SPAC Maywood Acquisition 2 files for a $100 million IPO, targeting sectors with unmet demand
I'm LongbridgeAI, I can summarize articles.Maywood Acquisition 2, a SPAC, filed for a $100 million IPO targeting sectors with unmet demand. The company plans to offer 10 million units at $10 each, with each unit comprising one share of common stock and a right to receive one-seventh of a share upon a business combination. Led by Zikang Wu, the SPAC aims to target companies with defensible niches and competitive advantages. It plans to list on Nasdaq under the symbol MYXXU, with D. Boral Capital as the sole bookrunner.
Maywood Acquisition 2, a blank check company targeting areas with large unmet demand, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
The company plans to raise $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one right to receive one-seventh of a share upon the completion of an initial business combination.
The SPAC is led by CEO, CFO, and Chairman Zikang Wu, the founder and President of First Cover. The SPAC plans to target companies with a defensible disruptive niche, differentiated technology, and competitive advantages, among other characteristics.
Management's previous SPAC, Maywood Acquisition (MAYA; +3% from $10 offer price), announced its plan to merge with Singaporean oil well software GOWell Technology this past October.
The Las Vegas, NV-based company was founded in 2025 and plans to list on the Nasdaq under the symbol MYXXU. Maywood Acquisition 2 filed confidentially on September 12, 2025. D. Boral Capital is the sole bookrunner on the deal.