---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-080263"
form_type: "8-K"
ticker: null
cik: "0001865861"
company_name: "Cactus Acquisition Corp. 1 Ltd"
filed_at: "2024-03-28T23:59:59+00:00"
generated_at: "2026-06-04T06:35:24.316938+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Cactus Acquisition Corp. 1 obtains up to $600K promissory note from Energi Holding

## Summary
- Unsecured note with principal up to $600,000; full amount advanced on March 25, 2024.
- Note bears no interest but fees totaling 9% per annum payable on maturity.
- Maturity date is earlier of Nov 1, 2024, business combination, or liquidation.
- As inducement, EVGI Limited to transfer 600,000 Class A ordinary shares to lender.
- Loan used for working capital and operations; trust account claims waived.

## SEC filing metadata
- accession: 0001193125-24-080263
- form_type: 8-K
- cik: 0001865861
- company_name: Cactus Acquisition Corp. 1 Ltd
- filed_at: 2024-03-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865861/000119312524080263/0001193125-24-080263-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865861/000119312524080263/d735628d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-080263
- JSON: https://secwatch.observer/filing/0001193125-24-080263.json
- Plain text: https://secwatch.observer/filing/0001193125-24-080263.txt

## Key facts
- Debt Financings
  Cactus Acquisition Corp. 1 Ltd incurred loan of $600,000 with Energi Holding Limited at 9.0% per annum maturing November 1, 2024.
  - Instrument: loan
  - Principal: $600,000
  - Counterparty: Energi Holding Limited
  - Rate: 9.0% per annum
  - Maturity: November 1, 2024
  - Event: incurrence
  source text: On March 25, 2024, the Company issued an unsecured promissory note to Energi Holding Limited (the “ Lender ”) with a principal amount up to $600,000 (the “ Note ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865861/000119312524080263/0001193125-24-080263-index.htm
- Material Agreements
  Cactus Acquisition Corp. 1 Ltd entered into Promissory Note with Energi Holding Limited valued at $600,000 (effective 2024-03-25).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Energi Holding Limited
  - Value: $600,000
  - Effective: 2024-03-25
  source text: On March 25, 2024, the Company issued an unsecured promissory note to Energi Holding Limited (the " Lender ") with a principal amount up to $600,000 (the " Note ").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865861/000119312524080263/0001193125-24-080263-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.