Cambridge Acquisition (NASDAQ:CAQUU) Raised to “Hold” at Wall Street Zen

Cambridge Acquisition (NASDAQ:CAQUU) was upgraded by equities research analysts at Wall Street Zen to a “hold” rating in a research note issued to investors on Tuesday.

Cambridge Acquisition Stock Down 0.4%

Shares of Cambridge Acquisition stock traded down $0.04 during midday trading on Tuesday, hitting $9.93. The company had a trading volume of 82,131 shares, compared to its average volume of 299,089. Cambridge Acquisition has a 12-month low of $9.91 and a 12-month high of $10.01.

About Cambridge Acquisition

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.