# EDGAR Filing Document

**Accession Number:** 0001936702
**File Stem:** 0001493152-23-002408
**Filing Date:** 2023-1
**Character Count:** 51642
**Document Hash:** f6ee70c66dfcceac5f996214af66baae
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-23-002408.hdr.sgml**: 20230125

**ACCESSION NUMBER**: 0001493152-23-002408

**CONFORMED SUBMISSION TYPE**: S-1/A

**PUBLIC DOCUMENT COUNT**: 5

**FILED AS OF DATE**: 20230125

**DATE AS OF CHANGE**: 20230125

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Cetus Capital Acquisition Corp.
- **CENTRAL INDEX KEY:** 0001936702
- **STANDARD INDUSTRIAL CLASSIFICATION:** BLANK CHECKS [6770]
- **IRS NUMBER:** 882718139
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-1/A
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-266363
- **FILM NUMBER:** 23551596

**BUSINESS ADDRESS:**
- **STREET 1:** FLOOR 3, NO. 6, LANE 99
- **STREET 2:** ZHENGDA SECOND STREET, WENSHAN DISTRICT
- **CITY:** TAIPEI
- **STATE:** F5
- **ZIP:** 11602
- **BUSINESS PHONE:** 886 920518827

**MAIL ADDRESS:**
- **STREET 1:** FLOOR 3, NO. 6, LANE 99
- **STREET 2:** ZHENGDA SECOND STREET, WENSHAN DISTRICT
- **CITY:** TAIPEI
- **STATE:** F5
- **ZIP:** 11602

**As filed with the U.S. Securities and Exchange Commission on January 25, 2023**

**Registration No. 333-266363**

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**Amendment No.4 to**

**FORM S-1**

**REGISTRATION STATEMENT**

**UNDER THE SECURITIES ACT OF 1933**

**Cetus Capital Acquisition Corp.**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **6770** | **88-2718139** |
| (State or other jurisdiction of<br> incorporation or organization) | (Primary Standard Industrial<br> Classification Code Number) | (I.R.S. Employer<br> Identification Number) |

---

**Floor 3, No. 6, Lane 99**

**Zhengda Second Street, Wenshan District**

**11602 Taipei, Taiwan, R.O.C.**

**Telephone: +886 920518827**

(Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant's Principal Executive Offices)

**Puglisi & Associates**

**850 Library Ave., Suite 204**

**Newark, Delaware 19711**

**Telephone: (302) 738-6680**

(Name, Address, Including Zip Code, and Telephone Number, Including Area Code, of Agent For Service)

 ****

***Copies to:***

---

| | |
|:---|:---|
| **Michael T. Campoli, Esq.**<br> **Elizabeth Fei Chen, Esq.**<br> **Pryor Cashman LLP**<br> **7 Times Square**<br> **New York, NY 10036**<br> **(212) 421-4100** | **David B. Manno, Esq.**<br> **Huan Lou, Esq.**<br> **Sichenzia Ross Ference LLP**<br> **1185 Avenue of the Americas, 31<sup>st</sup> Floor**<br> **New York, NY 10036**<br> **(212) 930-9700** |

---

**Approximate date of commencement of proposed sale to the public:** As soon as practicable after the effective date of this registration statement.

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933 check the following box. ☐

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐ Accelerated filer ☐ <br> Non-accelerated filer ☒ Smaller reporting company ☒ <br> Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

**The Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act or until the Registration Statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to said Section 8(a), may determine.**

**EXPLANATORY NOTE**

This Amendment No. 4 to the Registration Statement on Form S-1 originally filed by Cetus Capital Acquisition Corp. on July 28, 2022 (No. 333-266363) is being filed solely to file exhibits to the Registration Statement.

**PART II**

**INFORMATION NOT REQUIRED IN PROSPECTUS**

**Item 13. Other Expenses of Issuance and Distribution.**

The estimated approximate expenses payable by us in connection with the offering described in this registration statement (other than the underwriting discount and commissions) will be as follows:

---

| | |
|:---|:---|
| SEC/FINRA Expenses\* | 18200 |
| Accounting fees and expenses | 45000 |
| Printing and road show expenses | 10000 |
| Reimbursement to underwriters for expenses | 150000 |
| Legal fees and expenses | 210000 |
| Nasdaq listing and filing fees | 75000 |
| Miscellaneous | 16800 |
| Total | $525000 |

---

\* Previously paid

**Item 14. Indemnification of Directors and officers.**

Our certificate of incorporation will provide that all of our directors, officers, employees and agents shall be entitled to be indemnified by us to the fullest extent permitted by Section 145 of the Delaware General Corporation Law ("DGCL"). Section 145 of the DGCL concerning indemnification of officers, directors, employees and agents is set forth below.

Section 145. Indemnification of officers, directors, employees and agents; insurance.

