Corporate ActionAug 4, 2026, 05:38 PM
Catalyst Acquisition Corp. Raises $214.2M from IPO & Over-Allotment
AI Summary
Catalyst Acquisition Corp. completed its Initial Public Offering (IPO) of 20,000,000 units, raising $200,000,000. Concurrently, a private placement of 270,000 units generated an additional $2,700,000. On August 4, 2026, the underwriter partially exercised its over-allotment option, purchasing 1,150,000 additional units for $11,500,000, bringing the total capital raised to $214,200,000. A total of $200,000,000 from the initial IPO and private placement was placed in a trust account.
Key Highlights
- Initial Public Offering (IPO) of 20,000,000 units generated $200,000,000 gross proceeds.
- Private placement of 270,000 units generated $2,700,000 gross proceeds.
- Underwriter partially exercised over-allotment option for 1,150,000 units, raising an additional $11,500,000.
- Total gross proceeds from the IPO, private placement, and over-allotment reached $214,200,000.
- $200,000,000 from the IPO and private placement was placed in a U.S.-based trust account.
- Audited balance sheet as of July 29, 2026, showed $200,000,000 cash held in the Trust Account.
- Total Assets as of July 29, 2026, were $201,915,212.
Price Impact