---
title: "CACTUS ACQUISITION CORP 1 LIMITED UNIT 1 CL A & 1/2 RED WT EXP(17/08/2028) | 10-Q: FY2025 Q3 Revenue: USD 0"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/266627301.md"
datetime: "2025-11-19T22:27:43.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/266627301.md)
  - [en](https://longbridge.com/en/news/266627301.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/266627301.md)
generator: "portal-rs"
---

# CACTUS ACQUISITION CORP 1 LIMITED UNIT 1 CL A & 1/2 RED WT EXP(17/08/2028) | 10-Q: FY2025 Q3 Revenue: USD 0

Revenue: As of FY2025 Q3, the actual value is USD 0.

EBIT: As of FY2025 Q3, the actual value is USD -313 K.

### Segment Revenue

-   Interest earned on marketable securities held in trust account was $283,000 for the nine months ended September 30, 2025, compared to $840,000 for the same period in 2024.

### Operational Metrics

-   Operating expenses were - $542,000 for the nine months ended September 30, 2025, compared to - $936,000 for the same period in 2024.
-   Financial expenses were - $100,000 for the nine months ended September 30, 2025, compared to - $210,000 for the same period in 2024.
-   Net loss was - $359,000 for the nine months ended September 30, 2025, compared to - $306,000 for the same period in 2024.

### Cash Flow

-   Net cash used in operating activities was - $12,000 for the nine months ended September 30, 2025, compared to - $339,000 for the same period in 2024.
-   Net cash provided by financing activities was $295,000 for the nine months ended September 30, 2025, compared to $1,287,000 for the same period in 2024.

### Unique Metrics

-   Accretion on Class A ordinary shares subject to possible redemption was $571,000 for the nine months ended September 30, 2025, compared to $1,013,000 for the same period in 2024.

### Future Outlook and Strategy

#### Core Business Focus

-   The company plans to complete an Initial Business Combination before the mandatory liquidation date of November 2, 2026.
-   The closing of the business combination with Tembo e-LV B.V. is pending regulatory approvals, including SEC clearance, financial audits, shareholder approvals, and other customary conditions.

#### Non-Core Business

-   The company is negotiating with Energi Holdings Limited to extend the maturity date of the promissory note beyond November 2, 2025.
-   An unsecured promissory note was issued to Hali International Limited with a principal amount of $150,000, repayable by October 14, 2026.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**