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Cayson Acquisition signs agreement with Prisma for up to $1M working capital loans and $18M PIPE introductions
CAPNCayson Acquisition Corp
Cayson Acquisition Corp entered into a Strategic Cooperation and Services Agreement with Prisma Global Holding Limited. Under the deal, Prisma will assist in obtaining working capital loans of up to $1,000,000 prior to a business combination, for which Cayson pays a 10% fee capped at $100,000. Additionally, Prisma will introduce potential sources for financings of up to $18,000,000 to be consummated simultaneously with the initial business combination, subject to mutually agreed fees. The company also deposited $60,000 into its trust account for the second month of a deadline extension. Cayson Acquisition Corp is a blank check company seeking an initial business combination.