Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Cactus Acquisition Corp. 1 Ltd: Amendment to Amended and Restated Memorandum and Articles of Association to allow issuance of Class A ordinary shares upon conversion of Class B ordinary shares without trust account proceeds restriction when holders waive rights to trust account proceeds (effective 2023-05-30).
- Change
- charter amendment
- Effective
- 2023-05-30
Exact text from the filing
On May 30, 2023, Cactus Acquisition Corp. 1 Ltd. (the "Company" or "Cactus") filed an amendment (the "Articles Amendment") to Cactus' Amended and Restated Memorandum and Articles of Association (the "Articles") that provides that the existing restriction under the Articles that prevents the issuance by the Company of additional shares that would vote together with the Company's publicly held Class A ordinary shares, par value $0.0001 per share ("Class A ordinary shares"), on a proposal to approve the Company's initial business combination, will not apply to the issuance of Class A ordinary shares upon conversion of the Company's Class B ordinary shares, par value $0.0001 per share ("Class B ordinary shares") where the holders of the converted shares waive their rights to proceeds from the Company's trust account.
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Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Cactus Acquisition Corp. 1 Ltd shareholders approved amend the Articles to remove the restriction on issuance of additional shares voting together with publicly held Class A ordinary shares on an initial business combination proposal, where converted holders waive trust proceeds at the 2023-05-30 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-05-30
Exact text from the filing
The Articles Amendment Proposal was approved. The voting results of the Ordinary Shares voted on the proposal were as follows: For Against Abstain 5,578,217 0 0
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