Certain Class B Common Stock of Cactus Acquisition Corp. 1 Limited are subject to a Lock-Up Agreement Ending on 27-APR-2022. These Class B Common Stock will be under lockup for 181 days starting from 28-OCT-2021 to 27-APR-2022.

Details:
The company's sponsor and its officers and directors have agreed that, for a period of 180 days from the date of this prospectus, they will not, without the prior written consent of Oppenheimer & Co. Inc. and Moelis & Company LLC for a period of 180 days after the date of this prospectus, any units, warrants, common stock or any other securities convertible into, or exercisable, or exchangeable for, common stock; provided, however, that may (1) issue and sell the private placement warrants; (2) issue and sell the additional units to cover underwriters' over -allotment option (if any); (3) register with the SEC pursuant to an agreement to be entered into on or prior to the closing of this offering, the resale of the private placement warrants and the shares of Class A common stock issuable upon exercise of the warrants and the founder shares; and (4) issue securities in connection with initial business combination. However, the foregoing shall not apply to the forfeiture of any founder shares pursuant to their terms or any transfer of founder shares to any current or future independent director of the Company (as long as such current or future independent director is subject to the terms of the letter agreement, filed herewith, at the time of such transfer; and as long as, to the extent any Section 16 reporting obligation is triggered as a result of such transfer, any related Section 16 filing includes a practical explanation as to the nature of the transfer). Oppenheimer & Co. Inc. may, in its sole discretion, release any of the securities subject to these lock -up agreements at any time without notice.