Reported Earlier, Catalyst Acquisition Corp Prices $200M Initial Public Offering Of 20M Units At $10.00 Per Unit
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.
A new company called Catalyst Acquisition Corp just raised $200 million by selling 20 million units to investors at $10 each. This is like a blank-check company that will use this money to buy or merge with another business in the future.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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