Cambridge Acquisition Corp. reported net income of $510262 for the quarter ended March 31, 2026, and diluted earnings of $0.02 per Class A ordinary share. As a blank‑check SPAC, the company recorded no operating revenue for the period and maintained trust assets to support an initial business combination.
Financial Highlights
- Net income: $510,262 for the three months ended March 31, 2026.
- Diluted EPS: $0.02 diluted net income per Class A Ordinary Share for the three months ended March 31, 2026.
- Revenue: Not reported for the three months ended March 31, 2026 (company is a blank‑check SPAC; no operating revenues).
Business Highlights
- Business model: Targeting industry‑agnostic business combination opportunities with emphasis on underserved sectors experiencing structural shifts.
- Liquidity & deal readiness: Approximately $230M held in trust to finance an initial business combination and support post‑merger operations.
- Operational activity: Completed IPO, separated trading of shares and warrants, and is actively sourcing, diligencing and negotiating acquisition targets.
- Public company costs: Incurred expected public‑company expenses and advisory fees, with operational spend focused on deal sourcing, due diligence and transaction execution.
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.