Corporate ActionJul 29, 2026, 04:13 PM
Catalyst Acquisition Corp. Closes $200M IPO
AI Summary
Catalyst Acquisition Corp. announced the closing of its $200 million initial public offering of 20,000,000 units at $10.00 per unit. Concurrently, the company completed a private placement of 270,000 units to its Sponsor for $2.7 million. Additionally, new directors Melvin D. Lindsey, Richard W. Cook, and Christopher Heatherly were appointed to the Board and various committees, and several material agreements related to the IPO were executed.
Key Highlights
- Catalyst Acquisition Corp. closed its initial public offering of 20,000,000 units.
- The IPO generated gross proceeds of $200,000,000 at $10.00 per unit.
- The underwriter has a 45-day option to purchase up to an additional 3,000,000 units.
- Simultaneously, 270,000 private placement units were sold to the Sponsor for $2,700,000.
- Melvin D. Lindsey, Richard W. Cook, and Christopher Heatherly were appointed to the Board of Directors.
- New directors were assigned to the Audit, Compensation, and Corporate Governance and Nominating Committees.
- The company entered into several material agreements, including an Underwriting Agreement and Trust Agreement.
Price Impact