ClearThink 1 Acquisition Corp. announced the closing of its initial public offering, selling 12.5 million units at $10.00 per unit for aggregate gross proceeds of $125 million. The units began trading on the Nasdaq Global Market on February 24, 2026, under the ticker symbol "CTAAU."
Each unit issued in the offering is composed of one Class A ordinary share and one right to receive one-fifth of one Class A ordinary share upon the consummation of the companys initial business combination. The company said that, once the components of the units start trading separately, the Class A ordinary shares are expected to trade under the symbol "CTAA" and the share rights under "CTAAR."
ClearThink 1 Acquisition Corp. is structured as a blank check company formed to pursue a merger, acquisition, or similar business combination with one or more operating businesses. The company stated it intends to concentrate on opportunities within the financial services sector in the United States and other developed countries, while noting it is not restricted to any single industry or geography.
D. Boral Capital served as the sole book-running manager for the offering. Legal counsel for the transaction included Ruskin Moscou Faltischek, P.C. as U.S. counsel for the company and Ogier (Cayman) LLP as Cayman Islands counsel. Sichenzia Ross Ference Carmel LLP represented the underwriters.
The offering was conducted pursuant to a final prospectus filed with the U.S. Securities and Exchange Commission. The information released by the company forms the basis of this report.
Context and mechanics
The deal issued units rather than separate shares and rights, a structure that allows investors immediate exposure to Class A shares while preserving a contingent entitlement tied to the successful completion of the sponsors planned business combination. The stated geographic and sector focus points to the types of targets the blank check vehicle will pursue, although its charter allows broader flexibility.
What to watch next
- Timing for the split of units into individually tradable Class A shares and share rights, at which point CTAA and CTAAR would begin separate trading.
- The companys identification and announcement of an initial business combination, which is the condition under which the contingent share rights convert into additional equity.
- Target selection within the financial services sector in the United States and other developed markets, consistent with the companys stated focus.