Cambridge Acquisition Corp’s (NASDAQ:CAQUU) Quiet Period To End Tomorrow

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

Analysts Set New Price Targets

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

Cambridge Acquisition Stock Down 0.3%

Shares of CAQUU stock opened at $9.92 on Tuesday. Cambridge Acquisition has a 12 month low of $9.90 and a 12 month high of $10.02.

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.