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.