(a) A corporation shall have
 power to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action,
 suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation)
 by reason of the fact that the person is or was a director, officer, employee or agent of the corporation, or is or was serving at
 the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust
 or other enterprise, against expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually
 and reasonably incurred by the person in connection with such action, suit or proceeding if the person acted in good faith and in
 a manner the person reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any
 criminal action or proceeding, had no reasonable cause to believe the person's conduct was unlawful. The termination of any
 action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent, shall
 not, of itself, create a presumption that the person did not act in good faith and in a manner which the person reasonably believed
 to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had reasonable
 cause to believe that the person's conduct was unlawful.

(b) A corporation shall have
 power to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action
 or suit by or in the right of the corporation to procure a judgment in its favor by reason of the fact that the person is or was
 a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director,
 officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise against expenses (including
 attorneys' fees) actually and reasonably incurred by the person in connection with the defense or settlement of such action
 or suit if the person acted in good faith and in a manner the person reasonably believed to be in or not opposed to the best interests
 of the corporation and except that no indemnification shall be made in respect of any claim, issue or matter as to which such person
 shall have been adjudged to be liable to the corporation unless and only to the extent that the Court of Chancery or the court in
 which such action or suit was brought shall determine upon application that, despite the adjudication of liability but in view of
 all the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses which the Court of
 Chancery or such other court shall deem proper.

(c) To the extent that a present
 or former director or officer of a corporation has been successful on the merits or otherwise in defense of any action, suit or proceeding
 referred to in subsections (a) and (b) of this section, or in defense of any claim, issue or matter therein, such person shall be
 indemnified against expenses (including attorneys' fees) actually and reasonably incurred by such person in connection therewith.

(d) Any indemnification under
 subsections (a) and (b) of this section (unless ordered by a court) shall be made by the corporation only as authorized in the specific
 case upon a determination that indemnification of the present or former director, officer, employee or agent is proper in the circumstances
 because the person has met the applicable standard of conduct set forth in subsections (a) and (b) of this section. Such determination
 shall be made, with respect to a person who is a director or officer at the time of such determination, (1) by a majority vote of
 the directors who are not parties to such action, suit or proceeding, even though less than a quorum, or (2) by a committee of such
 directors designated by majority vote of such directors, even though less than a quorum, or (3) if there are no such directors, or
 if such directors so direct, by independent legal counsel in a written opinion, or (4) by the stockholders.

(e) Expenses (including attorneys'
 fees) incurred by an officer or director in defending any civil, criminal, administrative or investigative action, suit or proceeding
 may be paid by the corporation in advance of the final disposition of such action, suit or proceeding upon receipt of an undertaking
 by or on behalf of such director or officer to repay such amount if it shall ultimately be determined that such person is not entitled
 to be indemnified by the corporation as authorized in this section. Such expenses (including attorneys' fees) incurred by former
 officers and directors or other employees and agents may be so paid upon such terms and conditions, if any, as the corporation deems
 appropriate.

(f) The indemnification and
 advancement of expenses provided by, or granted pursuant to, the other subsections of this section shall not be deemed exclusive
 of any other rights to which those seeking indemnification or advancement of expenses may be entitled under any bylaw, agreement,
 vote of stockholders or disinterested directors or otherwise, both as to action in such person's official capacity and as to
 action in another capacity while holding such office. A right to indemnification or to advancement of expenses arising under a provision
 of the certificate of incorporation or a bylaw shall not be eliminated or impaired by an amendment to such provision after the occurrence
 of the act or omission that is the subject of the civil, criminal, administrative or investigative action, suit or proceeding for
 which indemnification or advancement of expenses is sought, unless the provision in effect at the time of such act or omission explicitly
 authorizes such elimination or impairment after such action or omission has occurred.

(g) A corporation shall have
 power to purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent of the corporation,
 or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership,
 joint venture, trust or other enterprise against any liability asserted against such person and incurred by such person in any such
 capacity, or arising out of such person's status as such, whether or not the corporation would have the power to indemnify
 such person against such liability under this section.

(h) For purposes of this section,
 references to "the corporation" shall include, in addition to the resulting corporation, any constituent corporation
 (including any constituent of a constituent) absorbed in a consolidation or merger which, if its separate existence had continued,
 would have had power and authority to indemnify its directors, officers, and employees or agents, so that any person who is or was
 a director, officer, employee or agent of such constituent corporation, or is or was serving at the request of such constituent corporation
 as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, shall stand
 in the same position under this section with respect to the resulting or surviving corporation as such person would have with respect
 to such constituent corporation if its separate existence had continued.

