Cambridge Acquisition Corp. ownership update: Tenor Capital Management Company, L.P., Tenor Opportunity Master Fund, Ltd. and Robin Shah report shared beneficial ownership of 1,000,000 shares, representing 4.3% of the Class A ordinary shares. The percentage is calculated using 23,495,500 shares issued and outstanding as of March 27, 2026.
The Shares are held by Tenor Opportunity Master Fund, Ltd.; Tenor Capital serves as the fund's investment manager and Robin Shah is affiliated as managing member. Each Reporting Person disclaims beneficial ownership except to the extent of any pecuniary interest.
Cambridge Acquisition Corp., a SPAC, reported net income of $510,262 for the three months ended March 31, 2026. Earnings came from $761,174 of interest on $230,761,174 held in trust, partly offset by $250,912 of formation, general and administrative costs.
The company raised $230,000,000 by selling 23,000,000 units at $10.00 each in its February 9, 2026 IPO and a further $4,955,000 from 495,500 private placement units. As of March 31, 2026, it held $949,401 in cash outside the trust and had working capital of $995,522, with a deadline of February 9, 2028 to complete a Business Combination or return funds to public shareholders.
Cambridge Acquisition Corp. reports that Magnetar-affiliated filers beneficially own 1,700,000 Class A ordinary shares as of March 31, 2026, representing approximately 7.23% of outstanding shares.
The filing states the outstanding share base used for the percentage was approximately 23,495,500 Shares per the issuer's Form 10-K filed on March 27, 2026.
Cambridge Acquisition Corp. (Class A) ownership disclosure: Adage Capital Management and affiliated reporting persons report beneficial ownership of 1,800,000 shares, representing 7.66% of the Class A Ordinary Shares.
The percentage is calculated using 23,495,500 Class A Ordinary Shares outstanding as of March 27, 2026. Ownership is reported as shared voting and dispositive power. The filing is a Schedule 13G and is signed May 13, 2026.
Cambridge Acquisition Corp. is allowing its SPAC units to begin separate trading. Starting March 30, 2026, investors who hold units trading under the symbol CAQUU may elect to split them into Class A ordinary shares and redeemable warrants.
The Class A ordinary shares will trade on the Nasdaq Global Market under the symbol CAQ, and the warrants will trade under CAQUW. Each whole warrant entitles the holder to buy one Class A ordinary share at $11.50 per share, and only whole warrants, not fractional ones, will trade.
Units that are not separated will continue to trade under CAQUU, so investors can choose whether to keep the bundled security or hold the shares and warrants independently.
Cambridge Acquisition Corp. is a Cayman Islands-based special purpose acquisition company formed in 2025 to complete a business combination within high-growth, recession-resilient sectors. It has not generated operating revenue and exists primarily to merge with or acquire one or more target businesses.
The company completed its IPO on February 9, 2026, selling 23,000,000 units at $10.00 each for gross proceeds of $230,000,000, and a concurrent private placement of 495,500 units for $4,955,000. A total of $230,000,000 was placed in a trust account to fund a future transaction.
Cambridge must complete an initial business combination by February 9, 2028 or liquidate and return trust funds to public shareholders. The structure includes Founder Shares with anti-dilution rights and private placement warrants, which can materially dilute public shareholders upon conversion or exercise, especially if additional equity is issued around the merger.