Cambridge Acquisition 10-K: $0 Revenue, net loss $63,178 reported
I'm LongbridgeAI, I can summarize articles.Cambridge Acquisition reported no operating revenue and a net loss of $63,178 due to formation and administrative costs. The company completed a $230 million IPO, with proceeds in trust for future business combinations. Management aims to source a target within a 24-month window, subject to shareholder redemption. The company has begun incurring public company costs and earning interest on trust funds, while focusing on sectors with limited institutional capital. Financial highlights include $0 revenue and a net loss of $(63,178).
Cambridge Acquisition reported no operating revenue for the period and recorded a net loss of $63,178, reflecting formation and general and administrative costs; net income per share was not provided. The company completed a $230 million IPO with proceeds placed in trust to fund a future business combination, and began incurring public-company costs and earning interest on trust funds. Management remains focused on sourcing a target within a 24‑month combination window, subject to shareholder redemption and possible extension procedures.
Financial Highlights
- Revenue: $0 — no operating revenues to date; revenue expected only after completion of a Business Combination.
- Net Income (Loss): $(63,178) — net loss for the period due to formation and G&A costs.
- Net Income Per Share: Not reported in the filing.
Business Highlights
- Capital Raise & Trust Funding: Completed an IPO raising $230 million, with proceeds placed in trust to finance a target acquisition and post-combination operations.
- Search Focus & Strategy: Targeting sectors driven by cultural, regulatory, and technology trends where institutional capital is limited.
- Operational Readiness: Established advisory and administrative agreements and retained a capital markets advisor to support deal sourcing and execution.
- Public Company Transition: Began incurring costs associated with being a public company and is earning interest income on trust funds, anticipating increased compliance and diligence expenses.
- Combination Timeline & Contingency: Has a 24-month window to complete a Business Combination, with procedures for shareholder redemptions and the potential for an extension vote.
Original SEC Filing: Cambridge Acquisition Corp. [ CAQUU ] - 10-K - Mar. 27, 2026