Cambridge Acquisition Corp. Reports $2.17 Million Net Income for Quarter Ending June 30, 2026

Cambridge Acquisition Corp. reported its financial results for the quarter ending June 30, 2026, revealing a net income of $2.17 million, driven primarily by interest income from its Trust Account. The company generated $2.42 million in interest from cash and investments held in the Trust Account, while incurring $253,224 in formation and administrative costs. This marks a significant increase in net income compared to the previous fiscal period, where the company had not yet commenced operations or generated revenue.

The company completed its Initial Public Offering (IPO) on February 9, 2026, raising $230 million by selling 23 million Public Units, which included the full exercise of an Over-Allotment Option. Additionally, it raised $4.95 million through a Private Placement of 495,500 units to its Sponsor. As of June 30, 2026, Cambridge Acquisition Corp. had total assets of $234.2 million, a substantial increase from $69.6 million at the end of the previous fiscal year, primarily due to the funds raised during the IPO.

Operationally, the company has not yet identified a target for its initial business combination, which it must complete by February 9, 2028. As of the reporting date, it had $233.2 million in cash and investments held in the Trust Account, which is intended for use in the business combination. The company has also incurred $11.7 million in transaction costs related to the IPO, including underwriting fees and other offering costs. The total liabilities stood at $8.33 million, reflecting the costs associated with the IPO and other operational expenses.

Cambridge Acquisition Corp. is classified as a smaller reporting company and an emerging growth company, allowing it to take advantage of certain regulatory exemptions. The company has indicated that it may need to raise additional funds to meet its operational needs or to complete its business combination, depending on the costs associated with identifying and negotiating with potential acquisition targets. The management remains optimistic about its ability to complete a business combination within the stipulated timeframe, although it acknowledges the inherent risks associated with early-stage companies.

Looking ahead, the company plans to utilize the funds in its Trust Account primarily for the business combination and related operational expenses. It has also established a working capital of $848,532 as of June 30, 2026, which it intends to use for due diligence and other costs associated with potential acquisition candidates. The management team is actively evaluating opportunities across various industries, aiming to leverage market conditions that may present significant growth potential.