Cambridge Acquisition Corp. FORM 10-Q for the Quarterly Period Ended March 31, 2026
Cambridge Acquisition Corp. (CAQUU) filed its quarterly report for the period ended March 31, 2026. As of March 31, 2026, the company had a cash balance of $[amount] and a total assets of $[amount]. The company reported a net loss of $[amount] for the quarter, primarily due to expenses related to its business operations and administrative costs. As of March 31, 2026, the company had 17,424,866 Class A Ordinary Shares and 7,666,667 Class B Ordinary Shares issued and outstanding. The company’s financial statements are presented in accordance with US GAAP and include the notes to the financial statements, which provide additional information about the company’s financial position and results of operations.
Overview
Cambridge Acquisition Corp. (the “Company”) is a blank check company incorporated in the Cayman Islands on October 24, 2025. The Company was formed for the purpose of effecting a business combination. Although the Company is not limited to a particular industry or sector, it is focusing its search on industries where cultural, regulatory, and technological shifts are unlocking significant market potential, yet capital scarcity and stigma have limited institutional participation.
Key Highlights:
- The Company completed its Initial Public Offering (IPO) on February 9, 2026, raising $230 million by issuing 23 million public units at $10 per unit.
- Simultaneously, the Company completed a private placement of 495,500 units to the Sponsor, raising an additional $4.955 million.
- The net proceeds from the IPO and private placement were placed in a trust account, which will be used to fund the Company’s initial business combination.
- The Company has until February 9, 2028 (24 months from the IPO) to complete a business combination, or it will be required to redeem the public shares and liquidate.
- As of March 31, 2026, the Company had $230.8 million in the trust account and $949,401 in cash held outside the trust account.
- The Company has not yet engaged in any operations or generated any revenue, and its only activities have been organizational and related to the IPO and the search for a business combination target.
Financial Performance:
| Metric | Q1 2026 |
|---|---|
| Net Income | $510,262 |
| Interest Income | $761,174 |
| Formation, General and Administrative Costs | $250,912 |
The Company’s net income for the three months ended March 31, 2026, was $510,262, which consisted of $761,174 in interest income on the funds held in the trust account, offset by $250,912 in formation, general, and administrative costs.
Strengths and Weaknesses:
Strengths:
- Significant capital raised through the IPO and private placement, providing ample resources to pursue a business combination.
- Experienced management team with expertise in identifying and evaluating potential acquisition targets.
- Flexibility to pursue a wide range of industries and sectors for the initial business combination.
Weaknesses:
- The Company has not yet identified a specific target for its business combination, which creates uncertainty about its future direction.
- The Company is subject to the risk of not being able to complete a business combination within the 24-month time frame, which could result in the liquidation of the trust account and the dissolution of the Company.
- The Company’s lack of operating history and revenue generation may make it challenging to attract potential acquisition targets.
Outlook:
The Company’s success will depend on its ability to identify and complete a successful business combination within the 24-month time frame. If the Company is unable to do so, it will be required to redeem the public shares and liquidate. The Company’s management team is actively searching for a suitable target, and the Company’s significant financial resources provide it with the flexibility to pursue a wide range of opportunities. However, the Company’s lack of operating history and the inherent risks associated with a blank check company may present challenges in the search for and execution of a business combination.
