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Catalyst Acquisition

CATL · Nasdaq · Media/Consumer

No election on fileSearching

NO ACTION REQUIRED

Nothing required today

No redemption election is on file for this SPAC. A date appears here the day one is filed.

Nextoutside date29 July 2028

Not a redemption window — reaching it gives you no right to cash.

$10.00 cash floor$9.98
28 Jul10 closes · floor filed 28 Jul10 AugThe shaded band is the distance between the price and the cash floor — what a redemption would pay you, or cost you, on the day.

SpacBrain’s read

Floor not confirmed

No redemption window has closed — but no dated redemption election is on file for this name either, so we cannot show you a date to act by.

What we do have: no window has closed, and the deadline we compute for it runs to 28 July 2028 — our arithmetic off the IPO date and the charter term, not a date any filing we hold states. That deadline is not itself a window you can redeem into. The full chain of evidence is under Evidence.

Change on the last daily close0.0% day

That is $0.02 below the $10.00 of cash held per share as last filed — though the right to claim that cash is not confirmed on file. Against our ESTIMATE of what the trust holds today — ~$10.05, the filed figure carried forward at the T-bill — the same price is 0.7% below the cash. That estimate is our arithmetic, not a filing.


In plain terms

What it is
A $200M SPAC from Catalyst Sponsor LLC, listed on Nasdaq in July 2026.
What it's doing now
It is still looking: no purchase has been announced. No filing we hold states the date it has to agree one by; our own estimate, from the IPO date and the charter term, is 28 July 2028. After that date it must ask shareholders for more time, or give the money back and close.
What you should know
We have no filed date on which you could claim the cash back, so we cannot tell you a day to act by. That is a gap in the public record, not a statement that the right has gone.

At a glance

Where it stands
Searching · next dated event 29 July 2028
Outside date — not a date on which you can claim cash.
Merging with
No target announced — still searching.
Industry
Media/Consumer
What it set out to buy: Media/Consumer
Deal value
not stated in the filings we hold
Price vs cash floor
$9.98 vs $10.00
$0.02 below the last filed cash held for you; 0.7% below cash against our estimated ~$10.05
Cash left in trust
not yet extracted into a snapshot — the filings below may state it
IPO
28 July 2026
$200M raised · 100.0% of each $10 unit into trust
Headquarters
1007 OCEAN AVENUE UNIT 401, SANTA MONICA, CA, 90403
registered in the Cayman Islands
Lead underwriter
Santander US Capital Markets LLC
Key officers
Beeks Steve (Co-CEO) · van Dyk Nicolas Anton (Co-CEO) · Cook Richard Webster (Director)
Listed securities
CATL common · CATLU unit $10.34
Cash held per share$10.00

As last filed, 28 July 2026.

source: 424B4 acc 0001213900-26-081980

Cash per share today (estimate)~$10.05

Modelled, not filed: $10.00 filed 28 July 2026, compounded 44 days at the 3.95% 3-month T-bill (treasury.gov daily par yield curve). No tax drag, extension deposits or dissolution costs are modelled.

Price against the cash
vs last filed NAV
0.2%below cash
$10.00, 424B4 as of Jul 28, 2026, acc 0001213900-26-081980
vs estimated NAV today (our estimate)
0.7%below cash
~$10.05, accrued 44 days at 3.95%

Two denominators, one price. The filed figure is what a document says the trust held on its date; the estimate carries it forward at the T-bill for the days since, which is our arithmetic and not a filing.

Next date that matters29 July 2028

A contractual long-stop for closing a deal. It is not a redemption window and gives you no right to cash. What an outside date is →

Yield to redemption

No dated redemption window on file — no yield to compute.

We hold no redemption election for this SPAC. The only dated event on file is the outside date on Jul 29, 2028, which pays a holder nothing — so no yield can be measured to it. An unsourced date would make the yield look filed when it is not.


What is protecting this price

The reasoning behind the verdict above, in the order the filings establish it.

  1. No dated redemption election is on file for this name. That is an absence in the record, not proof that the right has gone — but it does mean this page cannot tell you a day to act by.
  2. Cash held in trust is $10.00 per share as last filed. That is the figure a redemption pays out at, plus whatever interest the trust earns between the filing and the window.
  3. The charter runs to a date no filing we hold states; from the IPO date and the charter term we estimate 28 July 2028. Whenever it falls, if no deal closes by then the trust is returned to holders — a floor of a different kind: it pays out, but you do not choose when, and this one you should read out of the prospectus yourself.

What has happened, and what is coming

2 dated milestones

Every dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.

  1. 28 July 2026IPOpassed

    $200M raised into trust


The score

deterministic, from filed fields

CATL is not in the scored universe, so no score is shown. A withheld score is a fact about the record, not a verdict about the company.

