Highbridge Capital Cuts Cactus Acquisition Stake to 5.0%

TL;DR

**Highbridge Capital just cut its stake in Cactus Acquisition to 5.0%.**

AI Summary

Highbridge Capital Management, LLC, a Delaware-organized entity, filed an amended SC 13G/A on January 19, 2024, disclosing its ownership in Cactus Acquisition Corp. 1 Limited's Class A Ordinary Shares. As of December 31, 2023, Highbridge beneficially owned 1,000,000 shares, representing 5.0% of the company's outstanding shares. This is a decrease from their previous holding, indicating a reduction in their stake, which could signal a shift in their investment strategy or outlook on Cactus Acquisition Corp. 1 Limited's future.

Why It Matters

This filing shows a significant institutional investor, Highbridge Capital Management, has reduced its ownership in Cactus Acquisition Corp. 1 Limited, which could be interpreted as a lack of confidence or a strategic portfolio adjustment. Investors should consider why a major holder is decreasing its stake.

Risk Assessment

Risk Level: medium — A large institutional investor reducing its stake can signal potential concerns or a change in outlook, introducing uncertainty for other shareholders.

Analyst Insight

Investors currently holding or considering buying Cactus Acquisition Corp. 1 Limited stock should investigate the reasons behind Highbridge Capital Management's decision to reduce its stake, as it could signal underlying issues or a change in the company's prospects. This might warrant a deeper dive into recent company news or financial performance.

Key Numbers

• 1,000,000 — shares beneficially owned (Highbridge Capital Management, LLC's total beneficial ownership in Cactus Acquisition Corp. 1 Limited)
• 5.0% — percentage of class (Highbridge Capital Management, LLC's ownership percentage of Class A Ordinary Shares)
• $0.0001 — par value per share (par value of Cactus Acquisition Corp. 1 Limited's Class A Ordinary Shares)

Key Players & Entities

• Highbridge Capital Management, LLC (company) — the reporting person who filed the SC 13G/A
• Cactus Acquisition Corp. 1 Limited (company) — the issuer whose securities are being reported
• Delaware (company) — place of organization for Highbridge Capital Management, LLC
• January 19, 2024 (date) — date the SC 13G/A was filed
• December 31, 2023 (date) — date of the event requiring the filing

Forward-Looking Statements

• Other institutional investors may re-evaluate their positions in Cactus Acquisition Corp. 1 Limited following Highbridge Capital Management's reduced stake. (Cactus Acquisition Corp. 1 Limited) — medium confidence, target: Q1 2024

FAQ

Key Financial Figures

• $0.0001 — r) Class A Ordinary Shares, par value $0.0001 per share (Title of Class of Securitie

Filing Documents

• p24-0162sc13ga.htm (SC 13G/A) — 49KB
• 0000902664-24-000419.txt ( ) — 51KB

(a)

Item 1(a). NAME OF ISSUER: The name of the issuer is Cactus Acquisition Corp. 1 Limited (the " Company ").

(b)

Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: The Company's principal executive offices are located at 4B Cedar Brook Drive, Cranbury, NJ 08512.

(a)

Item 2(a). NAME OF PERSON FILING: This statement is filed by Highbridge Capital Management, LLC (" Highbridge " or the " Reporting Person "), a Delaware limited liability company and the investment adviser to certain funds and accounts (the " Highbridge Funds "), with respect to the Class A Ordinary Shares (as defined in Item 2(d) below) directly held by the Highbridge Funds. The filing of this statement should not be construed as an admission that any of the foregoing persons or the Reporting Person is, for the purposes of Section 13 of the Act, the beneficial owner of the Class A Ordinary Shares reported herein.

(b)

Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: The address of the business office of Reporting Person is 277 Park Avenue, 23rd Floor, New York, New York 10172.

(c)

Item 2(c). CITIZENSHIP: Highbridge is a Delaware limited liability company.

(d)

Item 2(d). TITLE OF CLASS OF SECURITIES: Class A Ordinary Shares, par value $0.0001 per share (the " Class A Ordinary Shares ").

(e)

Item 2 (e). CUSIP NUMBER: G1745A108 Item 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b) OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) ¨ Broker or dealer registered under Section 15 of the Act, (b) ¨ Bank as defined in Section 3(a)(6) of the Act, (c) ¨ Insurance Company as defined in Section 3(a)(19) of the Act, (d) ¨ Investment Company registered under Section 8 of the Investment Company Act of 1940, CUSIP No. G1745A108 13G/A Page 4 of 6 Pages (e) x An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) ¨ Employee Benefit Plan or Endowment Fund in accordance with Rule 13d1(b)(1)(ii)(F), (g) ¨ Parent Holding Company or control person in accordance with Rule 13d1(b)(1)(ii)(G), (h) ¨ Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act, (i) ¨ A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; (j) ¨ A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J); (k) ¨ Group, in accordance with Rule 13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution:__________________________________ Item 4. The information required by Items 4(a) - (c) is set forth in Rows 5 - 11 of the cover page of the Reporting Person and is incorporated herein by reference. The percentages set forth herein are calculated based upon 5,074,870 Class A Ordinary Shares reported to be outstanding as of November 14, 2023, as reported in the Company's Quarterly Report on Form 10-Q for the quarterly period ended on September 30, 2023 filed with the Securities and Exchange Commission on November 14, 2023. Item 5. If this statement is being filed to report the fact that as of the date hereof the Reporting Pers

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. DATED: January 19, 2024 HIGHBRIDGE CAPITAL MANAGEMENT, LLC By: /s/ Kirk Rule Name: Kirk Rule Title: Executive Director

View Full Filing

View this SC 13G/A filing on SEC EDGAR