(i) For purposes of this section,
 references to "other enterprises" shall include employee benefit plans; references to "fines" shall include
 any excise taxes assessed on a person with respect to any employee benefit plan; and references to "serving at the request
 of the corporation" shall include any service as a director, officer, employee or agent of the corporation which imposes duties
 on, or involves services by, such director, officer, employee or agent with respect to an employee benefit plan, its participants
 or beneficiaries; and a person who acted in good faith and in a manner such person reasonably believed to be in the interest of the
 participants and beneficiaries of an employee benefit plan shall be deemed to have acted in a manner "not opposed to the best
 interests of the corporation" as referred to in this section.

(j) The indemnification and
 advancement of expenses provided by, or granted pursuant to, this section shall, unless otherwise provided when authorized or ratified,
 continue as to a person who has ceased to be a director, officer, employee or agent and shall inure to the benefit of the heirs,
 executors and administrators of such a person.

(k) The Court of Chancery is
 hereby vested with exclusive jurisdiction to hear and determine all actions for advancement of expenses or indemnification brought
 under this section or under any by law, agreement, vote of stockholders or disinterested directors, or otherwise. The Court of Chancery
 may summarily determine a corporation's obligation to advance expenses (including attorneys' fees).

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to our directors, officers, and controlling persons pursuant to the foregoing provisions, or otherwise, we have been advised that, in the opinion of the SEC, such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment of expenses incurred or paid by a director, officer or controlling person in a successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, we will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to the court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

In accordance with Section 102(b)(7) of the DGCL, our certificate of incorporation will provide that no director shall be personally liable to us or any of our stockholders for monetary damages resulting from breaches of their fiduciary duty as directors, except to the extent such limitation on or exemption from liability is not permitted under the DGCL. The effect of this provision of our certificate of incorporation is to eliminate our rights and those of our stockholders (through stockholders' derivative suits on our behalf) to recover monetary damages against a director for breach of the fiduciary duty of care as a director, including breaches resulting from negligent or grossly negligent behavior, except, as restricted by Section 102(b)(7) of the DGCL. However, this provision does not limit or eliminate our rights or the rights of any stockholder to seek non-monetary relief, such as an injunction or rescission, in the event of a breach of a director's duty of care.

If the DGCL is amended to authorize corporate action further eliminating or limiting the liability of directors, then, in accordance with our certificate of incorporation, the liability of our directors to us or our stockholders will be eliminated or limited to the fullest extent authorized by the DGCL, as so amended. Any repeal or amendment of provisions of our certificate of incorporation limiting or eliminating the liability of directors, whether by our stockholders or by changes in law, or the adoption of any other provisions inconsistent therewith, will (unless otherwise required by law) be prospective only, except to the extent such amendment or change in law permits us to further limit or eliminate the liability of directors on a retroactive basis.

Our certificate of incorporation will also provide that we will, to the fullest extent authorized or permitted by applicable law, indemnify our current and former officers and directors, as well as those persons who, while directors or officers of our corporation, are or were serving as directors, officers, employees or agents of another entity, trust or other enterprise, including service with respect to an employee benefit plan, in connection with any threatened, pending or completed proceeding, whether civil, criminal, administrative or investigative, against all expense, liability and loss (including, without limitation, attorney's fees, judgments, fines, ERISA excise taxes and penalties and amounts paid in settlement) reasonably incurred or suffered by any such person in connection with any such proceeding.

Notwithstanding the foregoing, a person eligible for indemnification pursuant to our certificate of incorporation will be indemnified by us in connection with a proceeding initiated by such person only if such proceeding was authorized by our board of directors, except for proceedings to enforce rights to indemnification.

The right to indemnification which will be conferred by our certificate of incorporation is a contract right that includes the right to be paid by us the expenses incurred in defending or otherwise participating in any proceeding referenced above in advance of its final disposition, provided, however, that if the DGCL requires, an advancement of expenses incurred by our officer or director (solely in the capacity as an officer or director of our corporation) will be made only upon delivery to us of an undertaking, by or on behalf of such officer or director, to repay all amounts so advanced if it is ultimately determined that such person is not entitled to be indemnified for such expenses under our certificate of incorporation or otherwise.

The rights to indemnification and advancement of expenses will not be deemed exclusive of any other rights which any person covered by our certificate of incorporation may have or hereafter acquire under law, our certificate of incorporation, our bylaws, an agreement, vote of stockholders or disinterested directors, or otherwise.

Any repeal or amendment of provisions of our certificate of incorporation affecting indemnification rights, whether by our stockholders or by changes in law, or the adoption of any other provisions inconsistent therewith, will (unless otherwise required by law) be prospective only, except to the extent such amendment or change in law permits us to provide broader indemnification rights on a retroactive basis, and will not in any way diminish or adversely affect any right or protection existing at the time of such repeal or amendment or adoption of such inconsistent provision with respect to any act or omission occurring prior to such repeal or amendment or adoption of such inconsistent provision. Our certificate of incorporation will also permit us, to the extent and in the manner authorized or permitted by law, to indemnify and to advance expenses to persons other that those specifically covered by our certificate of incorporation.

