Cambridge Acquisition Corporation Closes $230M IPO

Cambridge Acquisition Corporation, a special purpose acquisition company (SPAC), announced the closing of its initial public offering (IPO) of 23,000,000 units at $10.00 per unit, raising gross proceeds of $230,000,000. This includes 3,000,000 units issued due to the full exercise of the underwriters' over-allotment option. The units began trading on the Global Market tier of the Nasdaq Stock Market under the ticker symbol 'CAQUU' on February 6, 2026. Each unit comprises one Class A ordinary share and one-third of one redeemable warrant. Once separated, the ordinary shares and warrants are expected to trade under 'CAQ' and 'CAQUW' respectively. BTIG, LLC acted as the sole book-running manager for the offering. The United States===United States Securities and Exchange Commission declared the registration statement effective on January 30, 2026. The company is led by Chairman Michael Cam-Phung, CEO Brent Michael Cox, and CFO Anthony Michael Naimo, and was formed to pursue business combinations.