Cactus Acquisition Corp. 1 Ltd (Nasdaq: CCTS) is a blank-check company sponsored by Cactus Healthcare Management Ltd that completed its initial public offering in 2021, targeting opportunities in the healthcare and life sciences sector. The company filed a Form 425 communication with the SEC on December 29, 2025, indicating that it is actively engaged in a proposed business combination and is distributing materials related to that transaction to shareholders and the public. Form 425 filings are required under securities rules whenever a party to a prospective merger issues written communications about the deal prior to effectiveness of a registration statement. CCTS remains in the SPAC merger process as of the filing date. For complete filing history, deal terms, and real-time status updates on CCTS and hundreds of other SPACs, sign up for full data access at SpacDesk.