Catalyst Partners Acquisition Corp. Announces Pricing of $300 Million Initial Public Offering
18 Mai 2021 - 6:32AM
Catalyst Partners Acquisition Corp. (the “Company”) announced today
that it priced its initial public offering of 30,000,000 units at a
price of $10.00 per unit. The units will be listed on the Nasdaq
Stock Market, LLC (“Nasdaq”) and will trade under the ticker symbol
“CPARU” beginning May 18, 2021. Each unit consists of one Class A
ordinary share of the Company and one-fifth of one redeemable
warrant. Each whole warrant entitles the holder thereof to purchase
one Class A ordinary share at a price of $11.50 per share. Once the
securities comprising the units begin separate trading, the Class A
ordinary shares and redeemable warrants are expected to be listed
on the Nasdaq under the symbols “CPAR” and “CPARW,” respectively.
The offering is expected to close on May 20, 2021, subject to
customary closing conditions.
The Company is a newly organized blank check company, formed by
Dr. James I. Cash, Paul Sagan, Robin L. Washington, Evan Sotiriou,
Kevin King, Kenneth I. Chenault, Ann Fudge, David J. Grain, Steven
S. Reinemund, and Corey E. Thomas, for the purpose of effecting a
merger, share exchange, asset acquisition, share purchase,
reorganization, or similar business combination with one or more
businesses or entities.
Although the Company will not be limited to a particular
industry, it intends to invest in an innovator or innovators
focused on building an enduring company in the enterprise software
sector.
Goldman Sachs & Co. LLC is acting as lead bookrunning
manager for the offering. The Company has granted the underwriters
a 45-day option to purchase up to an additional 4,500,000 units
securities at the initial public offering price to cover
over-allotments, if any.
The offering is being made only by means of a prospectus. Copies
of the prospectus relating to the offering may be obtained by
contacting Goldman Sachs & Co. LLC, Attention: Prospectus
Department, 200 West Street, New York, New York 10282, or by
telephone at (866) 471-2526, or by email at
prospectus-ny@ny.email.gs.com. Copies of the prospectus relating to
this offering, when available, may also be obtained for free by
visiting EDGAR on the SEC’s website at www.sec.gov.
A registration statement relating to the securities became
effective on May 17, 2021. This press release shall not constitute
an offer to sell or a 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.
Cautionary Note Concerning 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 registration
statement and preliminary prospectus for the Company’s offering
filed with the SEC. Copies 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.
For all press inquiries, please email
jzimmerman@generalcatalyst.com.
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