Here are the 10-Q quarterly reports from Cactus Acquisition Corp. 1 Limited Warrant (CCTSW) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow CCTSW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CCTSW filings page.
Cactus Acquisition Corp. 1 Limited is a blank check company formed to complete an initial business combination. As of March 31, 2025, the unaudited condensed balance sheet shows $21 (in thousands) of cash, $9,075 (in thousands) held in the trust account, and a total capital deficiency of $(2,242) (in thousands). For the three months ended March 31, 2025 the company reported a net loss of $(78) (in thousands) and interest income of $95 (in thousands) on trust investments.
The company has a signed Business Combination Agreement with Tembo e-LV B.V. under which Tembo equity holders would receive $838 million in newly issued shares valued at $10.00 per share; closing remains subject to regulatory approvals, audited financials, shareholder approval and SEC review of a Form F-4. Trading was suspended on Nasdaq and the company commenced trading on the OTC market under the symbol CCTSF. The company obtained a third extension of its combination deadline to November 2, 2025.
The filing discloses substantial doubt about the company’s ability to continue as a going concern, related-party and third-party promissory notes (including a $600,000 note with Energi with a balance of $646,000 as of March 31, 2025 and a sponsor loan balance of $780,000), and a material weakness in internal control over accounting for founder share assignments and insufficient finance personnel. A subsequent unsecured promissory note of $200,000 was issued on July 17, 2025.