Clear Street LLC Trims Holdings in Cactus Acquisition Corp. 1 Limited (NASDAQ:CCTS)

Clear Street LLC reduced its stake in Cactus Acquisition Corp. 1 Limited (NASDAQ:CCTS) by 28.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,178 shares of the company’s stock after selling 6,075 shares during the quarter. Clear Street LLC owned approximately 0.30% of Cactus Acquisition Corp. 1 worth $172,000 at the end of the most recent quarter.

Separately, Virtu Financial LLC acquired a new stake in shares of Cactus Acquisition Corp. 1 during the 1st quarter worth about $141,000. 86.36% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Jeff Leblanc bought 100,000 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was purchased at an average price of $0.50 per share, for a total transaction of $50,000.00. Following the acquisition, the director now owns 135,000 shares of the company’s stock, valued at $67,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 58.30% of the company’s stock.

Cactus Acquisition Corp. 1 Stock Down 0.1 %

NASDAQ CCTS opened at $11.45 on Thursday. The firm’s 50-day moving average is $11.42 and its two-hundred day moving average is $11.35. Cactus Acquisition Corp. 1 Limited has a 12 month low of $10.75 and a 12 month high of $12.90.

About Cactus Acquisition Corp. 1

Cactus Acquisition Corp. 1 Limited does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the emerging technology sector. The company was incorporated in 2021 and is based in Cranbury, New Jersey.