Cactus Acquisition Corp. 1 (CCTSU) Prices Upsized $110M IPO


Cactus Acquisition Corp. 1 (CCTSU) Prices Upsized $110M IPO

Oct 28, 2021 IPOs by Marlena Haddad

Cactus Acquisition Corp. 1 announced the pricing of its upsized $110 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CCTSU” Friday, October 29.

The new SPAC intends to focus  its search on Israel-related technology-based healthcare companies. Cactus 1 is led by CEO Ofer Gonen, CFO Stephen T. Wills, and Chairman of the Board Nachum Shamir.

Total SPAC deal count for 2021 year-to-date is now 501. This offering is expected to close on Tuesday, November 2.

Oppenheimer & Co. Inc. and Moelis & Company LLC are acting as joint book-running managers of the offering. McDermott Will & Emery LLP is serving as Issuer’s Counsel with Loeb & Loeb LLP serving as Underwriter’s Counsel. Kesselman & Kesselman serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.