Cambridge Acquisition Corp’s Lock-Up Period To Expire Tomorrow (NASDAQ:CAQUU)

Cambridge Acquisition’s (NASDAQ:CAQUU) lock-up period is set to end 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. After the end of Cambridge Acquisition’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Cambridge Acquisition Stock Performance

CAQUU opened at $10.00 on Tuesday. The business has a 50 day simple moving average of $10.01. Cambridge Acquisition has a 12-month low of $9.90 and a 12-month high of $10.75.

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.