Catalyst Acquisition Corp. (CATL) will allow separate trading of the Class A ordinary shares and rights contained in its IPO units starting September 17, 2026. Holders of units sold in the initial public offering may elect to separate these securities, with only whole rights eligible to trade and no fractional rights issued upon separation.
Once separated, the Class A ordinary shares will trade on the Nasdaq Stock Market under the symbol “CATL” and the rights will trade under “CATLR”. Units that are not separated will continue to trade on Nasdaq under the existing symbol “CATLU”. The company describes itself as a SPAC formed to pursue a business combination, with an intended focus on traditional and digital media sectors, including video games, mobile gaming, publishers, studios and media platforms.
Catalyst Acquisition Corp. (NASDAQ: CATLU) closed its $200 million initial public offering, issuing 20,000,000 units at $10.00 per unit. Each unit includes one Class A ordinary share and one right, with each right granting one-seventh of one Class A share upon completion of an initial business combination.
According to Catalyst Acquisition Corp., $10.00 per unit was deposited into a trust account with Continental Stock Transfer & Trust as trustee. The units began trading on Nasdaq on July 28, 2026 under CATLU, with the Class A shares and rights expected to trade separately as CATL and CATLR. Santander served as sole book-running manager, and the company granted the underwriter a 45-day option to purchase up to 3,000,000 additional units to cover over-allotments.
Catalyst Acquisition Corp. (Nasdaq: CATLU/CATL) priced its initial public offering of 20,000,000 units at $10.00 per unit, for gross proceeds of approximately $200 million. The units are expected to begin trading on Nasdaq under the symbol CATLU on July 28, 2026.
Each unit includes one Class A ordinary share and one right to receive one-seventh of one Class A ordinary share upon consummation of an initial business combination. The Class A shares and rights are expected to trade separately no later than the 52nd day after pricing, under symbols CATL and CATLR, respectively. Santander is sole book-running manager, and the underwriter has a 45-day option to purchase up to 3,000,000 additional units at the IPO price to cover over-allotments. According to Catalyst, the offering is expected to close on July 29, 2026, subject to customary closing conditions.