Cactus Acquisition Corp. 1 Limited
CCTSW
NASDAQ Global Market0.03
USD
+0.01
- -
CIK
0001865861
ISIN
KYG1745A1242
CUSIP
G1745A124
Return %
Stock
S&P500
1Y
48.51
26.84
3Y
-94.34
77.03
5Y
-94.34
80.55
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
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 4B Cedar Brook Drive Cranbury NJ United States of America 08512
- CIK
- 0001865861
- Similar Companies
- Business
- Cactus Acquisition Corp. 1 Limited is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands, primarily engaged in effecting mergers, share exchanges, and asset acquisitions. The company focuses on identifying and acquiring high-growth businesses in the clean and sustainable energy sector, leveraging its management team's expertise and global network. Its core activity involves facilitating business combinations and capital-raising for growth companies, with a strategic emphasis on industries related to clean energy and advanced technology solutions. Cactus Acquisition Corp. 1 Limited is currently advancing a major business combination following a definitive agreement signed on August 29, 2024, with Tembo e-LV B.V., a Netherlands-based company specializing in utility vehicle electrification. This transaction, valued at approximately $838 million, involves a multi-step merger and share exchange that will result in the combined entity being publicly traded on Nasdaq under the name Tembo Group. Alongside this, the company has formed strategic alliances with significant sponsors including EVGI Limited and ARWM Inc Pte. Ltd., and engaged in sponsor securities purchase agreements to support its operational and growth objectives. In the past year, Cactus Acquisition Corp. 1 Limited has pursued several strategic developments, including extending deadlines for completing business combinations, issuing promissory notes to key investors, amending credit facilities to include substantial term loan options, and securing contributions to trust accounts to safeguard shareholder interests. The firm operates globally with a specific focus on Europe through its target acquisition Tembo, and conducts its principal activities supported by its headquarters in the Cayman Islands. The company's services and products encompass the facilitation of mergers and acquisitions, capital markets transactions, and the provision of acquisition financing solutions. Cactus Acquisition Corp. 1 Limited plays a pivotal role in catalyzing growth for clean energy ventures, positioning itself as an active participant in the sustainable energy transformation market while providing shareholders opportunities for value creation through its strategic business combinations and financial arrangements.