Cayson Acquisition Corp has entered into a loan agreement with Mango Financial Limited, securing an aggregate of $750,000 to extend the deadline for completing its initial business combination. The first tranche of $125,000 has already been deposited into the trust account established during the company's initial public offering. This funding is crucial as it allows the company to extend the time frame for consummating a business combination by up to twelve months, potentially until March 23, 2027. The loan is structured as a promissory note, which bears no interest and is repayable in full upon the successful completion of a business combination. This move comes after the company previously entered into a merger agreement with Mango Financial Group Limited, indicating a strategic effort to solidify its financial position and ensure the successful execution of its planned merger. The extraordinary general meeting held on March 18, 2026, saw shareholders approve several resolutions, including amendments to the company's memorandum and articles of association to facilitate this extension. The company is actively working towards finalizing its merger with Mango Financial Group, which is expected to enhance its operational capabilities and market presence.

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