Our bylaws will include the provisions relating to advancement of expenses and indemnification rights consistent with those which will be set forth in our certificate of incorporation. In addition, our bylaws will provide for a right of indemnity to bring a suit in the event a claim for indemnification or advancement of expenses is not paid in full by us within a specified period of time. Our bylaws will also permit us to purchase and maintain insurance, at our expense, to protect us and/or any director, officer, employee or agent of our corporation or another entity, trust or other enterprise against any expense, liability or loss, whether or not we would have the power to indemnify such person against such expense, liability or loss under the DGCL.

Any repeal or amendment of provisions of our bylaws affecting indemnification rights, whether by our board of directors, stockholders or by changes in applicable law, or the adoption of any other provisions inconsistent therewith, will (unless otherwise required by law) be prospective only, except to the extent such amendment or change in law permits us to provide broader indemnification rights on a retroactive basis, and will not in any way diminish or adversely affect any right or protection existing thereunder with respect to any act or omission occurring prior to such repeal or amendment or adoption of such inconsistent provision.

We will enter into indemnification agreements with each of our officers and directors a form of which is to be filed as an exhibit to this Registration Statement. These agreements will require us to indemnify these individuals to the fullest extent permitted under Delaware law against liabilities that may arise by reason of their service to us, and to advance expenses incurred as a result of any proceeding against them as to which they could be indemnified.

Pursuant to the Underwriting Agreement to be filed as Exhibit 1.1 to this Registration Statement, we have agreed to indemnify the underwriters and the underwriters have agreed to indemnify us against certain civil liabilities that may be incurred in connection with this offering, including certain liabilities under the Securities Act.

**Item 15. Recent Sales of Unregistered Securities.**

On June 10, 2022, Cetus Sponsor LLC, our sponsor, subscribed to purchase an aggregate of 1,725,000 founder shares, for an aggregate offering price of $25,000 at an average purchase price of approximately $0.014 per share. On August 31, 2022, our sponsor converted all of its founder shares, which were originally issued as shares of our Class B common stock, into an equal number of shares of our Class A common stock on a one-for-one basis. On December 30, 2022, our sponsor surrendered to us for cancellation 287,500 shares of our Class A common stock for no consideration, resulting in our sponsor owning 1,437,500 shares of our Class A common stock, of which 187,500 are subject to forfeiture. The surrender was effective retroactively. The number of founder shares issued was determined based on the expectation that the founder shares would represent 20% of the outstanding shares of common stock upon completion of this offering. All such securities were issued in connection with our organization pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act. Our sponsor is an accredited investor for purposes of Rule 501 of Regulation D.

On or before the date of the prospectus accompanying this registration statement, our sponsor has agreed to purchase an aggregate of 262,500 placement units (or 286,875 placement units if the over-allotment option is exercised in full), at a price of $10.00 per placement unit, for an aggregate purchase price of $2,625,000 ($2,868,750 if the over-allotment option is exercised in full). These placement units will be issued pursuant to the exemption from registration contained in Section 4(2) of the Securities Act as they will be sold to "accredited investors" as defined in Rule 501(a) of the Securities Act. No underwriting discounts or commissions will be paid with respect to such sales. Subscription agreements will be entered into with our sponsor in connection with these placement units and copies of such agreements will be attached as exhibits to this registration statement.

**Item 16. Exhibits and Financial Statement Schedules.**

(a) *Exhibits.* The list
 of exhibits preceding the signature page to this registration statement is incorporated herein by reference.

(b) *Financial Statements.* See page F-1 for an index to the financial statements and schedules included in the registration statement.

**Item 17. Undertakings.**

&nbsp;&nbsp;&nbsp;&nbsp;(a) The undersigned registrant
 hereby undertakes to provide to the underwriters at the closing specified in the underwriting agreements, certificates in such denominations
 and registered in such names as required by the underwriters to permit prompt delivery to each purchaser.

(b) Insofar as indemnification
 for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant
 pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange
 Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that
 a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a
 director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted
 by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in
 the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the
 question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication
 of such issue.

(c) The undersigned registrant
 hereby undertakes that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) For purposes of determining
 any liability under the Securities Act of 1933, the information omitted from the form of prospectus filed as part of this registration
 statement in reliance upon Rule 430A and contained in a form of prospectus filed by the registrant pursuant to Rule 424(b)(1) or
 (4) or 497(h) under the Securities Act shall be deemed to be part of this registration statement as of the time it was declared effective.

(2) For the purpose of determining
 any liability under the Securities Act of 1933, each post-effective amendment that contains a form of prospectus shall be deemed
 to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall
 be deemed to be the initial bona fide offering thereof.

