixed at 2027-04-14, and the SPAC’s developmental status continues as SEARCHING. Why it matters: This routine statutory disclosure establishes a verified snapshot of sponsor positioning prior to any target search execution. Because the document contains no management commentary, customer metrics, revenue forecasts, market-size estimates, technology roadmaps, partnership agreements, or litigation assertions, there are no additional commercial or strategic signals for investors to weigh beyond the baseline insider posture. All reported information is attributed solely to Stone Bay LLC and the Form 3 filing itself. For capital-structure monitors, this null report reinforces that the sponsor maintains a static 10% commitment through 2026-04-13, leaving redemption liquidity, extension feasibility, and deal-progress tracking entirely dependent on subsequent operational milestones before the 2027-04-14 deadline.
What changed: A routine compliance exhibit (SEC Form 8-A) registering units, Class A ordinary shares (par value $0.0001 per share), rights, and redeemable warrants for listing on The Nasdaq Stock Market LLC under Section 12(b) of the Exchange Act. The Registrant states that the filing administratively registers the listed security classes and incorporates by reference the prospectus descriptions from the registration statement initially filed on March 26, 2026. According to the incorporated terms, redeemable warrants carry an $11.50 exercise price and rights entitle holders to one-fourth of a Class A ordinary share upon completion of an initial business combination. This routine submission makes no amendment to redemption deadlines, trust distributions, extension provisions, deal timeline, or sponsor conduct. Why it matters: As a standard listing registration, it establishes the official exchange trading mechanism for Maywood Acquisition Corp. 2 without altering the external search calendar or trust valuation mechanics. Dated April 13, 2026, and executed by Chief Executive Officer Zikang Wu, the document contains no disclosures regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel changes beyond the signatory identification. It serves solely as a procedural compliance exhibit to activate Nasdaq trading for the registered capital stack.
What changed: SEC Form 3 — Insider Ownership Report identifying Maywood Acquisition Corp. 2 and reporting person Tian Hao (director). The filing declares that no non-derivative transactions or holdings were reported for Director Tian Hao. There are no changes to insider equity positions, no director trades affecting public supply, and no adjustments to the published redemption deadline of 2027-04-14 or the tracked trust value of $10.07 per share. Why it matters: Per the form’s own text, the complete absence of reported non-derivative shares means the director recorded no acquisitions or dispositions of registrant equity during the reporting window. For investors tracking SPAC mechanics, this confirms no shift in sponsor or director positioning that would signal urgency around the SEARCHING status, affect warrant/redemption pacing, or trigger extension considerations. The document contains no claims regarding target pipeline, customer concentration, revenue, technology, partnerships, litigation, or additional personnel; it functions solely as a routine compliance record that leaves the $10.07 trust balance and 2027-04-14 timeline unchanged.
What changed: A Form 3 initial beneficial ownership report filed on 2026-04-13 by Maywood Acquisition Corp. 2 director Yang Chao. This document is a routine compliance exhibit: a Form 3 insider ownership report. Regarding redemption deadlines, trust value, extensions, deal progress, and sponsor conduct, the filing—submitted by reporting person Yang Chao—explicitly states 'No non-derivative transactions or holdings reported.' There are no modifications to the 2027-04-14 liquidation deadline, no adjustments to the $10.07 per-share trust account, and no updates to pending business combinations or director activities. Regarding other substance, the submission contains zero claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel; it solely records the director’s own declaration of empty equity positions. Why it matters: Investors tracking the April 14, 2027 redemption horizon and the $10.07 trust value should view this as a transparency baseline: Director Yang Chao, as the filer, confirmed no share accumulation or disposition, which isolates insider behavior from the capital raise mechanics and leaves the extension/redemption framework mechanically unchanged. While this administrative filing does not provide deal catalysts, alter distribution waterfalls, or signal sponsor conduct shifts, it verifies ongoing regulatory compliance and prevents unfounded assumptions about off-market trading ahead of the extended timeline.
What changed: Registration statement on Form S-1 for a new blank check company IPO. This is an initial S-1 filing for the IPO of Maywood Acquisition Corp. 2, a new SPAC seeking to raise $100 million ($115 million with over-allotment) at $10.00 per unit. The trust is $10.07 per share based on the stated trust amount and unit count. The deadline is 12 months from closing (15 months if a definitive agreement is publicly announced). No target has been selected. The document provides full terms of the offering, sponsor economics, share lock-ups, redemption mechanics and corporate governance. Key terms: two sponsors (Stone Bay and West Pike), management team includes Zikang Wu (CEO/CFO), independent directors Zixun Jin, Hao Tian and Chao Yang. The sponsor promotes that none of its members are affiliated with the officers/directors. Why it matters: This filing establishes the baseline redemption calendar (12-15 month deadline from IPO closing, trust per-share value ~$10.07), the trust economics, and the sponsor's incentive structure (founder shares at ~$0.01/share, 4,040,541 Class B shares, with 527,027 subject to forfeiture if over-allotment not exercised). It also shows that management's prior SPACs (Healthcare AI, Battery Future) had mixed outcomes – one never consummated a deal under this team, one did close. The trust holds 100% of gross proceeds ($10.00 per unit). The sponsor loan and working capital loan terms are disclosed. For investors tracking redemption mechanics, this is the foundational document for future extension votes and deal proxy statements.
