other material
confidence high
sentiment neutral
materiality 0.50
Catalyst Acquisition Corp. closes $200M IPO and $2.7M private placement; trust funded
Catalyst Acquisition Corp.
- IPO of 20M units at $10.00/unit raised $200M gross; each unit includes one Class A share and one right.
- Simultaneous private placement of 270K units to sponsor raised $2.7M; total trust proceeds $200M.
- On Aug 4, 2026, underwriter partially exercised over-allotment, purchasing 1.15M additional units for $11.5M.
- Audited balance sheet shows $200M in trust, $1.75M cash outside trust, and $10.4M accumulated deficit.
- Company has 24 months from IPO to complete initial business combination or will liquidate.