Cactus Acquisition Corp. 1 Ltd (CTSWF) Warrant
Each CTSWF warrant gives the holder the right to buy 1 share of Cactus Acquisition Corp. 1 Ltd at $11.50 per share, for five years after the company completes its merger. Cactus Acquisition Corp. 1 Ltd is a SPAC (deal signed with Tembo e-LV B.V.). It must complete a deal by November 2, 2026 or the warrants expire worthless. There are 6.33M listed warrants; exercising all of them would add 196.8% to the 3.21M shares outstanding.
Stock vs strike, last 12 months
No share-price history for the stock yet.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- merger + 5 years
- Redemption trigger
- $18.00
- Cashless exercise
- no
- Break-even stock price
- —
From the issuer's 8-K (2021-11-03).
Company and stock
- Company
- Cactus Acquisition Corp. 1 Ltd
- Underlying stock
- —
- Share price
- —
- Market cap
- —
- Shares outstanding
- 3.21M
Market cap is the last share price times shares outstanding (as of 2025-12-31). All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- —
- Price / model
Get Pro to see whether CTSWF is cheap or rich against our model.
Dilution
- Shares outstanding
- 3.21M
- Listed warrants
- 6.33M
- Dilution if all exercised
- 196.8%
Warrant count from filing notes, read by hand (high): Public warrants (one-half warrant per unit).
SPAC deal
- Status
- deal signed
- Target
- Tembo e-LV B.V.
- Deal announced
- 2024-08-29
- Deadline
- 2026-11-02
- Latest possible deadline
- 2027-11-02
- Trust per share
- $12.48
- Sponsor
- Cactus Healthcare Management LP
- Sponsor's earlier SPACs
- 0 (0 closed a deal)
- Chance of a deal
A SPAC warrant is worth nothing if no deal closes by the deadline.
Filings and events
Questions about CTSWF
When does the CTSWF warrant expire?
Five years after the SPAC completes its merger; if no merger closes by the deadline, the warrants expire worthless.
What is the strike price of CTSWF?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many CTSWF warrants are outstanding?
6.33M listed warrants, equal to 196.8% dilution if all are exercised.