The company has secured funding but faces the typical SPAC timeline pressure to find a target within 12 months. The significant ownership stake held by sponsors through founder shares and private placements could influence future governance decisions.
Executive Summary
Maywood Acquisition Corp. 2 has completed its initial public offering of 10 million units at $10.00 per unit, raising $100 million. Each unit consists of one Class A ordinary share, one right to receive 1/4 of a share upon business combination, and one redeemable warrant. The offering includes a private placement of 140,000 units to West Pike, LLC for $1.4 million, and Stone Bay, LLC holds 4.04 million founder shares acquired for $25,000. The funds are held in trust pending a business combination, with the company having 12 months to complete one.
Key Financial Metrics
Key Facts
- Completed IPO of 10 million units at $10.00 per unit
- Each unit contains one Class A ordinary share, one right, and one warrant
- Raised $100 million in gross proceeds
- West Pike, LLC committed to purchase 140,000 private placement units for $1.4 million
- Stone Bay, LLC holds 4.04 million founder shares purchased for $25,000
- Funds are held in trust with Continental Stock Transfer & Trust Company
- Company has 12 months to complete a business combination
Financial Impact
Raised $100 million in gross proceeds with $99.5 million net to company after underwriting commissions
Risk Factors
- Failure to complete a business combination within 12 months
- Potential conflicts of interest with sponsors
- Dilution to public shareholders from founder shares
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 424B4 Filing (Primary) | 0001477932-26-002206 |
| Document: 0001477932-26-002206-index-headers.html | 0001477932-26-002206 |
| Document: 0001477932-26-002206-index.html | 0001477932-26-002206 |
| Document: 0001477932-26-002206.txt | 0001477932-26-002206 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 20d ago | SC 13G/A | $10.03 | awaiting T+20 | — | $10.06 (+0.30%) |
Apr 14, 2026 27w ago | 424B4 | — | awaiting T+20 | — | — |
Apr 14, 2026 28w ago | EFFECT | — | awaiting T+20 | — | — |
Apr 13, 2026 28w ago | 3 | — | awaiting T+20 | — | — |
US Market Status
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