Cambridge Acquisition Corp. Announces the Pricing of $200 Million Initial Public Offering

Rhea-AI Summary

Cambridge Acquisition Corp. (NASDAQ: CAQUU) priced a $200 million initial public offering of 20,000,000 units at $10.00 per unit, each unit containing one Class A ordinary share and one-third of a redeemable warrant. Whole warrants exercise at $11.50 per share and will trade as CAQUW once separated.

The units are expected to begin trading on the Nasdaq Global Market on February 6, 2026, with closing targeted for February 9, 2026, subject to customary closing conditions. BTIG is sole book-running manager and a 45-day option covers up to 3,000,000 additional units for over-allotments.

Positive

• $200 million initial public offering priced
• Listing on Nasdaq Global Market under CAQUU
• 45-day 3,000,000-unit over-allotment option available
• Sole book-runner BTIG engaged for the offering

Negative

• Warrants exercisable at $11.50, creating potential dilution
• Closing is subject to customary conditions (target Feb 9, 2026)

NEW YORK, Feb. 06, 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 our Chairman, Michael Cam- Phung, Chief Executive Officer, Brent Michael Cox and Chief Financial Officer, Anthony Michael Naimo, today announced the pricing of its initial public offering of 20,000,000 units at an offering price of $10.00 per unit, with each unit consisting of one Class A ordinary share and one-third of one redeemable warrant. Each whole warrant will entitle the holder thereof to purchase one Class A ordinary share at $11.50 per share. The units are expected to trade on the Global Market tier of the Nasdaq Stock Market (“Nasdaq”) under the ticker symbol “CAQUU” beginning February 6, 2026. 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 is acting as sole book-running manager for the offering.

The Company has granted the underwriter a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments, if any. The offering is expected to close on February 9, 2026 subject to customary closing conditions.

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 is being made only by means of a prospectus. When available, copies of the prospectus 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, which we refer to throughout this prospectus as our initial business combination.

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. (CAQUU) price its IPO at and how many units were offered?

Cambridge Acquisition priced its IPO at $10.00 per unit for 20,000,000 units. According to the company, the offering raises $200 million before possible over-allotments and fees.

When will CAQUU begin trading on Nasdaq and what symbols will trade after separation?

Units are expected to start trading on Nasdaq on February 6, 2026 under CAQUU. According to the company, separated ordinary shares and warrants should trade as CAQ and CAQUW, respectively.

What are the warrant terms included with Cambridge Acquisition Corp. units (CAQUU)?

Each unit includes one-third of a redeemable warrant; whole warrants permit purchase at $11.50 per share. According to the company, only whole warrants will trade once separated from the units.

Who is managing the CAQUU IPO and is there an overallotment option?

BTIG is acting as sole book-running manager for the offering. According to the company, the underwriter has a 45-day option to buy up to 3,000,000 additional units to cover over-allotments.

When is the CAQUU offering expected to close and what conditions apply?

The offering is expected to close on February 9, 2026, subject to customary closing conditions. According to the company, closing depends on satisfying standard regulatory and transactional closing requirements.