---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-044040"
form_type: "8-K"
ticker: null
cik: "0001865861"
company_name: "Cactus Acquisition Corp. 1 Ltd"
filed_at: "2023-05-30T23:59:59+00:00"
generated_at: "2026-06-14T12:01:31.297621+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Cactus Acquisition Corp. 1 amends charter to allow Class B conversion without trust rights; shareholders approve

## Summary
- Shareholders approved amendment to Article 49.10 by 5,578,217 votes for, none against.
- 204,178 Class A shares redeemed in connection with approval, leaving 2,260,351 Class A shares outstanding.
- Amendment allows issuance of Class A shares upon conversion of Class B shares if converted holders waive trust proceeds.
- The requisite two-thirds majority was achieved at the extraordinary general meeting on May 30, 2023.

## SEC filing metadata
- accession: 0001213900-23-044040
- form_type: 8-K
- cik: 0001865861
- company_name: Cactus Acquisition Corp. 1 Ltd
- filed_at: 2023-05-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.03, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865861/000121390023044040/0001213900-23-044040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865861/000121390023044040/ea179457-8k_cactusacq1.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-044040
- JSON: https://secwatch.observer/filing/0001213900-23-044040.json
- Plain text: https://secwatch.observer/filing/0001213900-23-044040.txt

## Key facts
- Governance Changes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865861/000121390023044040/0001213900-23-044040-index.htm
- Shareholder Votes
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865861/000121390023044040/0001213900-23-044040-index.htm

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