Catalyst Partners Acquisition (CPARU) Prices $300M IPO


Catalyst Partners Acquisition (CPARU) Prices $300M IPO

May 18, 2021 IPOs by Marlena Haddad

Catalyst Partners Acquisition (NASDAQ:CPARU) announced the pricing of its $300 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CPARU” Tuesday, May 18.

The new SPAC aims to combine with a company that benefits from a number of trends including cybersecurity software, data and analytics software, next-generation infrastructure software, and application software. Catalyst Partners is led by CEO and Chairman Dr. James I. Cash, President and Vice Chairman Paul Sagan, and Chief Development Officer Robin L. Washington.

Total SPAC deal count for 2021 year-to-date is now 320. This offering is expected to close on Thursday, May 20.

Goldman Sachs is acting as the sole book-running managers of the offering.  Kirkland & Ellis LLP is serving as Issuer’s Counsel with Ropes & Gray LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.