Cambridge Acquisition Corp. 8-K

What Happened
Cambridge Acquisition Corp. announced the closing of its initial public offering (IPO) on February 9, 2026. The offering consisted of 23,000,000 units (including a 3,000,000-unit over-allotment) sold at $10.00 per unit, and generated gross proceeds of $230,000,000. Each unit includes one Class A ordinary share and one‑third of a redeemable warrant (each whole warrant exercisable to buy one Class A share at $11.50, subject to adjustment). The company also completed a simultaneous private placement of 495,500 units to its sponsor.

Key Details

• IPO size: 23,000,000 Units at $10.00 each; includes 3,000,000 Units from underwriters’ over-allotment.
• Private placement: 495,500 Private Units to Cambridge Sponsor LLC for $4,955,000 (sold under Section 4(a)(2)).
• Trust deposit: $230,000,000 of net proceeds (including $8,050,000 in deferred underwriting commissions) was deposited into the company’s trust account for public shareholders as of February 9, 2026. An audited balance sheet reflecting these proceeds will be filed within four business days.
• Agreements and governance: Underwriting Agreement with BTIG, LLC; Warrant Agent and Trustee is Continental Stock Transfer & Trust Company; company adopted Amended and Restated Memorandum and Articles of Association on Feb 9, 2026. Press releases announcing pricing and closing were issued Feb 6 and Feb 9, 2026.

Why It Matters
This filing confirms Cambridge Acquisition Corp. is now a publicly traded blank check (SPAC) with capital held in trust to pursue an initial business combination. The unit and warrant structure, the $11.50 warrant exercise price, the sponsor private units and their lock-up/registration rights, and the trust deposit are all material facts investors use to assess potential dilution, timing of a business combination, and the company’s cash available for a target acquisition.