Cal Redwood Acquisition Corp. does not have significant operations. It intends to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, ...
Cal Redwood Acquisition Corp. (CRAQ) is a blank check company incorporated as a Cayman Islands exempted company on March 3, 2025. As a special purpose acquisition company (SPAC), it was formed with the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination ...Cal Redwood Acquisition Corp. (CRAQ) is a blank check company incorporated as a Cayman Islands exempted company on March 3, 2025. As a special purpose acquisition company (SPAC), it was formed with the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company does not have any significant operations and is focused on identifying and acquiring a target company, with a particular emphasis on businesses within the technology, media, and telecommunications (TMT) industries. The company is headquartered in Menlo Park, California, and its management team is led by Chairman and President Vivek Ranadivé, who is also the founder of Bow Capital Management, and CEO and Director Daven Patel. The company completed its initial public offering (IPO) on May 23, 2025, pricing 20 million units at $10.00 per unit, raising $200 million in gross proceeds, with an additional $30 million from the full exercise of the underwriters' over-allotment option, bringing total IPO proceeds to $230 million. The IPO was led by Cohen Capital Markets. The funds from the IPO are held in trust and will be used to finance the business combination. As a SPAC, CRAQ has no revenue and minimal expenses, with a market capitalization of approximately $244 million as of the latest data. The company's financial metrics reflect its early stage, with negative operating cash flow and no product revenue. The company's success depends on its ability to identify and complete a suitable acquisition within its intended time frame of 24 months. Key risks include macroeconomic uncertainty, competition for attractive targets, and the ability to secure shareholder approval for a deal. The company aims to leverage the expertise of its management team to find value-creating opportunities in the TMT sector.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$0
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Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$5.1M
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-10.0%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
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Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
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Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
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Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-446485
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+51.1%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
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Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
0.0%
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-0.7%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
6.68x
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-55.1%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.