Cambridge Acquisition Corp. closes $230 million IPO and places proceeds in trust
Cambridge Acquisition Corp., a blank check company, closed its initial public offering on February 9, 2026, selling 23,000,000 units at $10.00 each for gross proceeds of $230,000,000, including 3,000,000 units from the underwriters' full over-allotment exercise. The $230,000,000 was placed in a U.S.-based trust account, and the company has not yet selected a business combination target, so shareholder funds remain in the trust until a deal is completed or the company is wound up.
Key points
- IPO closed February 9, 2026: 23,000,000 units at $10.00 per unit, including 3,000,000 units from the full over-allotment exercise
- Gross proceeds of $230,000,000 placed in a trust account maintained by Continental Stock Transfer & Trust Company
- Private placement of 495,500 units to sponsor Cambridge Sponsor LLC for $4,955,000
- Company has not selected a business combination target and has 24 months from the IPO closing to complete one
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 13, 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.