(3) For the purpose of determining
 liability under the Securities Act of 1933 to any purchaser, if the registrant is subject to Rule 430C, each prospectus filed pursuant
 to Rule 424(b) as part of a registration statement relating to an offering, other than registration statements relying on Rule 430B
 or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included in the registration statement
 as of the date it is first used after effectiveness. Provided, however, that no statement made in a registration statement or prospectus
 that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration
 statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior
 to such first use, supersede or modify any statement that was made in the registration statement or prospectus that was part of the
 registration statement or made in any such document immediately prior to such date of first use.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) For the purpose of determining
 liability of a registrant under the Securities Act of 1933 to any purchaser in the initial distribution of the securities, the undersigned
 registrant undertakes that in a primary offering of securities of an undersigned registrant pursuant to this registration statement,
 regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such
 purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will
 be considered to offer or sell such securities to such purchaser:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Any preliminary prospectus
 or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;

(ii) Any free writing prospectus
 relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by an undersigned registrant;

(iii) The portion of any other
 free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities
 provided by or on behalf of the undersigned registrant; and

(iv) Any other communication
 that is an offer in the offering made by the undersigned registrant to the purchaser.

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **Exhibit** | **Description** |
| 1.1 | [Form of Underwriting Agreement#](https://www.sec.gov/Archives/edgar/data/1936702/000149315223001833/ex1-1.htm) |
| 3.1 | [Certificate of Incorporation#](https://www.sec.gov/Archives/edgar/data/1936702/000149315222020489/ex3-1.htm) |
| 3.2 | [Amended and Restated Certificate of Incorporation#](https://www.sec.gov/Archives/edgar/data/1936702/000149315223001833/ex3-2.htm) |
| 3.3 | [By-Laws#](https://www.sec.gov/Archives/edgar/data/1936702/000149315222020489/ex3-3.htm) |
| 4.1 | [Specimen Unit Certificate#](https://www.sec.gov/Archives/edgar/data/1936702/000149315223001833/ex4-1.htm) |
| 4.2 | [Specimen Class A Common Stock Certificate#](https://www.sec.gov/Archives/edgar/data/1936702/000149315222025899/ex4-2.htm) |
| 4.3 | [Specimen Warrant Certificate (included in Exhibit 4.5)#](https://www.sec.gov/Archives/edgar/data/1936702/000149315223001833/ex4-5.htm) |
| 4.4 | [Specimen of Right Certificate#](https://www.sec.gov/Archives/edgar/data/1936702/000149315223001833/ex4-4.htm) |
| 4.5 | [Form of Warrant Agreement between Continental Stock Transfer & Trust Company and the Registrant#](https://www.sec.gov/Archives/edgar/data/1936702/000149315223001833/ex4-5.htm) |
| 4.6 | [Form of Rights Agreement between Continental Stock Transfer & Trust Company and the Registrant#](https://www.sec.gov/Archives/edgar/data/1936702/000149315223001833/ex4-6.htm) |
| 5.1 | [Opinion of Pryor Cashman LLP\*](ex5-1.htm) |
| 10.1 | [Form of Letter Agreement among the Registrant and our officers, directors, Cetus Sponsor LLC and EF Hutton#](https://www.sec.gov/Archives/edgar/data/1936702/000149315223001833/ex10-1.htm) |
| 10.2 | [Promissory Note, dated June 10, 2022, issued to Cetus Sponsor LLC#](https://www.sec.gov/Archives/edgar/data/1936702/000149315222020489/ex10-2.htm) |
| 10.3 | [Form of Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and the Registrant#](https://www.sec.gov/Archives/edgar/data/1936702/000149315223001833/ex10-3.htm) |
| 10.4 | [Form of Registration Rights Agreement between the Registrant and certain security holders#](https://www.sec.gov/Archives/edgar/data/1936702/000149315223001833/ex10-4.htm) |
| 10.5 | [Securities Subscription Agreement, dated June 10, 2022, between the Registrant and Cetus Sponsor LLC#](https://www.sec.gov/Archives/edgar/data/1936702/000149315222020489/ex10-5.htm) |
| 10.6 | [Form of Placement Unit Purchase Agreement between the Registrant and Cetus Sponsor LLC#](https://www.sec.gov/Archives/edgar/data/1936702/000149315223001833/ex10-6.htm) |
| 10.7 | [Form of Indemnity Agreement#](https://www.sec.gov/Archives/edgar/data/1936702/000149315222025899/ex10-7.htm) |
| 14.1 | [Form of Code of Ethics#](https://www.sec.gov/Archives/edgar/data/1936702/000149315222025899/ex14-1.htm) |
| 23.1 | [Consent of MaloneBailey, LLP#](https://www.sec.gov/Archives/edgar/data/1936702/000149315223001833/ex23-1.htm) |
| 23.2 | [Consent of Pryor Cashman LLP (included in Exhibit 5.1)\*](ex5-1.htm) |
| 24.1 | [Power of Attorney#](https://www.sec.gov/Archives/edgar/data/1936702/000149315222025899/forms-1a.htm#ed_001) |
| 99.1 | [Form of Audit Committee Charter#](https://www.sec.gov/Archives/edgar/data/1936702/000149315222025899/ex99-1.htm) |
| 99.2 | [Form of Compensation Committee Charter#](https://www.sec.gov/Archives/edgar/data/1936702/000149315222025899/ex99-2.htm) |
| 99.3 | [Consent of Cheng-Nan Wu#](https://www.sec.gov/Archives/edgar/data/1936702/000149315222020489/ex99-3.htm) |
| 99.4 | [Consent of Lin Bao#](https://www.sec.gov/Archives/edgar/data/1936702/000149315222020489/ex99-4.htm) |
| 99.5 | [Consent of Jung-Te Chang#](https://www.sec.gov/Archives/edgar/data/1936702/000149315222020489/ex99-5.htm) |
| 99.6 | [Consent of Grace F.L. Peng#](https://www.sec.gov/Archives/edgar/data/1936702/000149315222020489/ex99-6.htm) |
| 107 | [Filing Fees Exhibit\*](ex107.htm) |

