secwatch.observer — SEC 8-K summary
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Issuer:     Cal Redwood Acquisition Corp. (CRAQ)
CIK:        0002058359
Form:       8-K
Filed at:   2025-06-02T23:59:59+00:00
Accession:  0001213900-25-050126
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cal Redwood Acquisition Corp. completes $230M IPO and $6.6M private placement
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- IPO of 23M units at $10 each ($230M gross), including full over-allotment; each unit consists of one Class A share and one right.
- Private placement of 660K units at $10 each ($6.6M) to sponsor and underwriters; funds support working capital and merger costs.
- Net proceeds of $230M placed in trust account; company has 24 months to complete an initial business combination.
- Audited balance sheet shows $231.9M total assets, $230M trust, $521k cash, and $7.8M accumulated deficit from formation costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2058359/000121390025050126/0001213900-25-050126-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2058359/000121390025050126/ea0243885-8k_calred.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-050126

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