The blank-check firm priced its IPO at $10 per unit to target video game publishers and digital media platforms.
Catalyst Acquisition Corp. (NASDAQ:CATL) raised $200 million in its initial public offering, pricing units at $10 each. The SPAC aims to acquire video game publishers, mobile studios, and digital media platforms but has not yet identified a target.
The launch occurs in a selective 2026 new-issue market, where structured products and consumer names dominate. Catalyst’s focus on gaming and media stands out as a bet on reaccelerating M&A in the sector. Units typically trade near trust value until a deal is announced.
The SPAC listed three securities on the Nasdaq Global Market: CATLU (units), CATL (Class A shares), and CATLR (rights). Santander US Capital Markets led the offering.