Catalyst Acquisition, a blank check company targeting traditional and digital media, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock, and one right to receive one-seventh of one share at the time of the business combination.
Catalyst Acquisition is led by Co-CEO and Director Steven Beeks, the former Co-COO of Lionsgate (NYSE: LION) and President of the Motion Picture Group. He is joined by Co-CEO and Director Nicolas van Dyk, the former Chief Strategic Officer of Nexon (TSE: 3659) and President of Nexon Filmed Entertainment. The SPAC intends to target traditional and digital media sectors, including video game companies, mobile gaming, publishers, studios, and media platforms.
The Santa Monica, CA-based company will trade on the Nasdaq under the symbol CATLU. Santander acted as sole bookrunner on the deal.
