Cayson Acquisition Corp

Previous wording

For the three months ended March 31, 2025, we had a net income of $404,677, which consists of loss of $235,799 derived from formation and operating costs offset by interest earned on cash and investments held in Trust Account of $636,174 and bank interest income of $4,302.

Current wording

For the three months ended June 30, 2025, we had a net income of $383,558, which consists of a loss of $259,113 derived from formation and operating costs, offset by interest earned on cash and investments held in the Trust Account of $640,013, and bank-interest income of $2,657

Previous wording

For the three months ended March 31, 2025, cash and investments used in operating activities was $150,069. Net income of $404,677 was adjusted by interest earned on cash and investments held in the Trust Account of $636,174. Changes in operating assets and liabilities used $81,428 of cash for operating activities.

Current wording

For the six months ended June 30, 2025, cash used in operating activities was $281,836. Net income of $788,235 was reduced by $1,276,187 of interest earned on the Trust Account and $6,959 of bank-interest income. Changes in operating assets and liabilities used $206,116 of cash for operating activities.

Previous wording

As of March 31, 2025, we had cash and investments held in the Trust Account of $61,388,253. We intend to use substantially all of the funds held in the Trust Account, including any amounts representing interest earned on the Trust Account (less income taxes payable), to complete our Business Combination. To the extent that our share capital or debt is used, in whole or in part, as consideration to complete our Business Combination, the remaining proceeds held in the Trust Account will be used as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.

Current wording

As of June 30, 2025, we had cash and investments held in the Trust Account of $62,028,266. We intend to use substantially all of the funds held in the Trust Account, including any amounts representing interest earned on the Trust Account (less income taxes payable), to complete our Business Combination. To the extent that our share capital or debt is used, in whole or in part, as consideration to complete our Business Combination, the remaining proceeds held in the Trust Account will be used as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.

Previous wording

As of March 31, 2025, we had a cash balance of $315,185 and a working capital of $282,923. We intend to use the funds held outside the Trust Account primarily to pay existing accounts payable, identify and evaluate target business combination candidates, perform business due diligence on prospective target businesses, pay for travel expenditures to plants or similar locations of prospective target businesses or their representatives or owners, review corporate documents and material agreements of prospective target businesses, structure, negotiate and complete a Business Combination, and to pay for directors and officers liability insurance premiums.

Current wording

As of June 30, 2025, we had a cash balance of $183,418 and a working capital of $203,540. We intend to use the funds held outside the Trust Account primarily to pay existing accounts payable, identify and evaluate target business combination candidates, perform business due diligence on prospective target businesses, pay for travel expenditures to plants or similar locations of prospective target businesses or their representatives or owners, review corporate documents and material agreements of prospective target businesses, structure, negotiate and complete a Business Combination, and to pay for directors and officers liability insurance premiums.