CACTUS ACQUISITION CORP. 1 LIMITED Cactus Acquisition Corp. 1 Limited announced a private placement to issue an unsecured non convertible promissory note at an issue price of $600,000 for the gross proceeds of $600,000 on March 25, 2024. The transaction included participation from new investor EVGI Limited .
The Note is repayable in full upon the earlier of November 1, 2024, the date of the consummation of the Company?s initial business combination or the date of the liquidation of the Company. The Note bears no interest, however, an establishment fee, a line fee and an exit fee totaling in aggregate 9.0% per annum are payable on the Maturity Date.
