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CAPNR

Cayson Acquisition Corp Right

CAPNR

Cayson Acquisition Corp Right • NASDAQ
$0.18 ▲ 0.00% (+0.00)
Market Cap $1.46 M
52w High $0.18
52w Low $0.18
Dividend Yield 0%
P/E 0
Volume 6
Outstanding Shares 7.99M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $0 $0 ▼ $415.606K ▲ 0% $0.05 ▲ $0 ▲
Q2-2025 $0 $259.113K ▲ $383.558K ▼ 0% $0.049 ▼ $-259.113K ▼
Q1-2025 $0 $235.799K ▲ $404.677K ▼ 0% $0.052 ▼ $-236K ▼
Q4-2024 $0 $133.748K ▲ $566.686K ▲ 0% $0.22 ▲ $700.434K ▲
Q3-2024 $0 $87.519K $-31.278K 0% $-0.017 $-87.519K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $87.898K ▼ $63.493M ▲ $2.798M ▲ $-2.582M ▼
Q2-2025 $183.418K ▼ $62.363M ▲ $2.211M ▼ $60.153M ▲
Q1-2025 $315.185K ▼ $61.878M ▲ $2.263M ▲ $59.615M ▲
Q4-2024 $465.254K ▼ $61.413M ▲ $2.203M ▲ $59.21M ▲
Q3-2024 $575.87K $60.838M $2.194M $58.643M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $415.606K ▲ $0 $-600K ▼ $600K ▲ $-95.52K ▲ $0
Q2-2025 $383.558K ▼ $0 $0 $0 $-131.767K ▲ $0
Q1-2025 $404.677K ▲ $0 ▲ $0 ▲ $0 ▼ $-150.069K ▼ $0 ▲
Q4-2024 $566.686 ▲ $-110 ▲ $-42.857K ▲ $43.453K ▼ $465.254 ▼ $-110 ▲
Q3-2024 $-31.278 $-258.602K $-60M $60.834M $575.87K $-258.6K

Five-Year Company Overview

Income Statement

Income Statement Cayson Acquisition Corp Right is essentially a blank-check security, so its income statement is not meaningful in the usual way. It has no operating business, no real revenue, and any small reported earnings are more about SPAC structure and accounting than about performance. The economic story will only really begin once the merger closes and Mango Financial’s results replace the current shell-company profile. Until then, the income line items mostly just confirm that this vehicle does not yet generate normal business income.

Balance Sheet

Balance Sheet The balance sheet is extremely light, reflecting a shell company with minimal assets, no debt, and very thin equity. There are no operating assets, no loan book, and no tangible franchise yet—just the remnants of a SPAC structure intended to merge with Mango Financial. For holders of the right, the key is that their claim is on the future combined entity, not on today’s small balance sheet. Once the merger is finalized, the profile will pivot to that of Mango: a regulated Hong Kong financial firm with licenses, client relationships, and intangible franchise value that are not visible in the current CAPNR figures.

Cash Flow

Cash Flow Cash flows today are essentially flat because there is no underlying business generating or consuming operating cash in a meaningful way. The SPAC structure means cash mostly sits in trust or is used for deal-related expenses rather than ongoing operations. The real cash story will come later: Mango’s ability to generate steady advisory fees, trading and asset management income, and any new digital-asset revenues. For now, cash flow information mostly confirms that CAPNR is in a pre-business, pre-merger phase.

Competitive Edge

Competitive Edge On its own, CAPNR has no competitive position; it is a financing shell. Post-merger, the competitive landscape will be defined by Mango Financial. Mango brings a long-standing reputation in Hong Kong, broad regulatory licensing across securities and asset management, and experience in investment banking and advisory work. That gives it credibility and regulatory access that newer entrants in digital assets do not always have. At the same time, it will be going up against both established global banks and fast-moving fintech and crypto-native players. Its edge appears to lie in combining traditional investment banking and asset management with regulated digital-asset services, but this will be tested by intense competition and evolving rules in both Hong Kong and global markets.

Innovation and R&D

Innovation and R&D Innovation is expected to come almost entirely from Mango Financial rather than from CAPNR. Mango is pushing into digital assets: security token offerings, tokenization of real-world assets, stablecoin-based payments, and a virtual-asset trading and fund-management platform, all wrapped in a multi-market trading app. This is less about classic R&D spending and more about product innovation, licensing upgrades, and technology deployment in a highly regulated space. The upside is potential early-mover advantage in regulated digital finance; the risk is that regulatory changes, market volatility in crypto, or slow client adoption could delay or dilute those ambitions.

Summary

CAPNR today is essentially a financial shell linked to a future merger with Mango Financial; its current financial statements mainly confirm that it has no operating business of its own. The real story is forward-looking: a planned transition into a Hong Kong-based investment bank and asset manager that is trying to bridge traditional finance with regulated digital-asset services. Strengths include Mango’s long history, strong licensing base, and combination of conventional investment banking with newer blockchain-based offerings. Key uncertainties include completion and integration of the merger, regulatory outcomes in both Hong Kong and the U.S., the pace of adoption of tokenization and digital assets, and how well Mango can compete against much larger banks and nimble fintech rivals. Overall, CAPNR should be viewed less as a reflection of current financial performance and more as a structured claim on whether Mango’s strategy in regulated digital finance can be executed successfully over time.