Cambridge Acquisition Corp’s Quiet Period To End on March 18th (NASDAQ:CAQUU)

Cambridge Acquisition’s (NASDAQ:CAQUU) quiet period is set to expire on Wednesday, March 18th. Cambridge Acquisition had issued 20,000,000 shares in its IPO on February 6th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. During the company’s quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Cambridge Acquisition to a “hold” rating in a research report on Tuesday, February 17th.

Cambridge Acquisition Price Performance

CAQUU opened at $9.95 on Friday. Cambridge Acquisition has a one year low of $9.91 and a one year high of $10.02.

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.