Quick Read – Catalyst Acquisition Corp. raised $200 million at $10 per unit targeting video game publishers, mobile studios, and digital media platforms. – CATL units trade near trust value until a deal is announced; Jim Cramer warns never to buy a SPAC before knowing the terms….
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A new blank-check vehicle just hit the public markets with its sights set on the video game and media industries. Catalyst Acquisition (NASDAQ:CATL) priced its IPO at $10 per unit, raising $200 million to hunt for acquisition targets across gaming and digital media. The SPAC is listing three securities on the NASDAQ Global Market: CATLU for the units, CATL for the Class A shares and CATLR for the rights.
Santander U.S. Capital Markets is running the deal. Why This SPAC Is Targeting Digital Media Per the filing, Catalyst plans to target the traditional and digital media sector, including video games, mobile gaming, publishers, studios and media platforms.