CTAA · ClearThink 1 Acquisition Corp. Class A Ordinary Shares

Summary

ClearThink 1 Acquisition Corp. is a blank check company incorporated in the Cayman Islands on September 11, 2025, seeking to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company has no current operations and has not identified a specific target. It proposes to offer 15,000,000 units at $10.00 each in an initial public offering, with an over-allotment option for up to 2,250,000 additional units. Each unit consists of one Class A ordinary share and one right to receive one-tenth of one Class A ordinary share upon consummation of an initial Business Combination. Gross proceeds of $150 million ($172.5 million if over-allotment exercised in full) will be deposited into a trust account, invested in U.S. government securities or money market funds, to be used for a Business Combination within 21 months (extendable to 24 months upon announcement of a definitive agreement). Prior to the IPO, the Sponsor purchased 5,750,000 Class B founder shares for $25,000, representing 25% post-IPO ownership (adjusted for over-allotment). Concurrently, the Sponsor will purchase 350,000 private placement units at $10.00 each. The Company aims to provide investors access to a SPAC structure for potential high-return Business Combinations while protecting public shareholders through trust account protections and redemption rights.

Key takeaways

• Company incorporated September 11, 2025 in Cayman Islands as blank check company targeting Business Combination within 21 months (extendable to 24 months).
• Offering 15,000,000 units at $10.00 each ($150 million gross proceeds), plus 2,250,000 unit over-allotment option ($172.5 million if fully exercised).
• Sponsor purchased 5,750,000 Class B founder shares for $25,000 on October 14, 2025; up to 750,000 subject to forfeiture based on over-allotment exercise.
• Sponsor to purchase 350,000 private placement units at $10.00 each ($3.5 million) simultaneously with IPO closing.
• Trust Account to hold $10.00 per public share ($150 million minimum), invested in U.S. government securities or qualifying money market funds.
• Class B founder shares convertible to Class A on one-for-one basis upon Business Combination, subject to dilution adjustments.
• D. Boral Capital LLC acting as sole underwriter for the offering.