secwatch.observer — SEC 8-K summary
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Issuer:     Cactus Acquisition Corp. 1 Ltd (—)
CIK:        0001865861
Form:       8-K
Filed at:   2023-09-11T23:59:59+00:00
Accession:  0001213900-23-075726
Event type: regulatory
Sentiment:  negative
Materiality: 0.55
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Cactus Acquisition Corp. receives Nasdaq deficiency notice for minimum holders rule
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- Nasdaq notified Cactus Acquisition Corp. on Sept 8, 2023 of non-compliance with the minimum 400 total holders rule for the Nasdaq Global Market.
- Company has 45 days (until Oct 23, 2023) to submit a plan to regain compliance; Nasdaq may grant up to 180-day extension.
- The notice is a deficiency notification only; trading of securities on Nasdaq Global Market continues uninterrupted.
- Company is evaluating options to regain compliance with the Minimum Total Holders Rule.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865861/000121390023075726/0001213900-23-075726-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865861/000121390023075726/ea185008-8k_cactusacq1.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-075726

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