Catalyst Partners Acquisition priced its IPO of 30 million units at $10 each.
Units begin trading today on the Nasdaq under CPARU. Each consists of one Class A ordinary share and one-fifth of one redeemable warrant. Whole warrants are exercisable at $11.50. Once the securities comprising the units begin separate trading, shares and redeemable warrants are expected to list under CPAR and CPARW, respectively.
The offering is expected to close May 20.
Catalyst cut the deal size by 25 percent ahead of the IPO, down from the initial registration of 40 million units. The SPAC plans to target disruptive software companies. Read more.
