You are looking to use the new Pentax GPS unit?
It should be possible to build something that will work using the Pentax F hot shoe adapter system components (or one of the 3rd party knock offs). You can build a set that will give you an on camera adapter with P-TTL pass through, a remote cord, and a second off camera hot shoe that is P-TTL capable. I expect that you would then be able to run your GPS unit and your Cactus trigger at the same time.
Depending on which camera body your have, it should also be possible to run the GPS unit off of the hot shoe on the camera and trigger the Cactus using the PC port on the body.
Pentax Hot Shoe Adapter F 31022 B&H Photo Video pentax flash cord