Cambridge Acquisition Corp. Announces Closing of $230 Million Initial Public Offering

Rhea-AI Summary

Cambridge Acquisition Corp (NASDAQ:CAQUU) closed its initial public offering of 23,000,000 units at $10.00 per unit, including a full 3,000,000-unit over-allotment, generating $230,000,000 in gross proceeds. Units began trading on Nasdaq Global Market under CAQUU on February 6, 2026.

Each unit comprises one Class A ordinary share and one-third of one redeemable warrant; whole warrants will trade as CAQUW and exercise price is $11.50. A registration statement was declared effective by the SEC on January 30, 2026, and BTIG acted as sole book-running manager.

Positive

• Gross proceeds of $230,000,000 raised in the IPO
• Full exercise of underwriters' over-allotment adding 3,000,000 units
• Immediate Nasdaq Global Market listing under CAQUU
• Warrants structured at $11.50 exercise price; whole warrants to trade as CAQUW

Negative

• Potential dilution from warrant exercises at $11.50
• Securities are issued by a Cayman Islands organized SPAC, which may affect governance and regulatory differences

News Market Reaction

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1 alert

% News Effect

On the day this news was published, CAQUU declined NaN%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Gross proceeds: $230,000,000 Units offered: 23,000,000 units Offering price: $10.00 per unit +5 more

8 metrics

Gross proceeds $230,000,000 Initial public offering gross proceeds

Units offered 23,000,000 units Total units in IPO including over-allotment

Offering price $10.00 per unit IPO unit offering price

Over-allotment units 3,000,000 units Units from full exercise of over-allotment option

Warrant exercise price $11.50 per share Exercise price for each whole redeemable warrant

Unit composition 1 share + 1/3 warrant Each unit: one Class A ordinary share and one-third warrant

Nasdaq trading start February 6, 2026 Units began trading on Nasdaq Global Market

SEC effectiveness date January 30, 2026 Registration statement declared effective by SEC

Market Reality Check

Price: $9.99 Vol: Volume 9,968,549 is in li...

normal vol

$9.99 Last Close

Volume Volume 9,968,549 is in line with 20-day average 9,971,249. normal

Technical Price at 9.95 is essentially in line with 200-day MA of 9.95.

Market Pulse Summary

This announcement confirms the closing of Cambridge Acquisition Corp.’s IPO, raising $230,000,000 at...

Analysis

This announcement confirms the closing of Cambridge Acquisition Corp.’s IPO, raising $230,000,000 at $10.00 per unit, each with one Class A share and one-third of a warrant exercisable at $11.50. The units began trading on Nasdaq on February 6, 2026. Investors following this vehicle may focus on subsequent disclosures on its acquisition strategy, warrant terms, and future SEC filings related to potential business combinations.

Key Terms

special purpose acquisition company, over-allotment option, redeemable warrant, registration statement, +4 more

8 terms

special purpose acquisition company financial

"a newly organized special purpose acquisition company formed as a Cayman Islands"

A special purpose acquisition company (SPAC) is a company formed with the sole purpose of raising money through a public offering to buy or merge with an existing private business. It acts like a vehicle that allows private companies to go public more quickly and with less complexity. For investors, it offers an opportunity to invest early in a potential acquisition, though it also carries risks if the intended deal doesn’t materialize.

over-allotment option financial

"includes 3,000,000 units issued pursuant to the full exercise by the underwriters of their over-allotment option"

An over-allotment option is a special agreement that allows underwriters to sell more shares than initially planned if demand is high. Think of it like a retailer offering extra units of a popular product to meet additional customer interest. This option helps ensure the full sale is completed and can also give investors extra shares if they want more.

redeemable warrant financial

"one Class A ordinary share and one-third of one redeemable warrant"

A redeemable warrant is a financial tool that gives its holder the right to buy shares of a company at a fixed price within a certain period. If the holder chooses to do so, the company can buy back or cancel the warrant before it expires, often to encourage investment or manage share issuance. For investors, it provides an option to potentially buy shares at a favorable price while offering some flexibility for the issuing company.

