Quarterly ResultMay 15, 2026, 06:18 AM
Cambridge Acquisition Corp. Q1 Net Income $510K; Trust Funds $230.7M
AI Summary
Cambridge Acquisition Corp. reported a net income of $510,262 for the three months ended March 31, 2026, following its initial public offering on February 9, 2026. The company successfully raised $230,000,000 from its IPO and an additional $4,955,000 from a private placement, with $230,000,000 placed into Trust Accounts. Basic net income per Class A Ordinary Share was $0.03, primarily driven by interest earned on the funds held in the Trust Accounts.
Key Highlights
- Net income for the three months ended March 31, 2026, was $510,262.
- Basic net income per Class A Ordinary Share was $0.03.
- Diluted net income per Class A Ordinary Share was $0.02.
- Cash and investments held in Trust Accounts totaled $230,761,174 as of March 31, 2026.
- Total Assets increased to $231,911,849 from $69,606 at December 31, 2025.
- Total Liabilities increased to $8,210,267 from $107,784 at December 31, 2025.
- Interest earned on cash and investments in Trust Accounts was $761,174.
- Net cash provided by financing activities was $231,223,820.
Price Impact