---

# Previously filed. <br> \* Filed herewith.

**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Taipei, on the 25<sup>th</sup> day of January, 2023.

---

| | |
|:---|:---|
| **CETUS CAPITAL ACQUISITION CORP.** | **CETUS CAPITAL ACQUISITION CORP.** |
| By: | */s/ Chung-Yi Sun* |
| Name: | Chung-Yi Sun |
| Title: | Chief Executive Officer |

---

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| **Name** | **Position** | **Date** |
| */s/ Chung-Yi Sun* | Chief Executive Officer, President and Chairman of the Board of Directors | January 25, 2023 |
| Chung-Yi Sun | (principal executive officer) |  |
| */s/ Cheng-Nan Wu* | Chief Financial Officer and Secretary | January 25, 2023 |
| Cheng-Nan Wu | (principal financial and accounting officer) |  |

---

## Exhibit 5.1

**Exhibit 5.1**

January 25, 2023

Cetus Capital Acquisition Corp.

Floor 3, No. 6, Lane 99

Zhengda Second Street, Wenshan District

11602 Taipei, Taiwan, R.O.C.

Ladies and Gentlemen:

We have acted as counsel to Cetus Capital Acquisition Corp., a Delaware corporation (the "<u>Company</u>"), in connection with the preparation and filing of the Company's Registration Statement on Form S-1 (File No. 333-266363) (as amended, the "<u>Registration Statement</u>") initially filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the "<u>Securities Act</u>"), on July 28, 2022, relating to (x) the proposed offer and sale of up to 5,750,000 units of the Company, including the underwriters' over-allotment option (the "<u>Units</u>"), with each Unit consisting of one share (the "<u>Shares</u>") of Class A common stock of the Company, par value $0.0001 per share (the "<u>Common Stock</u>"), one redeemable warrant of the Company (the "<u>Warrants</u>"), each Warrant entitling the holder thereof to purchase one share of Common Stock (the "<u>Warrant Shares</u>"), and one right to receive one-sixth (1/6) of one share of Common Stock upon consummation of the Company's initial business combination (the "<u>Rights</u>", and the shares of Common Stock issuable upon the exchange thereof, the "<u>Rights Shares</u>"); and (y) the issuance to EF Hutton, division of Benchmark Investments, LLC, of up to 57,500 shares of Common Stock (the "<u>Representative's Shares</u>"). The Units, the Shares, the Warrants, the Warrant Shares, the Rights, the Rights Shares and the Representative's Shares are collectively referred to as the "<u>Securities</u>" herein.

In connection with rendering this opinion, we have examined originals, certified copies or copies otherwise identified as being true copies of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Registration Statement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the form of Underwriting Agreement included as Exhibit 1.1 to the Registration Statement (the "<u>Underwriting Agreement</u>");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the certificate of incorporation of the Company, as in effect on the date hereof and as amended to date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the bylaws of the Company, as in effect on the date hereof and as amended to date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the form of Warrant Agreement between the Company and Continental Stock Transfer & Trust Company, as Warrant Agent, including the specimen Warrant Certificate included therein, filed as Exhibit 4.4 to the Registration Statement (the "<u>Warrant Agreement</u>");

![](ex5-1_002.jpg)

Cetus Capital Acquisition Corp.

