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Cambridge Acquisition Corp.CAQ

Class A CAQCIK 0002100125

Cash in trust

$233.2M

$233,182,130

Trust per share

Redemption value

IPO

Feb 2026

Combination deadline

Feb 9, 2028

523 days remaining

Filings on record

30

Latest Aug 13, 2026

Overview

Cambridge Acquisition Corp. is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002100125. It completed its initial public offering in Feb 2026 and listing on Nasdaq. Class A shares trade under the ticker CAQ on Nasdaq. The vehicle is sponsored by Cambridge through Cambridge Sponsor LLC. The mandate targets technology, consumer. IPO closed, trust funded, no definitive agreement announced.

We intend to focus on industries that complement our management team’s background - in particular, high-growth, recession-resilient subsectors that are transitioning from misunderstood or underserved to mainstream markets.
The mandate, as stated in the IPO prospectus

Reading the filings

Arithmetic on what Cambridge Acquisition Corp. has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.

  • Time on the clock

    523 days to the Feb 9, 2028 deadline. The vehicle is early in its search window, and the deadline is not yet the binding constraint.

  • Warrant coverage

    Each unit carried one-third of one warrant per unit. Warrants are dilution deferred: they cost the holder nothing until exercised, and they overhang the post-combination share count. Thinner coverage is generally a sign of a stronger book at pricing.

  • Sponsor record

    Cambridge has launched 3 vehicles. Of the 1 that have resolved, 0 closed a combination and 1 liquidated, a 0% completion rate. A sponsor's record is not a forecast, but it does tell you whether the team has taken a deal across the line before.

  • Underwriting

    BTIG led the offering. It has been named on 68 SPAC IPOs, book-running 63 of them, and 13.8% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.

Scores

Recomputed 4m ago

Three readings of Cambridge Acquisition Corp., each an unweighted mean of the components shown beneath it, and each component a percentile against every live SPAC rather than an absolute we invented. They describe the setup, not the merit. How they are built

Edge

Elevated

How much does the structure protect a holder right now?

57/100

  • Runway81

    523 days

  • Sponsor record33

    0.0%

Edge reads the setup, not the business. A vehicle can score well on protection and still be a poor place to leave money once a deal closes.

FOMO

Low

How much attention is this vehicle attracting right now?

19/100

  • Filing activity38

    2 in 30 days

  • News coverage0

    0 stories in 30 days

Attention is not quality. FOMO rises on news volume and on the market paying above trust, both of which have preceded plenty of disappointments.

Potential

Moderate

How likely is this vehicle to complete a combination, and at what scale?

50/100

  • Sponsor record33

    0.0%

  • Lead bank record45

    13.8%

  • Bank franchise70

    68 SPAC mandates

  • Trust scale61

    $233M

  • Stage40

    searching

Potential is about execution, not about the target. It says nothing about whether the eventual deal is worth owning, because the target is usually unknown when the score is computed.

These are derived measures, not ratings of investment merit. They carry no view on the target, no price target and no recommendation, and a high score is not a reason to buy anything.

SEC filing history

Free tier: filings older than 24 hours
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001193125-26-349116

    Aug 13, 2026

    21d ago

    Open filing
  • 10-Q

    Quarterly report

    Accession 0001104659-26-094170

    Aug 11, 2026

    23d ago

    Open filing
  • SCHEDULE 13G/A

    Amended beneficial ownership report (passive)

    Accession 0001346554-26-000047

    May 15, 2026

    3mo ago

    Open filing
  • 10-Q

    Quarterly report

    Accession 0001104659-26-061515

    May 15, 2026

    3mo ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001104659-26-059873

    May 13, 2026

    3mo ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0000919574-26-002923

    May 13, 2026

    3mo ago

    Open filing
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001104659-26-036185

    Mar 27, 2026

    5mo ago

    Open filing
  • 10-K

    Annual report

    Accession 0001104659-26-036095

    Mar 27, 2026

    5mo ago

    Open filing
  • 4/A

    OWNERSHIP DOCUMENT

    Accession 0001104659-26-024126

    Mar 5, 2026

    6mo ago

    Open filing
  • 3/A

    OWNERSHIP DOCUMENT

    Accession 0001104659-26-024118

    Mar 5, 2026

    6mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001104659-26-017553

    Feb 19, 2026

    6mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001104659-26-017548

    Feb 19, 2026

    6mo ago

    Open filing
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001104659-26-015224

    Feb 13, 2026

    6mo ago

    Open filing
  • SCHEDULE 13D

    Beneficial ownership report (activist)

