secwatch.observer — SEC 8-K summary
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Issuer:     Cactus Acquisition Corp. 1 Ltd (—)
CIK:        0001865861
Form:       8-K
Filed at:   2024-03-28T23:59:59+00:00
Accession:  0001193125-24-080263
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865861/000119312524080263/0001193125-24-080263-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865861/000119312524080263/d735628d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-080263

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