Cambridge Capital Acquisition Corporation (CAMBU) is a publicly-traded special purpose acquisition company (SPAC) based in the United States. The company was founded in 2018 and is focused on identifying and acquiring a target company in the technology, media, and telecommunications (TMT) industries.
As a SPAC, Cambridge Capital Acquisition Corporation was created solely for the purpose of raising capital through an initial public offering (IPO) with the goal of acquiring an existing company. The company typically has a two-year period to identify and complete a merger or acquisition, after which any uninvested funds are returned to investors.
As of today, CAMBU is still a publicly-traded company on the NASDAQ stock exchange under the ticker symbol CAMBU. However, it's worth noting that the stock market can be volatile, and the current status of any SPAC may fluctuate based on market conditions and the success of the merger or acquisition. Additionally, potential investors should carefully consider the risks associated with investing in a SPAC, including the risk of market fluctuations and the potential for investment losses. It's important to conduct thorough research and consult with a financial advisor before making any investment decisions.
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