[Form 4/A] Cambridge Acquisition Corp. Amended Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4/A
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 495,500 shares ($4,955,000)
Net Buy
1 txn
Insider
Cam-Phung Michael Tam, Cambridge Sponsor LLC
Role
Director, 10% Owner | 10% Owner
Bought
495,500 shs ($4.96M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Ordinary Shares | 495,500 | $10.00 | $4.96M |
Holdings After Transaction:
Class A Ordinary Shares — 495,500 shares (Indirect, See footnote)
Footnotes (1)
- 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. 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. 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.