Cactus Acquisition Corp. 1 Ltd. SC 13D/A Filing

TL;DR

EVGI Ltd & Emmanuel Meyer updated their Cactus Acquisition Corp. 1 Ltd. stake filing.

AI Summary

On May 17, 2024, Cactus Acquisition Corp. 1 Ltd. filed an SC 13D/A amendment. The filing indicates that EVGI Ltd, along with Emmanuel Meyer and Evergreen Investment Partners AG, are involved. The filing pertains to Class A ordinary shares of Cactus Acquisition Corp. 1 Ltd.

Why It Matters

This filing provides updated information on significant beneficial ownership of Cactus Acquisition Corp. 1 Ltd., which could impact the company's stock price and corporate governance.

Risk Assessment

Risk Level: medium — SC 13D filings often indicate a significant stake or change in control, which can lead to increased volatility.

Key Players & Entities

• Cactus Acquisition Corp. 1 Ltd. (company) — Subject Company
• EVGI Ltd (company) — Filing Person
• Emmanuel Meyer (person) — Group Member
• Evergreen Investment Partners AG (company) — Group Member
• Class A ordinary shares (security) — Title of Class of Securities

FAQ

Key Financial Figures

• $0.0001 — er) Class A ordinary shares, par value $0.0001 per share (Title of Class of Securiti
• $0 — ,999 Class A ordinary shares, par value $0.0001, of the Company (" Class A Ordinar

Filing Documents

• evgi20240515_sc13da.htm (SC 13D/A) — 95KB
• 0001437749-24-017389.txt ( ) — 97KB

Purpose of Transaction

Item 4. Purpose of Transaction. On April 29, 2024, the Company entered into a sponsor securities purchase agreement (the " Second Purchase Agreement ") with the Company's sponsor, EVGI Limited (" EVGI "), and ARWM Pte Limited (the " Second Purchaser "), pursuant to which, EVGI agreed to transfer to the Second Purchaser on the closing under the Second Purchase Agreement (a) an aggregate of 2,360,000 founders' shares, consisting of 2,359,999 Class A ordinary shares, par value $0.0001, of the Company (" Class A Ordinary Shares "), and 1 Class B ordinary share, par value $0.0001, of the Company (" Class B Ordinary Share "), and (b) 3,893,334 private placement warrants (" Private Warrants " and together with the Class A Ordinary Shares and the Class B Ordinary Share, the " Second Transferred Securities "). On May 16, 2024 all conditions were satisfied and the Second Transferred Securities were transferred to ARWM. As a result of the foregoing, as of May 16, 2024, the Reporting Persons ceased being beneficial owners of any of the Company's securities.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer. (a) The responses to Items 7-13 of the cover pages of this Statement are incorporated by reference herein. (b) The responses to Items 7-13 of the cover pages of this Statement are incorporated by reference herein. (c) The responses to Item 4 of the Statement are incorporated by reference herein. (d) Not applicable. (e) The responses to Item 4 of the Statement are incorporated by reference herein. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: May 16, 2024 EVGI Ltd By: /s/ Emmanuel Meyer Name: Emmanuel Meyer Title: Director Emmanuel Meyer /s/ Emmanuel Meyer Evergreen Investment Partners AG By: /s/ Rafael Meyer Name: Rafael Meyer Title: Director Rafael Meyer /s/ Rafael Meyer

View Full Filing

View this SC 13D/A filing on SEC EDGAR