STOCK TITAN

Cambridge Acquisition (NASDAQ: CAQUU) closes $230M SPAC IPO and trust funding

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Cambridge Acquisition Corp., a newly formed SPAC, completed its initial public offering of 23,000,000 units at $10.00 per unit, generating $230,000,000 in gross proceeds. Each unit includes one Class A ordinary share and one-third of a redeemable warrant exercisable at $11.50 per share.

The company simultaneously sold 495,500 private units to its sponsor at $10.00 per unit for $4,955,000. As of February 9, 2026, $230,000,000, including $8,050,000 in deferred underwriting commissions, was placed in a trust account for the benefit of public shareholders.

Positive

  • None.

Negative

  • None.

Insights

Cambridge Acquisition raises $230M in a SPAC IPO and secures sponsor capital alongside standard SPAC governance agreements.

Cambridge Acquisition Corp. completed a SPAC IPO of 23,000,000 units at $10.00 each, for gross proceeds of $230,000,000. Each unit bundles one Class A share with one-third of a warrant exercisable at $11.50 per share, a typical SPAC incentive structure for public investors.

In parallel, the sponsor purchased 495,500 private units for $4,955,000. The company states that $230,000,000, including $8,050,000 of deferred underwriting commissions, was deposited in a trust account as of February 9, 2026, aligning with standard SPAC protections for public shareholders until a business combination.

The company also put in place key agreements—an investment management trust agreement, registration rights agreement, indemnity agreements, and advisory and administrative service arrangements—on February 5, 2026. Future filings describing any proposed initial business combination will determine how this capital is ultimately deployed.

false --12-31 0002100125 00-0000000 0002100125 2026-02-05 2026-02-05 0002100125 caq:UnitsEachConsistingOfOneClassOrdinaryShareAndOnethirdOfOneRedeemableWarrantMember 2026-02-05 2026-02-05 0002100125 us-gaap:CommonStockMember 2026-02-05 2026-02-05 0002100125 caq:WarrantsEntitlingHolderToPurchaseOneClassOrdinaryShareAtPriceOf11.50PerShareMember 2026-02-05 2026-02-05 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 8-K

 

Current Report

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

February 5, 2026

Date of Report (Date of earliest event reported)

 

Cambridge Acquisition Corp.

(Exact Name of Registrant as Specified in its Charter)

 

Cayman Islands   001-43106   N/A
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (I.R.S. Employer
Identification No.)

 

One Liberty Square, 13th FL Boston, MA   02109
(Address of Principal Executive Offices)   (Zip Code)

 

Registrant’s telephone number, including area code: 617-396-4911

 

N/A

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act
   
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act
   
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
   
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading
Symbol(s)
  Name of each exchange on
which registered
Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant   CAQUU   The Nasdaq Stock Market LLC
Class A ordinary shares, par value $0.0001 per share   CAQ   The Nasdaq Stock Market LLC
Warrants entitling the holder to purchase one Class A ordinary share at a price of $11.50 per share   CAQUW   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company x

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

Item 1.01. Entry into a Material Definitive Agreement.

 

On February 9, 2026, Cambridge Acquisition Corp. (the “Company”) consummated its initial public offering (“IPO”), which consisted of 23,000,000 units (the “Units”), including 3,000,000 Units issued pursuant to the exercise in full by the underwriters of their over-allotment option. Each Unit consists of one Class A ordinary share, $0.0001 par value (“Class A Ordinary Share”) and one-third of one redeemable warrant of the Company, (each, a “Warrant”), with each whole Warrant entitling the holder thereof to purchase one Class A Ordinary Share for $11.50 per share (subject to adjustment). The Units were sold at an offering price of $10.00 per Unit, generating gross proceeds of $230,000,000.

