Cambridge Acquisition (NASDAQ:CAQUU) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Cambridge Acquisition (NASDAQ:CAQUU) to a hold rating in a research note released on Tuesday morning.

Cambridge Acquisition Stock Down 0.5%

NASDAQ:CAQUU opened at $9.92 on Tuesday. Cambridge Acquisition has a 1-year low of $9.91 and a 1-year 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.