Catalyst Acquisition Corp. Announces Closing of $200 Million Initial Public Offering

Rhea-AI Summary

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.

Positive

• $200 million raised via IPO of 20,000,000 units at $10.00
• Full gross proceeds of $10.00 per unit deposited into trust account
• Units began trading on Nasdaq under ticker CATLU on July 28, 2026
• Underwriter granted 45-day option for up to 3,000,000 additional units

Negative

• None.

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New York, New York, July 29, 2026 (GLOBE NEWSWIRE) -- Catalyst Acquisition Corp. (NASDAQ: CATLU) (the “Company”) today announced the closing of its initial public offering of 20,000,000 units at an offering price of $10.00 per unit. Each unit issued in the offering consists of one Class A ordinary share of the Company and one right, each right entitling the holder thereof to receive one-seventh of one Class A ordinary share upon the consummation of an initial business combination. In connection with the offering, $10.00 per unit was deposited into a trust account with Continental Stock Transfer & Trust acting as trustee. The Company’s units began trading on The Nasdaq Stock Market LLC (“Nasdaq”) on July 28, 2026, under the ticker symbol “CATLU.” Once the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to be listed on Nasdaq under the symbols “CATL” and “CATLR,” respectively.

Santander acted as the sole book-running manager for the offering. The Company has granted the underwriter a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price less the underwriting discount to cover over-allotments, if any.

A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission on July 27, 2026. The Offering was made only by means of a prospectus. Copies of the prospectus relating to this offering may be obtained from Santander US Capital Markets LLC, 437 Madison Avenue, New York, NY 10022, Attention: ECM Syndicate by telephone at (833) 818-1602 or by email at equity-syndicate@santander.us, or by accessing the SEC’s website, www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Catalyst Acquisition Corp.

The Company is a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue a business combination in any business or industry, it intends to focus on opportunities in traditional and digital media sectors including, but not limited to, video game companies, mobile gaming, publishers, studios and media platforms. The Company is led by its co-Chief Executive Officers Steven P. Beeks and Nicolas A. van Dyk, and its Chief Financial Officer Craig A. Elson. Melvin D. Lindsey, Richard W. Cook and Christopher Heatherly will be serving as board members.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering and the anticipated use of the net proceeds of the initial public offering and the simultaneous private placement. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the offering filed with the Securities and Exchange Commission. The Company undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law.

Contact Information:

Catalyst Acquisition Corp.
(310) 404-1687

FAQ

How large is the Catalyst Acquisition Corp. (NASDAQ: CATL) IPO completed on July 29, 2026?

Catalyst Acquisition Corp. completed a $200 million IPO, selling 20,000,000 units at $10.00 per unit. According to Catalyst Acquisition Corp., all IPO proceeds of $10.00 per unit were deposited into a dedicated trust account for the benefit of public shareholders.

What does each Catalyst Acquisition Corp. (CATL) unit include from the July 2026 IPO?

Each unit consists of one Class A ordinary share and one right. According to Catalyst Acquisition Corp., each right entitles the holder to receive one-seventh of one Class A share upon completion of the company’s initial business combination, subject to the stated terms.

When did Catalyst Acquisition Corp. (CATLU, CATL, CATLR) start trading on Nasdaq?

The units of Catalyst Acquisition Corp. began trading on Nasdaq on July 28, 2026 under ticker CATLU. According to Catalyst Acquisition Corp., once separated, the Class A shares and rights are expected to trade under CATL and CATLR, respectively, on the same exchange.

What is the over-allotment option in the Catalyst Acquisition Corp. (CATL) IPO?

The company granted the underwriter a 45-day option to buy up to 3,000,000 additional units. According to Catalyst Acquisition Corp., these units may be purchased at the IPO price, less underwriting discount, to cover any over-allotments that occur in the offering.

How are Catalyst Acquisition Corp. (CATL) IPO proceeds safeguarded for investors?

IPO proceeds of $10.00 per unit were deposited into a trust account. According to Catalyst Acquisition Corp., Continental Stock Transfer & Trust acts as trustee, holding the funds in trust until the company completes its initial business combination or otherwise distributes funds as required.

Which bank managed the Catalyst Acquisition Corp. (CATL) July 2026 IPO?

Santander acted as the sole book-running manager for the offering. According to Catalyst Acquisition Corp., investors can obtain the IPO prospectus from Santander US Capital Markets by mail, phone, or email, or by accessing the public filings available on the U.S. Securities and Exchange Commission website.