    Accession 0001104659-26-015225

    Feb 13, 2026

    6mo ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001346554-26-000014

    Feb 12, 2026

    6mo ago

    Open filing
  • 4

    Statement of changes in beneficial ownership

    Accession 0001104659-26-012767

    Feb 10, 2026

    6mo ago

    Open filing
  • 8-K

    Entry into a material definitive agreement; Other events

    Items 1.01, 3.02, 5.03, 8.01, 9.01 · Accession 0001104659-26-012751

    Feb 10, 2026

    6mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001104659-26-011596

    Feb 6, 2026

    6mo ago

    Open filing
  • 424B4

    Final IPO prospectus

    Accession 0001104659-26-011571

    Feb 6, 2026

    6mo ago

    Open filing
  • CERT

    Exchange listing certification

    Accession 0001354457-26-000145

    Feb 5, 2026

    7mo ago

    Open filing
  • 8-A12B

    Registration of securities on an exchange

    Accession 0001104659-26-010894

    Feb 5, 2026

    7mo ago

    Open filing
  • EFFECT

    Notice of effectiveness

    Accession 9999999995-26-000395

    Feb 2, 2026

    7mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001104659-26-008800

    Jan 31, 2026

    7mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001104659-26-008799

    Jan 31, 2026

    7mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001104659-26-008797

    Jan 31, 2026

    7mo ago

    Open filing
  • CORRESP

    Correspondence with SEC staff

    Accession 0001104659-26-008485

    Jan 30, 2026

    7mo ago

    Open filing
  • CORRESP

    Correspondence with SEC staff

    Accession 0001104659-26-008483

    Jan 30, 2026

    7mo ago

    Open filing
  • S-1/A

    S-1/A

    Accession 0001104659-26-008187

    Jan 30, 2026

    7mo ago

    Open filing
  • UPLOAD

    SEC staff comment letter

    Accession 0000000000-26-000881

    Jan 27, 2026

    7mo ago

    Open filing
  • S-1

    Registration statement for the initial public offering

    Accession 0001104659-25-121217

    Dec 15, 2025

    8mo ago

    Open filing

Cambridge Acquisition Corp.: questions answered

What is Cambridge Acquisition Corp. (CAQ)?

Cambridge Acquisition Corp. is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002100125. It completed its initial public offering in Feb 2026 and listing on Nasdaq. Class A shares trade under the ticker CAQ on Nasdaq. The vehicle is sponsored by Cambridge through Cambridge Sponsor LLC. The mandate targets technology, consumer. IPO closed, trust funded, no definitive agreement announced.

How much does Cambridge Acquisition Corp. hold in trust?

Approximately $233,182,130, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.

When must Cambridge Acquisition Corp. complete a merger?

By Feb 9, 2028. If no combination closes by then the sponsor must seek a further extension or wind the vehicle up and return the trust.

What happens if Cambridge Acquisition Corp. does not find a target in time?

The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.

Can I redeem shares in Cambridge Acquisition Corp., and at what price?

Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.

What tickers does Cambridge Acquisition Corp. trade under?

Class A shares trade as CAQ on Nasdaq. Units trade first and separate into their component securities roughly 52 days after the IPO; only the Class A shares carry the redemption right against the trust.

Is the trust value the same as the share price for Cambridge Acquisition Corp.?

No. Trust per share is a disclosed, contractual figure: what a redeeming holder receives. The market price is whatever the shares change hands at, which can sit above the trust when a deal is well received or below it when the market doubts one will close. We do not have a current quote for this vehicle, so no spread is shown.

How much dilution do Cambridge Acquisition Corp.'s founder shares and warrants create?

Each unit also carried one-third of one warrant per unit, which is dilution deferred until exercise. Both are disclosed in the prospectus and both survive into the combined company, which is why a de-SPAC at $10 is not economically the same as an IPO at $10.

Who sponsors Cambridge Acquisition Corp., and what is their track record?

Cambridge Sponsor LLC is the sponsor entity, part of the Cambridge franchise. That franchise has launched 3 vehicles in total, of which 0 closed a combination and 1 liquidated, a 0% completion rate on resolved vehicles. Named principals: Benjamin Gordon, Brent Michael Cox, Michael Cam- Phung.

Which banks underwrote the Cambridge Acquisition Corp. IPO?

BTIG. BTIG was credited as book-running manager on the cover. Syndicate membership and role are read from the prospectus cover and the underwriting section.

Is Cambridge Acquisition Corp. tradeable, and where?

Yes. CAQ returned a live quote of $10.05 on Nasdaq. Quotes here are delayed and refreshed on a schedule rather than streamed, so treat the figure as indicative and confirm on your own venue. Units and warrants trade under their own symbols and are quoted separately.

Is Cambridge Acquisition Corp. a good investment?

That is not a question this site answers. Cambridge Acquisition Corp. is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.

Where does this Cambridge Acquisition Corp. data come from?

Filings Cambridge Acquisition Corp. submitted to the SEC under CIK 0002100125: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.

Compiled by the SPACListing research desk

Last reconciled Sep 4, 2026

Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.

Read the full methodology · What is in the dataset · Report a correction

SPACListing is a reference-data service, not an investment adviser. Nothing here is a recommendation to buy or sell any security.

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The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.