Cactus Acquisition Corp. 1 announces contributions to trust account

Cactus Acquisition Corp. 1 announced several actions being undertaken in anticipation of the previously announced extraordinary meeting in lieu of 2023 annual meeting of the Company to be held at 9:00 a.m. Eastern Time/ 4:00 p.m. local time on April 20, 2023 for the purpose of considering and voting on, among other proposals, a proposal to extend the date by which the Company must consummate an initial business combination from May 2, 2023 to November 2, 2023 or such earlier date as may be determined by the Company’s board of directors. If the Extension is approved at the Meeting and implemented, the Company’s sponsor, Cactus Healthcare Management, or its designees will deposit into the trust account the lesser of $40,000 and $0.02 per public share multiplied by the number of public shares outstanding on such applicable date as a loan, on each of the Original Termination Date and the 2nd day of each subsequent calendar month until the Extended Date. The Company has not asked the Sponsor to reserve for, nor has the Company independently verified whether the Sponsor will have sufficient funds to satisfy, any such Contributions