Cambridge Acquisition Corp. Amended Insider Trading Activity
Cambridge Acquisition Corp. reported that Cambridge Sponsor LLC bought 495,500 Class A ordinary shares indirectly in connection with 495,500 private placement units, each purchased at $10 per unit.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Cambridge Acquisition Corp. reported that Cambridge Sponsor LLC bought 495,500 Class A ordinary shares indirectly in connection with 495,500 private placement units, each purchased at $10 per unit. Each unit includes one Class A ordinary share and one-third of a warrant, with each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Ordinary Shares | 495,500 | $10.00 | $4.96M |
Footnotes (3)
- F1. Reflects the 495,500 Class A ordinary shares of Cambridge Acquisition Corp. (the "Issuer") that are included in the 495,500 private placement units of the Issuer purchased by Cambridge Sponsor LLC ("Sponsor"). Each private placement unit was purchased for $10 per unit and consists of one Class A ordinary share and one-third of a warrant, each whole warrant exercisable into one Class A ordinary share at an exercise price of $11.50 per ordinary share.
- F2. The Sponsor is the record holder of such shares. Michael Cam- Phung, as the managing member of the Sponsor, holds voting and investment discretion with respect to the ordinary shares held of record by the Sponsor. As such, Mr. Cam- Phung may be deemed to have beneficial ownership of the securities held of record by the Sponsor. Mr. Cam- Phung disclaims any beneficial ownership of the securities held by the Sponsor other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
- F3. Excludes 7,666,667 Class B ordinary shares of the Issuer held by the Sponsor acquired pursuant to a subscription agreement by and between the Issuer and the Sponsor.
AI-generated analysis. How Rhea-AI works. Not financial advice.