registration statement regulatory

"A registration statement relating to the securities sold in the initial public offering was declared effective"

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

prospectus regulatory

"The offering was made only by means of a prospectus, copies of which may be obtained"

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

Nasdaq financial

"Global Market tier of the Nasdaq Stock Market (“Nasdaq”) under the ticker symbol"

The Nasdaq is a stock exchange where many companies' shares are bought and sold, functioning much like a marketplace for investments. It matters to investors because it provides a platform to buy and sell ownership stakes in companies, helping them track the value of those companies and make informed decisions. As one of the largest and most technology-focused markets, it also reflects trends and developments in the business world.

book-running manager financial

"BTIG, LLC acted as sole book-running manager for the offering"

A book-running manager is the lead organizer responsible for coordinating a large financial sale, such as issuing new stocks or bonds. They oversee preparing all necessary documents, setting the sale’s price, and finding buyers, much like a concert promoter arranging a major event. Their role matters to investors because they help ensure the offering is successfully sold at the best possible terms.

warrants financial

"the ordinary shares and the warrants are expected to be traded on Nasdaq under the symbols"

Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.

AI-generated analysis. Not financial advice.

BOSTON, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Cambridge Acquisition Corp. (the “Company”), a newly organized special purpose acquisition company formed as a Cayman Islands exempted company and led by Chairman, Michael Cam- Phung, Chief Executive Officer, Brent Michael Cox and Chief Financial Officer, Anthony Michael Naimo, today announced the closing of its initial public offering of 23,000,000 units, which includes 3,000,000 units issued pursuant to the full exercise by the underwriters of their over-allotment option, at an offering price of $10.00 per unit, resulting in gross proceeds of $230,000,000.

The units began trading on the Global Market tier of the Nasdaq Stock Market (“Nasdaq”) under the ticker symbol “CAQUU” on February 6, 2026. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at $11.50 per share. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities comprising the units begin separate trading, the ordinary shares and the warrants are expected to be traded on Nasdaq under the symbols “CAQ” and “CAQUW,” respectively.

BTIG, LLC acted as sole book-running manager for the offering.

A registration statement relating to the securities sold in the initial public offering was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on January 30, 2026. The offering was made only by means of a prospectus, copies of which may be obtained from: BTIG, LLC, 65 East 55th Street, New York, New York 10022, or by email at ProspectusDelivery@btig.com, or by accessing the SEC’s website at www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Cambridge Acquisition Corp.

Cambridge Acquisition Corp. is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the Company’s initial public offering (“IPO”) and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the IPO filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contacts:

Brent Michael Cox
One Liberty Square, 13th FL
Boston, MA 02109
Telephone: (617) 396-4911 

FAQ

What did Cambridge Acquisition Corp announce about its IPO and ticker CAQUU on February 6, 2026?

The company completed an IPO of 23,000,000 units, priced at $10.00 per unit. According to the company, units began trading on Nasdaq Global Market under CAQUU on February 6, 2026, generating $230 million in gross proceeds.

How are the CAQUU units structured and what are the warrant terms for CAQUW?

Each unit includes one Class A ordinary share and one-third of a redeemable warrant. According to the company, each whole warrant entitles the holder to buy one share at an exercise price of $11.50.

Who managed the Cambridge Acquisition Corp IPO and when was the SEC registration effective?

BTIG, LLC served as sole book-running manager for the offering. According to the company, the SEC declared the registration statement effective on January 30, 2026.

Will Cambridge Acquisition Corp shares and warrants trade separately after listing and under which symbols?

Yes. According to the company, once separated, the ordinary shares are expected to trade as CAQ and the warrants as CAQUW on Nasdaq following unit separation.

How much additional supply was created by the underwriters' over-allotment in the CAQUU offering?

The underwriters fully exercised their over-allotment option for 3,000,000 units. According to the company, this exercise increased the total units sold to 23,000,000, contributing to the $230 million gross proceeds.