Cactus Acquisition Corp. 1 Limited
CCTSU
NASDAQ Global Market11.65
USD
- -
- -
CIK
0001865861
ISIN
KYG1745A1168
CUSIP
G1745A116
Return %
Stock
S&P500
1Y
2.64
18.02
3Y
16.62
64.11
5Y
16.04
72.15
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Gary Challinor
- Full Time Employees
- 2
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 4B Cedar Brook Drive Cranbury NJ United States of America 08512
- IPO Date
- Oct 29, 2021
- CIK
- 0001865861
- Website
- cactusac1.com
- Similar Companies
- Business
- Cactus Acquisition Corp. 1 Limited Cactus Acquisition Corp. 1 Limited (CCTSU) operates as a blank check company, or special purpose acquisition corporation (SPAC), focused on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, primarily targeting opportunities in the energy sector, emerging technology, and technology-based healthcare; it conducts no significant operations and generates no revenue pending completion of its initial business combination. Incorporated in 2021 as a Cayman Islands exempted company and headquartered in Cranbury, New Jersey, the company raised $126.5 million in its initial public offering in October 2021, including a fully exercised over-allotment option. Its sponsor, ARWM Pte Limited, assumed responsibility in May 2024. In August 2024, Cactus Acquisition Corp. 1 Limited executed a definitive business combination agreement with Tembo E-LV B.V., a subsidiary of VivoPower International PLC, valuing the combined entity at a pro forma enterprise value of $904 million assuming no public trust redemptions; the transaction, backed by an independent fairness opinion, contemplates Tembo surviving as Tembo Group with a planned Nasdaq listing and aims for closing by Q2 2025, subject to SEC review of the Form F-4 registration statement, shareholder approval, and other conditions. To support the deal, shareholders approved multiple deadline extensions, including a third extension on November 1, 2024, to November 2, 2025, and a fourth extension on October 31, 2025, further to November 2, 2026; these followed redemptions reducing outstanding Class A ordinary shares. Trading of its securities shifted from Nasdaq to OTC Markets under symbols CCTSF, CTSUF, and CTSWF starting November 6, 2024, after Nasdaq suspension on November 5, 2024. The company reported net losses of approximately $199,000 for Q3 2025 and $359,000 for the nine months ended September 30, 2025, consistent with its pre-revenue SPAC status.