Cactus Acquisition Corp. 1 Ltd. filed a Form 8-K on November 2, 2026, reporting the results of an extraordinary general meeting held October 27, 2026, at which shareholders approved an extension of the company's business combination deadline by one year and 44,384 ordinary shares were tendered for redemption.

Key Highlights

  • Extension approved: Shareholders voted to extend the deadline to consummate an initial business combination from November 2, 2026 to November 2, 2027.
  • Unanimous vote: All 3,202,406 ordinary shares present voted FOR the articles amendment, with 0 votes against and 0 abstentions.
  • Quorum achieved: 3,202,406 of 3,214,739 total outstanding ordinary shares were represented at the meeting, constituting 99.62% of total outstanding shares.
  • Redemptions: 44,384 ordinary shares were tendered for redemption in connection with the shareholder vote.
  • Trust account reduction: Approximately $560,613.65 (approximately $12.63 per share) will be removed from the company's trust account to pay redeeming holders.
  • Board wind-up authority: The amendment also permits the company's board of directors, in its sole discretion, to elect to wind up operations on an earlier date.

Shareholder Vote Extends Cactus Acquisition Corp. 1 Combination Window to 2027

According to the filing, Cactus Acquisition Corp. 1 Ltd. (Class A ordinary shares trading symbol CCTSF) held an extraordinary general meeting in lieu of an annual general meeting on October 27, 2026, at 9:00 a.m. Eastern Time at the offices of Loeb & Loeb LLP, 345 Park Ave, New York, New York 10154, and via live webcast. The record date for the meeting was September 30, 2026, at which time there were 3,214,738 Class A ordinary shares and 1 Class B ordinary share outstanding, for a total of 3,214,739 ordinary shares.

The company disclosed that shareholders approved, by special resolution, an amendment to the company's amended and restated memorandum and articles of association. The amendment extends the date by which the company is permitted to consummate an initial business combination from November 2, 2026 to November 2, 2027. The amendment also permits the board of directors, in its sole discretion, to elect to wind up the company's operations on an earlier date. Adoption of the articles extension proposal required approval of a majority of at least two-thirds of Cactus' shareholders entitled to vote. The final tally was 3,202,406 votes FOR, 0 AGAINST, and 0 abstentions, with no broker non-votes, according to the filing.

In connection with the vote, the filing reported that 44,384 ordinary shares were tendered for redemption. As a result, approximately $560,613.65 (approximately $12.63 per share) will be removed from the company's trust account to pay those holders. The company noted this amount does not take into account additional allocation of payments to cover any tax obligation such as franchise taxes, and does not include any excise tax. The company disclosed that the amendment has been filed with the Registrar of Companies of the Cayman Islands, and a copy is attached to the filing as Exhibit 3.1. The filing was signed by Adam Ridgeway, Chief Executive Officer, dated November 2, 2026.

What Was Disclosed

Cactus Acquisition Corp. 1 Ltd. reported shareholder approval of a one-year extension to its business combination deadline, unanimous voting results from its October 27, 2026 extraordinary general meeting, and the redemption of 44,384 ordinary shares totaling approximately $560,613.65 from the trust account.