Cal Redwood Acquisition Corp. (Ticker: CRAQU US) is a Cayman Islands company that is a special purpose acquisition company (SPAC) intending to focus its efforts on businesses in the technology, media and telecommunications (“TMT”) sector as well as sectors that are being transformed via technology disruption. Cal Redwood Acquisition Corp. plans to list on NASDAQ on 5/23/2025, planning to offer 20.0 million units at $10.00 each, raising $200.0 million. The company has a market capitalization of $272.66 million. Cal Redwood Acquisition Corp. reportedly plans to use the IPO proceeds for a future business combination, as each unit consists of one Class A ordinary share and one right to receive one-tenth of a Class A ordinary share upon the consummation of an initial business combination. The management team has previous experience with Bow Capital Management LLC and TIBCO Software Inc., and was involved with BowX Acquisition Corp., which completed a business combination with WeWork Inc.