Cambridge Acquisition Corp. closes IPO of 23M units at $10/unit, raises $230M in trust

Cambridge Acquisition Corp.

IPO of 23,000,000 units at $10.00 each (incl. full over-allotment) generated $230M gross proceeds.
Sponsor purchased 495,500 private placement units at $10.00 each for $4.955M.
Trust account holds $230M as of Feb 9, 2026; cash outside trust is $1.28M.
Working capital of $1.11M; accumulated deficit of $6.87M.
Company has 24 months from closing to complete a business combination.

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