ClearThink 1 Acquisition Corp. (NASDAQ: CTAAU) announced the closing of its initial public offering, raising approximately $125 million in gross proceeds. The blank check company, formed to pursue a merger or acquisition, sold 12,500,000 units at $10.00 per unit, each consisting of one Class A ordinary share and one right to receive one-fifth of one Class A ordinary share upon completion of an initial business combination. The units began trading on the Nasdaq Global Market on Feb. 24, 2026, under the ticker symbol “CTAAU.”
On Feb. 27, 2026, the company closed on a partial over-allotment of 15,000 units, bringing the total offering size to 12,515,000 units. D. Boral Capital LLC served as the sole bookrunner for the offering. The Class A ordinary shares and share rights are expected to trade separately under the symbols “CTAA” and “CTAAR,” respectively.
ClearThink 1 Acquisition Corp. is a special purpose acquisition company (SPAC) that intends to focus on the financial services sector in the United States and other developed countries for its initial business combination. The company has stated it is not limited to a particular industry or geographic region but will prioritize opportunities in financial services.
The successful closing of the IPO provides ClearThink with significant capital to identify and execute a target acquisition. SPACs have become a popular vehicle for private companies to go public through a merger, offering an alternative to traditional IPOs. The funds raised will be held in trust until a business combination is completed.
For more details on the offering, visit the full press release at https://ibn.fm/yDS3I. Additional information about ClearThink 1 Acquisition Corp. can be found at https://clearthinkspacs.com/.
