Cambridge Acquisition Corp. (CAQUW) — Quarterly Report

Key Insights

• Cambridge Acquisition Corp. completed its IPO on February 9, 2026, raising capital through the issuance of Class A ordinary shares, private placement warrants, and public warrants, establishing the foundation for a future business combination.
• The company maintains a sponsor-backed structure with founder shares held by the sponsor and working capital loans available up to a specified maximum, indicating typical SPAC capitalization and governance arrangements for acquisition purposes.
• As of March 31, 2026, the company holds cash, money market funds, and U.S. Treasury securities in its trust account, demonstrating financial stability while the company seeks an appropriate merger or acquisition target.
• The filing reveals complex warrant structures (public and private placement) with Level 3 fair value measurements based on share price, volatility, risk-free rates, and probability of de-SPAC events, indicating significant valuation complexity for derivative securities.