Catalyst Partners Acquisition Corp. liquidates: ~$10.18 per share redemption, warrants expire worthless

Catalyst Partners Acquisition Corp.

Shareholders approved amendment accelerating termination date from May 20, 2023 to Jan 31, 2023.
Voluntary redemptions of 33.07M Class A shares for ~$336.6M (~$10.18 per share) processed.
Remaining trust balance ~$13.15M to be distributed to public shareholders at ~$10.18 per share.
Warrants expire worthless; Nasdaq to delist securities; Company to file Form 15 to terminate SEC registration.

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Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Catalyst Partners Acquisition Corp.: Accelerated the deadline to complete a business combination from May 20, 2023 to January 31, 2023 (effective 2023-01-31).

Change: charter amendment
Effective: 2023-01-31

Exact text from the filing

(i) an amendment (the “Charter Amendment”) to the Company’s Amended and Restated Memorandum and Articles of Association (the “Charter”) to accelerate the date by which the Company must cease all operations, except for the purpose of winding up, if it fails to complete a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination, from May 20, 2023 (the “Original Termination Date”) to January 31, 2023 (the “Amended Termination Date”)

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Catalyst Partners Acquisition Corp. shareholders approved amend the Company's Charter to accelerate the date by which the Company must cease all operations, except for the purpose of winding up, if it fails to complete a business combination, from May 20, 2023 to January 31, 2023 at the 2023-01-31 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-01-31

Exact text from the filing

To amend the Company’s Charter to accelerate the date by which the Company must cease all operations, except for the purpose of winding up, if it fails to complete a merger, share exchange, asset acquisition, share purchase, reorganisation or similar business combination involving the Company, from May 20, 2023 to January 31, 2023. The Charter Amendment Proposal was approved. The voting results of the Charter Amendment Proposal were as follows: For Against Abstain 35,737,670 2,326 1,267

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Catalyst Partners Acquisition Corp. shareholders approved amend the Trust Agreement, by and between the Company and Continental, to accelerate the date on which Continental must commence liquidation of the Trust Account established in connection with the Company’s initial public offering to January 31, 2023 at the 2023-01-31 meeting.

Outcome: passed
Meeting: 2023-01-31

Exact text from the filing

To amend the Trust Agreement, by and between the Company and Continental, pursuant to an amendment to the Trust Agreement in the form set forth in Annex A of the Proxy Statement, to accelerate the date on which Continental must commence liquidation of the Trust Account established in connection with the Company’s initial public offering to January 31, 2023. The Trust Amendment Proposal was approved. The voting results of the Trust Amendment Proposal were as follows: For Against Abstain 35,737,670 2,226 1,367

View on SEC.gov

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Source: SEC EDGAR

accession 0001104659-23-008684

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