Company: JWSUF
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001410578-25-000474
Chunk: 32

Company: Jaws Mustang Acquisition Corp
Filing Date: 2025-03-26
Form: 10-K
Item: Item 5M
Chunk 32
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Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

(a)Market Information

Our units, ordinary shares, and warrants are each traded on the OTC Pink Open Market under the symbols “JWSMUF,” “JWSMF,” and “JWSWF,” respectively. Our units, Class A ordinary shares, par value $0.0001 and warrants began trading on the OTC Pink Open Market around November 4, 2024.

(b)Holders

As of December 31, 2024, there was one holder of record of our units, four holders of record of our Class A ordinary shares, one holder of record of our Class B ordinary shares and two holders of record of our warrants.

(c)Dividends

We have not paid any cash dividends on our ordinary shares to date and do not intend to pay cash dividends prior to the completion of our initial business combination. The payment of cash dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements and general financial condition subsequent to completion of our initial business combination. The payment of any cash dividends subsequent to our initial business combination will be within the discretion of our board of directors at such time. If we incur any indebtedness in connection with a business combination, our ability to declare dividends may be limited by restrictive covenants we may agree to in connection therewith.

(d)Securities Authorized for Issuance Under Equity Compensation Plans

None.

(e)Performance Graph

Not applicable.

(f)Recent Sales of Unregistered Securities; Use of Proceeds from Registered Offerings.

Unregistered Sales

On October 23, 2020, our sponsor paid $25,000, or $0.003 per share, to cover certain of our offering costs in consideration of 8,625,000 Class B ordinary shares, par value $0.0001. Such securities were issued in connection with our organization pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act. The total number of Class B ordinary shares outstanding after our initial public offering and the expiration of the underwriters’ option to purchase additional units equals 20% of the total number of Class A ordinary shares and Class B ordinary shares outstanding at such time. The Class B ordinary shares will automatically convert into our Class A ordinary shares at the time of our initial business combination, subject to adjustment, as described in this Report