secwatch.observer — SEC 8-K summary
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Issuer:     Cactus Acquisition Corp. 1 Ltd (—)
CIK:        0001865861
Form:       8-K
Filed at:   2024-05-10T23:59:59+00:00
Accession:  0001437749-24-016038
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Cactus Acquisition Corp. 1 receives Nasdaq non-compliance notice for MVPHS below $15M
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- Received Nasdaq notice on May 7, 2024 for failing to maintain minimum MVPHS of $15M.
- Has 180 days, until November 4, 2024, to regain compliance with MVPHS Rule.
- May transfer to Nasdaq Capital Market (MVPHS threshold $5M, currently exceeded) if not compliant.
- No immediate effect on listing or trading of securities on Nasdaq Global Market.
- Company will monitor MVPHS and consider options; expects to apply for transfer if needed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865861/000143774924016038/0001437749-24-016038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865861/000143774924016038/ccts20240510_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-016038

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