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

Rhea-AI Summary

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.

Positive

• $200 million gross proceeds targeted from 20,000,000 units at $10.00
• Listing on Nasdaq for units (CATLU), shares (CATL) and rights (CATLR)
• Underwriter over-allotment option for up to 3,000,000 additional units

Negative

• Unit structure adds dilution via rights for one-seventh additional Class A share per unit
• Underwriter over-allotment option may increase total units by up to 15%

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SANTA MONICA, July 27, 2026 (GLOBE NEWSWIRE) -- Catalyst Acquisition Corp. (“Catalyst” or the “Company”) announced today that it priced its initial public offering of 20,000,000 units at $10.00 per unit. The units will be listed on The Nasdaq Stock Market LLC (“Nasdaq”) and trade under the ticker symbol “CATLU” beginning July 28, 2026. Each unit consists of one Class A ordinary share and one right entitling the holder thereof to receive one-seventh of one Class A ordinary share upon the consummation of an initial business combination. The Class A ordinary shares and rights comprising the units are expected to begin separate trading no later than the 52^nd day following this date. Once the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to be listed on the Nasdaq under the symbols “CATL” and “CATLR,” respectively.

Santander is acting as sole book-running manager. 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 to cover over-allotments, if any.

The offering was made by means of a prospectus. Copies of the prospectus may be obtained from Santander US Capital Markets LLC, 437 Madison Avenue, New York, NY 10022, Attention: ECM Syndicate, by email at equity-syndicate@santander.us, or by telephone at 833-818-1602.

A registration statement relating to the securities became effective on July 27, 2026. 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. The offering is expected to close on July 29, 2026, subject to customary closing conditions.

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 proposed initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or 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 preliminary prospectus for the Company’s offering filed with the U.S. Securities and Exchange Commission (the “SEC”). Copies of these documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Investor Contact:

Catalyst Acquisition Corp.
(310) 404-1687

FAQ

What are the key terms of the Catalyst Acquisition Corp. (NASDAQ: CATL) IPO?

Catalyst Acquisition Corp. priced 20,000,000 units at $10.00 each, targeting about $200 million in gross proceeds. According to Catalyst Acquisition Corp., each unit includes one Class A share and one right to receive one-seventh of a Class A share.

When will Catalyst Acquisition Corp. (CATL) units and shares start trading on Nasdaq?

Catalyst Acquisition Corp. units are expected to begin trading on Nasdaq as CATLU on July 28, 2026. According to Catalyst Acquisition Corp., the Class A shares (CATL) and rights (CATLR) should trade separately no later than the 52nd day after pricing.

What does each Catalyst Acquisition Corp. (CATL) unit include for IPO investors?

Each Catalyst Acquisition Corp. unit includes 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 ordinary share upon completion of an initial business combination.

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

The underwriter has a 45-day option to buy up to 3,000,000 additional units at the IPO price. According to Catalyst Acquisition Corp., this over-allotment option is intended to cover any over-allotments in the offering, potentially increasing total proceeds.

When is the Catalyst Acquisition Corp. (CATL) IPO expected to close?

The Catalyst Acquisition Corp. IPO is expected to close on July 29, 2026, following pricing on July 27, 2026. According to Catalyst Acquisition Corp., the closing remains subject to customary closing conditions typical for U.S. equity offerings.

What is the stock symbol for Catalyst Acquisition Corp. Class A shares after the IPO?

After units begin separate trading, Catalyst Acquisition Corp. Class A ordinary shares are expected to trade on Nasdaq under CATL. According to Catalyst Acquisition Corp., the associated rights are expected to trade separately under the symbol CATLR.