 

In connection with the IPO, the Company entered into the following agreements, forms of which were previously filed as exhibits to the Company’s registration statements on Form S-1, File No. 333-292147, as amended (the “Registration Statements”), filed with the U.S. Securities and Exchange Commission:

 

· Underwriting Agreement, dated February 5, 2026, by and between the Company and BTIG, LLC, as representative of the underwriters (“BTIG”), a copy of which is attached as Exhibit 1.1 hereto and incorporated herein by reference;
   
· Warrant Agreement, dated as of February 5, 2026, by and between the Company and Continental Stock Transfer & Trust Company, as warrant agent, a copy of which is attached as Exhibit 4.1 and incorporated herein by reference;
   
· Letter Agreement, dated February 5, 2026, by and among the Company, Cambridge Sponsor LLC (the “Sponsor”), the initial shareholders and the officers and directors of the Company, a copy of which is attached as Exhibit 10.1 and incorporated herein by reference;
   
· Investment Management Trust Agreement, dated as of February 5, 2026, by and between the Company and Continental Stock Transfer & Trust Company, as trustee, a copy of which is attached as Exhibit 10.2 and incorporated herein by reference;
   
· Registration Rights Agreement, dated as of February 5, 2026, by and among the Company and certain security holders of the Company, a copy of which is attached as Exhibit 10.3 and incorporated herein by reference;
   
· Private Units Subscription Agreement, dated February 5, 2026, by and between the Company and the Sponsor, a copy of which is attached as Exhibit 10.4 and incorporated herein by reference;  
   
· Indemnity Agreements, dated as of February 5, 2026, by and among the Company and each of the officers and directors of the Company, a copy of which is attached as Exhibit 10.5 and incorporated herein by reference.  
   
· Administrative Services Agreement, date February 5, 2026, by and between the Company and Cambridge Sponsor LLC, a copy of which is attached as Exhibit 10.6 hereto and incorporated by reference.    
   
 · Advisory Services Agreement dated, February 5, 2026, by and between the Company and Subtext Advisors LLC, a copy of which is attached as Exhibit 10.7 here to and incorporated herein by reference.
   
· Advisory Services Agreement dated, February 5, 2026, by and between the Company and TPE Partners LLC, a copy of which is attached as Exhibit 10.8 here to and incorporated herein by reference.

 

1

 

As of February 9, 2026, a total of $230,000,000 of the net proceeds from the IPO and the Private Placement (as defined below), which amount included $8,050,000 in deferred underwriting commissions, was deposited in a trust account established for the benefit of the Company’s public shareholders. An audited balance sheet as of February 9, 2026, reflecting receipt of the proceeds upon consummation of the IPO and the Private Placement will be filed within four (4) business days of the consummation of the IPO.

 

Item 3.02. Unregistered Sales of Equity Securities.

 

Simultaneously with the closing of the IPO, the Company consummated a private placement (the “Private Placement”) of an aggregate of 495,500 units (the “Private Units”) to the Sponsor, at a price of $10.00 per Private Unit, generating total proceeds of $4,955,000. Each Private Unit consists of one Class A Ordinary Share and one-third of one redeemable Warrant, with each whole Warrant entitling the holder thereof to purchase one Class A Ordinary Share for $11.50 per share (subject to adjustment).

 

The Private Units are identical to the Units sold in the IPO except with respect to certain registration rights and transfer restrictions, as described in the Registration Statements. Additionally, such holders agreed not to transfer, assign or sell any of the Private Units or underlying securities (except in limited circumstances, as described in the Registration Statements) until 30 days after the completion of the Company’s initial business combination. The holders were granted certain demand and piggyback registration rights in connection with the purchase of the Private Units and the underlying securities.

 

The Private Units were sold pursuant to Section 4(a)(2) of the Securities Act, as the transaction did not involve a public offering.

 

Item 5.03. Amendments to Certificate of Incorporation or Bylaws; Change in Fiscal Year.

 

On February 9, 2026, and in connection with the IPO, the Company adopted its Amended and Restated Memorandum and Articles of Association. The Amended and Restated Memorandum and Articles of Association are filed herewith as Exhibit 3.1 and are incorporated by reference herein.

 

Item 8.01. Other Events.

 

On February 6, 2026, the Company issued a press release announcing the pricing of the IPO, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K.

 

On February 9, 2026, the Company issued a press release announcing the closing of the IPO, a copy of which is attached as Exhibit 99.2 to this Current Report on Form 8-K.

 

2

 

Item 9.01. Financial Statements and Exhibits.

