Cambridge Acquisition Corp’s (NASDAQ:CAQUU) Lock-Up Period To End on August 5th

Cambridge Acquisition’s (NASDAQ:CAQUU) lock-up period will expire on Wednesday, August 5th. Cambridge Acquisition had issued 20,000,000 shares in its initial public offering on February 6th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Cambridge Acquisition Stock Performance

Shares of NASDAQ CAQUU opened at $10.00 on Friday. Cambridge Acquisition has a 1 year low of $9.90 and a 1 year high of $10.75. The stock’s 50-day simple moving average is $10.01.

Cambridge Acquisition Company Profile

Cambridge Acquisition (Nasdaq: CAQUU) is a special purpose acquisition company (SPAC), commonly referred to as a blank-check company, that was formed to raise capital through a public offering and use the proceeds to effect a merger, stock purchase, asset acquisition, reorganization or similar business combination with one or more operating businesses. As with other SPACs, Cambridge Acquisition itself does not operate an ongoing commercial business; its primary activity is identifying, evaluating and completing a business combination that will result in an operating company becoming a publicly listed entity.

The units trading under the CAQUU ticker typically consist of shares of common stock and warrants or fractional warrants, which is a standard SPAC capital structure designed to provide initial capital and potential upside to public investors pending a business combination.