Maywood Acquisition Corp. 2 IPO - What You Need to Know

Hey there! Thinking about dipping your toes into the Maywood Acquisition Corp. 2 IPO? That's great you're doing your homework! Let's break down what this all means in plain English, so you can make an informed decision. Think of me as your friend explaining this over coffee. This information is based on their preliminary filing with the SEC on December 19, 2025.

1. What does this company actually do? (in plain English)

Okay, so this is a bit different from your usual company that sells products or services. Maywood Acquisition Corp. 2 is what's called a SPAC (Special Purpose Acquisition Company). You might hear it called a "blank check company."

Here's the simple version: Imagine a group of experienced business people decide they want to buy a promising private company and bring it to the stock market. But they haven't found that company yet! So, they create Maywood Acquisition Corp. 2, raise money from investors like you, and then go hunting for a good company to buy.

So, right now, Maywood Acquisition Corp. 2 doesn't do anything in terms of selling goods or services. Its entire purpose is to find, acquire, and merge with an existing private company. Once that merger happens, the private company essentially becomes public through Maywood Acquisition Corp. 2.

Maywood Acquisition Corp. 2 is legally set up in the Cayman Islands, which is a common place for SPACs to be incorporated.

2. How do they make money and are they growing?

Since Maywood Acquisition Corp. 2 is just a "shell" company looking for a business, it doesn't make money from operations right now. It's not selling anything, so it doesn't have revenue or profits in the traditional sense.

Its "growth" isn't about increasing sales; it's about successfully finding and merging with a promising private company. The money it raises from this IPO will be held in a special trust account.

3. What will they do with the money from this IPO?

This is pretty straightforward:

• Most of the money goes into a trust account: This money is essentially locked away and can only be used for one main purpose: to buy a private company.
• To acquire a private company: The goal is to use this cash to fund the merger with a target company.
• What if they don't find a company? If Maywood Acquisition Corp. 2 can't find a suitable company to merge with within a set timeframe (usually 18-24 months), they have to give most of the money back to the investors who bought shares in the IPO.
• A small portion for expenses: A tiny bit of the money might be used for operating costs while they search for a company, but the vast majority is protected in that trust.

4. What are the main risks I should worry about?

Investing in a SPAC like Maywood Acquisition Corp. 2 comes with its own set of unique risks:

• They might not find a good company (or any company!): This is the biggest one. The management team has a deadline. If they can't find a suitable private company to merge with, your money will be returned, but you won't have made any profit, and you'll have missed out on other investment opportunities.
• The company they pick might not be great: Even if they find a company, there's no guarantee it will be a successful business once it's public. You're essentially trusting the management team's judgment.
• You're buying a "promise": Unlike a traditional IPO where you can analyze an existing business, with a SPAC, you're investing in the idea that the management team will find a good business.
• Dilution: When they do merge with a company, there might be additional shares issued, which could "dilute" the value of your existing shares.
• Management incentives: The people running the SPAC often get a significant chunk of shares (called "founder shares" or "promote") for putting the deal together. This means they can still make a lot of money even if the deal isn't a home run for regular investors.
• Fewer Disclosures: Maywood Acquisition Corp. 2 is classified as a "non-accelerated filer," a "smaller reporting company," and an "emerging growth company." This means they have fewer reporting and disclosure requirements compared to larger, more established public companies. So, you might get less detailed information about them.
• Accounting Standards: As an emerging growth company, they've also chosen to use an extended transition period for complying with new or revised financial accounting standards. This means they might delay adopting some new accounting rules, which could make their financial statements look a bit different from other companies that have to adopt them sooner.
• Unusual Unit Structure: Unlike some SPACs that offer warrants, each unit here includes a "right" to receive 1/7 of an additional Class A ordinary share after the merger. This is a bit different and means you won't get a warrant that you can trade separately or exercise later. Instead, you'll automatically get a fraction of a share if the merger goes through. This could affect how your investment grows or is diluted compared to a traditional warrant structure.

5. How do they compare to competitors I might know?

This is a bit different because Maywood Acquisition Corp. 2 isn't selling a product or service. So, it doesn't have "competitors" in the way Apple competes with Samsung.

Instead, its "competitors" are other SPACs, private equity firms, or even traditional investment banks that are also looking to buy promising private companies. They're all essentially competing to find the best private businesses to bring to the public market.

Maywood Acquisition Corp. 2 might have a specific industry or type of company they're looking for (e.g., tech, healthcare, consumer goods). If they've stated a focus, then their "competitors" would be other groups looking in that same area.

6. Who's running the company?

This is super important for a SPAC! Since you're essentially trusting them to find a good company, you want to know who's in charge.

The key person here is Zikang Wu, who holds multiple important roles: Chairman of the Board, Chief Executive Officer (CEO), and Chief Financial Officer (CFO). You'll want to research his background to see if he has a strong track record in finding and growing businesses.

Their main business office is located in Las Vegas, Nevada, but they are legally incorporated in the Cayman Islands, where their agent for service is located.

7. Where will it trade and under what symbol?

Once the IPO happens, Maywood Acquisition Corp. 2 will trade on a major stock exchange. The specific exchange and ticker symbol are usually announced closer to the IPO date. For now, this information isn't available in their preliminary filing. You'll want to look for updates as the IPO approaches.

8. How many shares and what price range?

This tells you how much money they're looking to raise and what the initial cost will be for you.

• Total Offering Size: They are looking to raise $100,000,000.
• Number of Units Offered: This means they are offering 10,000,000 units.
• IPO Price Per Unit: For most SPACs, this is typically $10.00 per unit.

So, if you buy 100 units, you'd generally pay $1,000.

Quick note on what you get: Each unit you buy for $10.00 consists of:

1. One Class A ordinary share (this is your basic ownership share).
2. One "right" to receive one-seventh (1/7) of one additional Class A ordinary share after they successfully complete a merger with a target company. This is a bit different from a "warrant" (which gives you the option to buy more shares later). With this "right," you'll automatically get that fraction of an additional share if the merger happens. After a while, the common stock and these "rights" (or the shares they convert into) usually split and trade separately.

Hopefully, this helps you understand Maywood Acquisition Corp. 2 a bit better! It's a unique type of investment, so it's always smart to understand the ins and outs before you decide to jump in. Good luck!