Cambridge Acquisition closes $230 million IPO of 23 million units
Cambridge Acquisition Corp. closed its initial public offering of 23,000,000 units at $10.00 per unit on February 9, 2026, generating gross proceeds of $230,000,000. As of February 9, 2026, $230,000,000 of the IPO and private placement proceeds, including $8,050,000 in deferred underwriting commissions, was deposited in a trust account for public shareholders.
Key points
- Closed IPO of 23,000,000 units at $10.00 per unit, including 3,000,000 units from the full exercise of the over-allotment option, for gross proceeds of $230,000,000
- Private placement of 495,500 units to the Sponsor at $10.00 per unit, for total proceeds of $4,955,000
- $230,000,000 placed in trust, including $8,050,000 in deferred underwriting commissions
- Audited balance sheet reflecting receipt of proceeds to be filed within four business days of the IPO closing
The filing
Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 10, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.