What changed: Amendment No. 2 to Form S-1 Registration Statement under the Securities Act of 1933. According to the explanatory note in the filing, the registrant submitted this amendment solely to update Part II Item 16 (Exhibits and Financial Statement Schedules) and to attach certain transactional exhibits, including a Cayman Islands legal opinion. The filing explicitly states that it does not modify any provision of the preliminary prospectus contained in Part I. Why it matters: The filing discloses the maximum proposed public offering of 11,500,000 units (10,000,000 base units plus 1,500,000 over-allotment units), with each unit comprising one Class A ordinary share and a right entitling the holder to receive one-seventh (1/7) of one Class A ordinary share upon completion of an initial business combination. Regarding sponsor equity and redemption mechanics, the registrant states that Stone Bay, LLC paid $25,000 (approximately $0.01 per share) on June 4, 2025, for 2,424,324 Class B ordinary shares and subsequently received 1,616,217 capitalized shares in October 2025, bringing its founder share total to 4,040,541 shares representing approximately 26% of post-offering outstanding equity; up to 527,027 of these shares will be surrendered for no consideration if the over-allotment option is not fully exercised. The filing also details a concurrent private placement commitment by West Pike, LLC to purchase 140,000 units at $10.00 per unit for $1,400,000, noting these units will be worthless if the SPAC fails to complete a business combination. On trust and indemnification mechanics, the registrant confirms that its officers and directors have contractually waived all rights, titles, interests, or claims to the trust account monies except where arising directly from their ownership of public shares, meaning any indemnification obligations can only be satisfied from funds outside the trust account or after consummating an initial business combination. The filing further itemizes estimated non-underwriting issuance expenses at $625,000 and identifies Zikang Wu (Chairman, Chief Executive Officer, and Chief Financial Officer), Zixun Jin, Hao Tian, and Chao Yang as executing officers and directors.
What changed: Amendment No. 1 to Form S-1 registration statement for an initial public offering of units of Maywood Acquisition Corp. 2, a blank check company (SPAC) formed to effect a business combination. The document is a preliminary prospectus containing full terms of the proposed IPO, including unit composition, trust account mechanics, redemption rights, sponsor arrangements, risk factors, and financial statements. This Amendment No. 1 updates the initial S-1 filing (filed previously) by including: (i) updated financial statements (audited as of June 30, 2025 and unaudited as of September 30, 2025); (ii) revised risk factors and business description; (iii) additional exhibits including the underwriting agreement, amended and restated memorandum and articles of association, legal opinions, and consent of independent accountants; (iv) revised offering details and pricing; and (v) other standard updates to the prospectus. The company still has no target business selected and no substantive discussions with any target. Why it matters: This filing provides the first comprehensive disclosure of the SPAC's IPO terms, including trust per share ($10.00), deadline (18 months from closing), sponsor economics (founder shares at ~$0.006 per share), redemption rights with a 15% cap if shareholder vote is held, and the structure of rights (1/7 share per right). It allows investors to evaluate the SPAC's management team, conflicts of interest, and dilution. No business combination has been identified, so the filing is a pre-offering disclosure for a new SPAC searching for a target.
What changed: registration statement on Form S-1 for an initial public offering of a blank check company (SPAC) named Maywood Acquisition Corp. 2. This is the initial filing of the S-1; there is no previous registration statement to compare it to. The document proposes a $100 million IPO of 10,000,000 units (plus an over-allotment option for 1,500,000 units) at $10.00 per unit. Each unit consists of one Class A ordinary share and one right to receive one-seventh of a share upon a business combination. The trust is funded with $100,000,000 (or $115,000,000 if the over-allotment is exercised in full). Key new information: the trust/share value is $10.07 (though the filing states the trust will hold $10.00 per share initially); the deadline to complete a business combination is 18 months from the closing of the offering; the sponsor (Stone Bay, LLC) purchased founder shares for ~$0.006 per share; the co-sponsor (West Pike, LLC) is committed to purchasing 140,000 private placement units at $10.00/unit; and the management team is identified as led by Zikang Wu (Chairman, CEO, CFO) with independent directors Zixun Jin, Hao Tian, and Chao Yang. Why it matters: This filing provides all the structural and financial terms for a new SPAC IPO. It informs investors of the trust value, redemption mechanics, share structure (including founder share dilution), the management team and their prior SPAC affiliations (including involvement with Healthcare AI Acquisition Corp. and Battery Future Acquisition Corp.), sponsor incentives, and the timeline. The filing also details the anti-dilution provisions of the founder shares which may cause further dilution for public shareholders.
What changed: Draft Registration Statement on Form S-1 for an initial public offering of a blank-check company, filed confidentially with the SEC. This is the initial S-1 filing; the SPAC had no prior public filings. The document sets forth the proposed IPO terms: 6,000,000 units at $10.00/unit, each unit consisting of one Class A ordinary share and one right to receive one-fifth of a Class A ordinary share upon a business combination. $60 million will be deposited in trust ($10.00 per public share). Sponsor Stone Bay, LLC holds 2,424,324 founder shares ($25,000 purchase price) and will purchase 150,000 private placement units ($1.5 million). The SPAC has 15 months (potentially 18) to complete a business combination. No target has been selected. Why it matters: This filing registers a new SPAC for IPO, providing the full terms, risk factors, and structure. For investors tracking redemption mechanics, the trust is initially $10.00 per share, the deadline is 15 months from closing (extendable to 18), and public shareholders have redemption rights in connection with a business combination or certain charter amendments. The sponsor's low-cost founder shares create potential conflicts. The filing contains no information on an existing target or deal progress; it is a pre-offering disclosure.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.