Maywood Acquisition Corp. 2 filed a Form 10-Q with the SEC on November 12, 2026, covering the quarterly period ended September 30, 2026, its first quarter with an active trust account following its initial public offering.

Key Highlights

  • Trust Account: Investments held in the Trust Account totaled $101,658,921 as of September 30, 2026, compared to zero at December 31, 2025, according to the filing.
  • Net Income: The company reported net income of $776,775 for the three months ended September 30, 2026, versus a net loss of $10,000 in the prior-year quarter.
  • Shares Outstanding: As of November 12, 2026, the registrant had 10,490,000 Class A ordinary shares and 3,513,514 Class B ordinary shares outstanding.
  • Founder Share Cancellation: 527,027 Class B ordinary shares were surrendered and cancelled during the three months ended September 30, 2026, after the underwriters' over-allotment option expired unexercised on May 28, 2026.
  • Redemption Value: 10,000,000 Class A ordinary shares subject to possible redemption carried a redemption value of approximately $10.17 per share as of September 30, 2026.
  • Total Assets: Total assets were $101,892,001 at September 30, 2026, up from $128,653 at December 31, 2025.

Maywood Acquisition Corp. 2 Discloses First Active Quarter Following IPO

According to the filing, Maywood Acquisition Corp. 2 (NASDAQ:MYX) is a blank check company incorporated in the Cayman Islands and classified as a shell company. The 10-Q for the period ended September 30, 2026 reflects the company's first operating quarter with funds in trust, following the completion of its initial public offering earlier in 2026. The Trust Account held $101,658,921 at quarter end, with dividend income earned on trust investments of $1,658,921 for the nine months ended September 30, 2026, the filing disclosed.

For the three months ended September 30, 2026, the company reported total expenses of $146,221, consisting of formation and operating costs, and total other income of $922,996, which included $920,486 in dividend income from the Trust Account and $2,510 in interest income, resulting in net income of $776,775. Basic and diluted net income per share was $0.06 across all share classes for the quarter, according to the filing. For the nine months ended September 30, 2026, net income totaled $1,523,587.

The filing notes that the underwriters' over-allotment option expired unexercised on May 28, 2026, causing 527,027 Class B ordinary shares previously subject to forfeiture to become subject to surrender for no consideration. Those shares were surrendered and cancelled during the three months ended September 30, 2026. As of September 30, 2026, total shareholders' equity stood at $84,492, with retained earnings of $84,092. Total liabilities were $148,588, including a $99,000 promissory note to a related party.

What Was Disclosed

Maywood Acquisition Corp. 2 filed its quarterly report for the period ended September 30, 2026, disclosing trust account funding of $101,658,921, net income of $776,775 for the quarter, the cancellation of 527,027 founder shares, and a Class A ordinary share redemption value of approximately $10.17 per share.