Maywood Acquisition Corp. 2 Closes $100M IPO of 10M Units
Maywood Acquisition Corp. 2 raised $100 million by selling 10 million units at $10 each in its Nasdaq Global Market debut. Each unit contains one Class A share, a quarter share purchase right upon business combination, and one warrant exercisable at $11.50 per share.
1. IPO Closing
Maywood Acquisition Corp. 2 completed its initial public offering on April 15, 2026, selling 10 million units at $10.00 each and raising $100 million in gross proceeds. D. Boral Capital LLC served as sole book-running manager and holds a 45-day option to purchase up to 1.5 million additional units.
2. Unit Structure
Each unit comprises one Class A ordinary share, one right to receive one-fourth of a Class A share upon completion of a business combination, and one warrant to purchase one Class A share at $11.50. Upon separation, the shares, rights and warrants will trade on Nasdaq under distinct symbols.
3. Trust and Use of Proceeds
All net proceeds, including private placement funds, totaling $100 million have been placed in a trust account to finance a future merger, share exchange, asset acquisition or similar business combination. The company, led by CEO Zikang Wu, is actively evaluating target opportunities.