 

Exhibit
No.
  Description
1.1   Underwriting Agreement, dated February 5, 2026, by and between the Company and BTIG, LLC, as representative of the underwriters
     
3.1   Amended and Restated Memorandum and Articles of Association
     
4.1   Warrant Agreement, dated as of February 5, 2026, by and between the Company and Continental Stock Transfer & Trust Company, as warrant agent
     
10.1   Letter Agreement, dated February 5, 2026, by and among the Company, Cambridge Sponsor LLC, the initial shareholders and the officers and directors of the Company
     
10.2   Investment Management Trust Agreement, dated as of February 5, 2026, by and between the Company and Continental Stock Transfer & Trust Company, as trustee
     
10.3   Registration Rights Agreement, dated as of February 5, 2026, by and among the Company and certain security holders of the Company
     
10.4   Private Units Subscription Agreement, dated February 5, 2026, by and between the Company and Cambridge Sponsor LLC
     
10.5   Form of Indemnity Agreement, dated as of February 5, 2026, by and between the Company and each of the officers and directors of the Company
     
10.6   Administrative Services Agreement, dated February 5, 2026, by and between the Company and  Cambridge Sponsor LLC
     
10.7   Advisory Services Agreement dated, February 5, 2026, by and between the Company and Subtext Advisors LLC
     
10.8   Advisory Services Agreement dated, February 5, 2026, by and between the Company and TPE Partners LLC
     
99.1   Press Release Dated February 6, 2026
     
99.2   Press Release Dated February 9, 2026
     
104   The cover page from this Current Report on Form 8-K, formatted in Inline XBRL

 

3

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: February 10, 2026

 

Cambridge Acquisition Corp.  
     
By: /s/ Brent Cox  
Name: Brent Cox  
Title: Chief Executive Officer  

 

4

 

 

Exhibit 99.1

 

Cambridge Acquisition Corp. Announces the Pricing of

$200 Million Initial Public Offering

 

New York, NY, February 6, 2026 – 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

 

 

 

Exhibit 99.2

 

Cambridge Acquisition Corp. Announces Closing of

$230 Million Initial Public Offering

 

Boston, MA, February 9, 2026 – 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. (CAQUU) announce in its 8-K filing?

Cambridge Acquisition Corp. reported closing its SPAC initial public offering of 23,000,000 units at $10.00 each, raising $230,000,000 in gross proceeds. It also detailed a concurrent private placement and related governance and service agreements supporting its blank check structure.

How much capital did Cambridge Acquisition Corp. (CAQUU) raise in its SPAC IPO?

The company raised $230,000,000 in gross proceeds by selling 23,000,000 units at $10.00 per unit. This total includes 3,000,000 units issued when underwriters fully exercised their over-allotment option, expanding the initial $200,000,000 base offering size disclosed at pricing.

What are the key terms of Cambridge Acquisition Corp. (CAQUU) units and warrants?

Each unit consists of one Class A ordinary share and one-third of a redeemable warrant. Every whole warrant allows the holder to buy one Class A ordinary share at $11.50 per share. No fractional warrants will trade, so investors must hold units in multiples of three.

How much money did Cambridge Acquisition Corp. (CAQUU) place in its trust account?

As of February 9, 2026, Cambridge Acquisition Corp. deposited $230,000,000 into a trust account for public shareholders’ benefit. This amount includes $8,050,000 in deferred underwriting commissions, which are payable only upon completion of a successful initial business combination.

What private placement did the sponsor of Cambridge Acquisition Corp. (CAQUU) complete?

Simultaneously with the IPO closing, the sponsor bought 495,500 private units at $10.00 per unit, generating $4,955,000 in proceeds. Each private unit mirrors a public unit but carries different registration rights, transfer restrictions, and a lock-up until 30 days after a business combination.

What governance and service agreements did Cambridge Acquisition Corp. (CAQUU) enter into?

The company entered an underwriting agreement, warrant agreement, trust agreement, registration rights agreement, letter agreement with insiders, indemnity agreements, and administrative and advisory services agreements. All were dated around February 5, 2026, and support the operation and oversight of the SPAC structure.

Filing Exhibits & Attachments

17 documents
Cambridge Acquisition Corp

NASDAQ:CAQUU

CAQUU Rankings

CAQUU Latest News

CAQUU Latest SEC Filings

CAQUU Stock Data