Blank check company Cambridge Capital Acquisition files and sets terms for $70 million IPO

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Cambridge Capital Acquisition, a blank check company formed to acquire businesses in the transportation and logistics industry, announced terms for its IPO on Thursday. The West Palm Beach, FL-based company plans to raise $70 million by offering 7.0 million shares at $10 per share. At the midpoint of the proposed range, Cambridge Capital Acquisition would command a market value of $90 million.

Cambridge Capital Acquisition, which was founded in 2013, plans to list on the NASDAQ but has yet to announce a ticker. EarlyBird Capital is the sole bookrunner on the deal.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

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