January 25, 2023

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) the form of Rights Agreement between the Company and Continental Stock Transfer & Trust Company, as Rights Agent, including the specimen Rights Certificate included therein, filed as Exhibit 4.5 to the Registration Statement (the "<u>Rights Agreement</u>");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) corporate proceedings of the Company relating to its proposed issuance of the Securities; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) such other instruments and documents as we have deemed relevant or necessary in connection with our opinions set forth herein.

We have made such examinations of law as we have deemed necessary to express the opinion contained herein. As to matters of fact relevant to this opinion, we have relied upon, and assumed without independent verification, the accuracy of certificates of public officials and officers of the Company. We have assumed the genuineness of all signatures, the legal capacity of natural persons, the authenticity of documents submitted to us as originals, the conformity to the original documents of all documents submitted to us as certified, facsimile or photostatic copies, and the authenticity of the originals of such copies. In addition, we have assumed that the Board of Directors of the Company or a committee thereof has taken action to set the sale price of the Units and the exercise price of the Warrants.

With regard to our opinion regarding the Warrants, the Warrant Shares, the Rights and the Rights Shares, we express no opinion as to whether a state court outside of the State of New York or a federal court of the United States would give effect to the choice of New York law provided in the Warrant Agreement or the Rights Agreement, as applicable. With regard to our opinion regarding the Warrants and the Warrant Shares, we express no opinion to the extent that, notwithstanding its current reservation of Warrant Shares, future issuances of securities of the Company, including the Warrant Shares, or anti-dilution adjustments to outstanding securities of the Company, including the Warrants, cause the Warrants to be exercisable for more Shares than the number that then remain authorized but unissued. Further, we have assumed the Exercise Price (as defined in the Warrants) of the Warrants will not be adjusted to an amount below the par value per share of the Common Stock.

Our opinions expressed herein are subject to the following qualifications and exceptions: (i) the effect of bankruptcy, insolvency, reorganization, arrangement, moratorium, or other similar laws relating to or affecting the rights of creditors generally, including, without limitation, laws relating to fraudulent transfers or conveyances, preferences, and equitable subordination; (ii) the effect of general principles of equity, including, without limitation, concepts of materiality, reasonableness, good faith and fair dealing (regardless of whether considered in a proceeding in equity or at law); and (iii) the remedy of specific performance and injunctive and other forms of equitable relief may be subject to the equitable defenses and to the discretion of the court before which any proceeding therefor may be brought. We express no opinion as to the enforceability of any indemnification or contribution provision, choice of law provision or as to the enforceability of any provision that may be deemed to constitute liquidated damages.

![](ex5-1_002.jpg)

Cetus Capital Acquisition Corp.

January 25, 2023

This opinion is limited in all respects to the General Corporation Law of the State of Delaware and, with respect to the Units, the Warrants and the Rights constituting valid, legally binding, and enforceable obligations of the Company, the laws of the State of New York, and we express no opinion as to the laws, statutes, rules or regulations of any other jurisdictions or any effect that such laws, statutes, rules or regulations may have on the opinions expressed herein. The reference and limitation to the "General Corporation Law of the State of Delaware" includes all applicable Delaware statutory provisions of law and reported judicial decisions interpreting these laws. Our opinion is based on these laws as in effect on the date hereof. We express no opinion to the extent that any other laws are applicable to the subject matter hereof and express no opinion and provide no assurance as to compliance with any federal or state securities law, rule or regulation. Where our opinions expressed herein refer to events to occur at a future date, we have assumed that there will have been no changes in the relevant law or facts between the date hereof and such future date. Our opinions expressed herein are limited to the matters expressly stated herein and no opinion is implied or may be inferred beyond the matters expressly stated. Not in limitation of the foregoing, we are not rendering any opinion as to the compliance with any other federal or state law, rule or regulation relating to securities, or to the sale or issuance thereof.

Based upon, subject to and limited by the foregoing, we are of the opinion that following (i) the execution and delivery by the Company of the Underwriting Agreement, (ii) the effectiveness of the Registration Statement and the completion of the offering as contemplated by the Registration Statement, (iii) the issuance of the Securities pursuant to the terms of the Underwriting Agreement and, to the extent applicable, the Warrant Agreement and the Rights Agreement, and (iv) the receipt by the Company of the consideration for the Securities specified in the resolutions of the Company's Board of Directors or a committee thereof:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Units will constitute valid and legally binding obligations of the Company enforceable in accordance with their terms;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The Shares and the Representative's Shares will be validly issued, fully paid and non-assessable;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. The Warrants will constitute valid and legally binding obligations of the Company enforceable in accordance with their terms;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. The Warrant Shares will be duly authorized and reserved for issuance, and when issued and delivered against payment therefor upon exercise of the Warrants in accordance with the terms of the Warrants and of the Warrant Agreement, will be validly issued, fully paid and non-assessable;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. The Rights will constitute valid and legally binding obligations of the Company enforceable in accordance with their terms; and

![](ex5-1_002.jpg)

Cetus Capital Acquisition Corp.

