Recent Updates — CATL

Catalyst Acquisition Corp. consummated its initial public offering on July 29, 2026, selling 20,000,000 units at $10.00 per unit for gross proceeds of $200 million. Simultaneously, the company completed a private placement of 270,000 units to its sponsor, Catalyst Sponsor LLC, generating an additional $2.7 million in aggregate proceeds. The IPO units consist of one Class A ordinary share and one right entitling holders to receive one-seventh of a share upon completion of a business combination. Proceeds from both transactions were deposited into a U.S.-based trust account managed by Continental Stock Transfer & Trust Company. The company appointed Melvin D. Lindsey, Richard W. Cook, and Christopher Heatherly to its board of directors and established key committee leadership roles. Catalyst Acquisition Corp. is a blank check company focused on effecting a merger or business combination with targets in the traditional and digital media sectors.