---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-017319"
form_type: "8-K"
ticker: null
cik: "0001865861"
company_name: "Cactus Acquisition Corp. 1 Ltd"
filed_at: "2024-05-16T23:59:59+00:00"
generated_at: "2026-06-01T21:44:03.210468+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Cactus Acquisition Corp sponsor transfers 80% of securities to ARWM Inc for $1; board and CFO replaced

## Summary
- Sponsor transfers 2,359,999 Class A shares, 1 Class B share, and 3,893,334 private warrants to ARWM Inc for $1.00.
- CFO Stephen T. Wills resigns effective May 31, 2024; directors Emmanuel Meyer, Joep Thomassen, Huiyan Geng resign.
- New directors Adam Ridgway, Jeffrey LeBlanc, Terry Farris appointed; Farris on audit and compensation committees.
- Cactus Healthcare Management LP retains 632,500 Class A shares (12.46%) and 973,333 warrants.

## SEC filing metadata
- accession: 0001437749-24-017319
- form_type: 8-K
- cik: 0001865861
- company_name: Cactus Acquisition Corp. 1 Ltd
- filed_at: 2024-05-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865861/000143774924017319/0001437749-24-017319-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865861/000143774924017319/ccts20240515_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-017319
- JSON: https://secwatch.observer/filing/0001437749-24-017319.json
- Plain text: https://secwatch.observer/filing/0001437749-24-017319.txt

## Key facts
- Executive change
  Emmanuel Meyer resigned as Director at Cactus Acquisition Corp. 1 Ltd.
  - Action: resigned
  - Role: Director
  source text: On May 16, 2024, each of Emmanuel Meyer, Huiyan Geng and Joseph C Thomassen, resigned as members of the Board of Directors, effective upon the closing of the Transfer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865861/000143774924017319/0001437749-24-017319-index.htm
- Executive change
  Joseph C Thomassen resigned as Director at Cactus Acquisition Corp. 1 Ltd.
  - Action: resigned
  - Role: Director
  source text: On May 16, 2024, each of Emmanuel Meyer, Huiyan Geng and Joseph C Thomassen, resigned as members of the Board of Directors, effective upon the closing of the Transfer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865861/000143774924017319/0001437749-24-017319-index.htm
- Executive change
  Huiyan Geng resigned as Director at Cactus Acquisition Corp. 1 Ltd.
  - Action: resigned
  - Role: Director
  source text: On May 16, 2024, each of Emmanuel Meyer, Huiyan Geng and Joseph C Thomassen, resigned as members of the Board of Directors, effective upon the closing of the Transfer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865861/000143774924017319/0001437749-24-017319-index.htm
- Executive change
  Terry Farris was appointed as Director at Cactus Acquisition Corp. 1 Ltd.
  - Action: appointed
  - Role: Director
  source text: On May16, 2024, effective immediately upon the closing of the Transfer, each of the New Directors was appointed to the Board by the Purchaser
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865861/000143774924017319/0001437749-24-017319-index.htm
- Executive change
  Jeffrey LeBlanc was appointed as Director at Cactus Acquisition Corp. 1 Ltd.
  - Action: appointed
  - Role: Director
  source text: On May16, 2024, effective immediately upon the closing of the Transfer, each of the New Directors was appointed to the Board by the Purchaser
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865861/000143774924017319/0001437749-24-017319-index.htm
- Executive change
  Adam Ridgway was appointed as Director at Cactus Acquisition Corp. 1 Ltd.
  - Action: appointed
  - Role: Director
  source text: On May16, 2024, effective immediately upon the closing of the Transfer, each of the New Directors was appointed to the Board by the Purchaser
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865861/000143774924017319/0001437749-24-017319-index.htm

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