January 25, 2023

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. The Rights Shares will be duly authorized and reserved for issuance, and when issued and delivered in accordance with the terms of the Rights and of the Rights Agreement, will be validly issued, fully paid and non-assessable.

It is understood that this opinion is to be used only in connection with the offer, sale, and issuance of the Securities while the Registration Statement is in effect.

We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and to the use of our name under the caption "Legal Matters" in the Registration Statement. In giving this consent, we do not admit that we are "experts" within the meaning of Section 11 of the Securities Act or within the category of persons whose consent is required by Section 7 of the Securities Act.

---

| |
|:---|
| Very truly yours, |
| /s/ Pryor Cashman LLP |
| Pryor Cashman LLP |

---

## Ex-Filing

**Exhibit 107**

EX-FILING FEES

**Calculation of Filing Fee Tables**

**S-1**

(Form Type)

**Cetus Capital Acquisition Corp.**

(Exact Name of Registrant as Specified in its Charter)

<u>Table 1: Newly Registered and Carry Forward Securities</u>

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Security Type** | **Security Class Title** | **Fee Calculation or Carry Forward Rule** | **Amount**<br> **Registered** | **Proposed Maximum Offering Price Per**<br> **Unit** | **Maximum Aggregate Offering Price(1)** | **Fee Rate** | **Amount of Registration Fee** | **Carry Forward Form Type** | **Carry Forward File Number** | **Carry Forward Initial effective**<br> **date** | **Filing Fee Previously Paid In Connection with Unsold Securities to be Carried Forward** |
| **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** |
| Fees Previously Paid | Other | Rights included as part of the Units(7) | 457 (g) | 5750000 |  |  |  |  |  |  |  |  |
| Fees Previously Paid | Equity | Class A Common Stock underlying Rights(5) |  | 958333 |  |  |  |  |  |  |  |  |
| Fees Previously Paid | Equity | Units(2) |  | 5750000 | $10.00 | $57500000 | $0.0000927 | $5330.25 |  |  |  |  |
| Fees Previously Paid | Equity  | Class A common stock(3)(5) |  | 5750000 |  |  |  |  |  |  |  |  |
| Fees Previously Paid | Equity | Redeemable Warrants(4)(5) |  | 5750000 |  |  |  |  |  |  |  |  |
| Fees Previously Paid | Equity  | Class A common stock(5)(6) |  | 57500 |  | $575000 | $0.0000927 | $53.31 |  |  |  |  |
| **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** |
| Carry Forward Securities |  |  |  |  |  |  |  |  |  |  |  |  |
|  | **Total Offering Amounts** | **Total Offering Amounts** | **Total Offering Amounts** | **Total Offering Amounts** |  | $58075000 |  | $5383.56 |  |  |  |  |
|  | **Total Fees Previously Paid** | **Total Fees Previously Paid** | **Total Fees Previously Paid** | **Total Fees Previously Paid** |  |  |  | $7099.90 |  |  |  |  |
|  | **Total Fee Offsets** | **Total Fee Offsets** | **Total Fee Offsets** | **Total Fee Offsets** |  |  |  | 0 |  |  |  |  |
|  | **Net Fee Due** | **Net Fee Due** | **Net Fee Due** | **Net Fee Due** |  |  |  | $0 |  |  |  |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Estimated
 solely for the purpose of calculating the registration fee pursuant to Rule 457(o) under
 the Securities Act of 1933, as amended (the "Securities Act").

(2) Each
 Unit consists of one share of Class A common stock, $0.0001 par value, one redeemable warrant
 and one right to receive one-sixth (1/6) of one share of Class A common stock upon
 consummation of the registrant's initial busines combination.

(3) The shares of Class A common
 stock, $0.0001 par value, are included in the Units. Pursuant to Rule 457(g) under the Securities Act, no separate
 filing fee is due.

(4) The redeemable warrants
 are included in the Units. Each redeemable warrant is exercisable for one share of Class A common stock. Pursuant
 to Rule 457(g) under the Securities Act, no separate filing fee is due.

(5) Pursuant to Rule 416 under
 the Securities Act, there are also being registered an indeterminable number of additional securities as may be
 issued to prevent dilution resulting from stock splits, stock dividends or similar transactions.

(6) Represents shares of Class
 A common stock that may be issued to the representative of the underwriters of the registrant's initial public
 offering upon the closing of the initial public offering.

(7) The
 rights are included in the Units. Each right entitles the holder to receive one-sixth
 (1/6) of one share of Class A common stock upon consummation of the registrant's
 initial business combination. Pursuant to Rule 457(g) under the Securities Act, no separate
 filing fee is due.