Cambridge Acquisition Corp (CAQ) is a blank-check special purpose acquisition company incorporated as a Cayman Islands exempted company that was formed to identify and complete a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more target businesses. The company raised capital through an initial public offering, with proceeds held in a Trust Account pending completion of an initial Business Combination. Cambridge Acquisition Corp is managed by a sponsor, Cambridge Sponsor LLC, a Delaware limited liability company formed in October 2025, with key principals including Chairman Michael Cam-Phung, Chief Executive Officer Brent Michael Cox, and Chief Financial Officer Anthony Michael Naimo. The company's executive offices are located at One Liberty Square, 13th Floor, Boston, MA 02109, and it pays $10,000 per month to its Sponsor under an Administrative Services Agreement, dated February 5, 2026, for office space, utilities, and administrative support. The fiscal year covered by the 10-K filing ended December 31, 2025.

Revenue model

Cambridge Acquisition Corp generates no operating revenue. Capital from its IPO is held in a Trust Account and is returned to public shareholders upon redemption or deployed upon completion of an initial Business Combination. The Underwriters are entitled to a deferred fee of 3.50% of gross IPO proceeds, payable only upon completion of a Business Combination. The Sponsor pays $10,000 per month to cover office space and administrative costs under the Administrative Services Agreement.

Products and services

The company's sole activity is identifying and completing an initial Business Combination. It has no products or operating services. It holds IPO proceeds in a Trust Account invested pending a Business Combination. Advisory services are provided to the company under Advisory Services Agreements, dated February 5, 2026, with Subtext Advisors LLC (an affiliate of the CEO) and TPE Partners LLC (an affiliate of the Chairman).

Customers and end markets

The company has no commercial customers. Its stakeholders are its public shareholders (holders of Class A Ordinary Shares) and its Sponsor and affiliated parties holding Founder Shares and Private Placement Units. Target businesses for a potential Business Combination are required to provide audited financial statements prepared under GAAP or IFRS.

Value-chain role

Cambridge Acquisition Corp functions as a SPAC vehicle. It raises public capital through an IPO, holds proceeds in a Trust Account, and seeks to acquire or merge with a private operating business, providing that business with a path to public markets. The Sponsor, Cambridge Sponsor LLC, was formed specifically to invest in and manage the company.

Geographic exposure

Incorporated in the Cayman Islands, with executive offices in Boston, MA 02109 (as of the 10-K filed 2026-03-27). The company has received a 30-year tax exemption undertaking from the Cayman Islands government dated November 5, 2025. The filing notes risk factors relating to acquiring or operating a business in foreign countries, indicating a potential international acquisition focus.

Source: SEC 10-K, filed 2026-03-27

Industry: Blank Checks