Asymmetric return scoreNo cash-per-share figure is on file, and the score measures the price against it. The dial stays empty rather than modelling a floor.

The score is only published for names that carry both a price and a filed cash-per-share figure — 292 of the tracked fleet today. The rest keep an empty dial rather than a modelled one, and fill in by themselves as the fields land.

See the names that are scored, and how


The company

from SEC filings
Read the full profile

Catalyst Acquisition Corp. is a $200 million Nasdaq SPAC focused on traditional and digital media sectors including video game companies, mobile gaming, publishers, studios, and media platforms. Headquartered at 1007 Ocean Avenue, Suite 501, Santa Monica, California, the company is led by Steven P. Beeks, who serves as the named agent for service and is identified in the S-1 filing. The sponsor is Catalyst Sponsor LLC, which acquired 5,750,000 Class B founder shares for approximately $25,000 prior to the offering and has agreed to purchase 270,000 private placement units at $10.00 per unit ($2,700,000 aggregate) in a concurrent private placement closing simultaneously with the IPO.

The company's initial public offering closed on July 28, 2026, raising $200,000,000 through the sale of 20,000,000 units at $10.00 per unit, with each unit consisting of one Class A ordinary share and one right entitling the holder to receive one-seventh of one Class A ordinary share upon consummation of an initial business combination. The units are listed on the Nasdaq Global Market under the symbol CATLU, with the Class A ordinary shares and rights trading separately under the symbols CATL and CATLR, respectively. The underwriter, Santander US Capital Markets LLC, holds a 45-day over-allotment option to purchase up to 3,000,000 additional units. Of the IPO proceeds, $200.0 million ($230.0 million if the over-allotment is exercised in full) is placed in a U.S.-based trust account with Continental Stock Transfer Trust Company as trustee, representing $10.00 per unit. Underwriting discounts and commissions total $6,250,000, including $6,000,000 in deferred commissions payable upon completion of a business combination, and Santander will also receive a 3% advisory fee on gross IPO proceeds at closing of the initial business combination.

Catalyst Acquisition Corp. must consummate its initial business combination within 24 months from the closing of the offering, or by such earlier liquidation date as the board of directors may approve. If the company fails to complete a business combination within that period, it will redeem 100% of its public shares at a per-share price equal to the aggregate amount in the trust account, including interest (net of taxes and up to $100,000 for liquidation expenses), divided by the number of outstanding public shares. No business combination target has been identified, and no substantive discussions with any target have been initiated as of the most recent filings.


Material findings

from the full read of every filing

Every document this company files gets read whole — body and exhibits. These are the ones the read flagged as material, newest first, each citing its filing.

  • This filing formally capitalizes the SPAC and activates the 24-month operational timeline. The August 4 partial over-allotment adjusts the public float and liability schedules but leaves the July 28, 2028 redemption deadline unchanged. The disclosed $6,000,000 advisory fee and $6,000,000 deferred underwriting discount establish large post-combination payout commitments that will draw from the trust account. Furthermore, the sponsor’s indemnity obligation relies entirely on company securities, meaning the filing explicitly warns the company cannot assure the sponsor possesses sufficient funds to satisfy those claims. With zero operations, zero revenue, and no ongoing target engagement documented, all shareholder capital remains static in the trust account awaiting a future acquisition.

  • This filing establishes the fundamental mechanics for investors: the trust value ($10.00 per public share), the 24-month deadline for a business combination (July 2028), the redemption rights, lock-up periods, and sponsor conduct commitments. It also outlines the company’s focus on traditional and digital media sectors, including video game companies, mobile gaming, publishers, studios, and media platforms. The filing sets the baseline for all future redemption calculations and deal timelines.

  • Catalyst is a rights-only vehicle, so there is no warrant strike, expiry or warrant redemption trigger to record. Underwriting is $0.3125 per unit ($6,250,000), including $250,000 at closing and $0.30 per unit deferred ($6,000,000, up to $6,900,000) released to Santander US Capital Markets LLC only on completing a combination, and a further advisory fee equal to 3% of gross IPO proceeds is payable to the same bank at that closing. The deferred fee may be paid at management's sole discretion to any one or more FINRA members.

  • This routine compliance exhibit establishes a verified governance baseline for Catalyst Acquisition’s co-leadership without introducing operational disclosures, customer contracts, revenue metrics, market projections, technology roadmap details, partnership announcements, or litigation updates. The document attributes the zero-position status directly to Van Dyk Nicolas Anton’s self-certification, confirming no executive share purchases or sales occurred at the time of filing. By formally documenting the absence of insider equity movement, the filing provides investors with transparent sponsorship alignment tracking while maintaining the company’s currently recorded SEARCHING posture pending a de-SPAC transaction announcement.

  • This filing establishes the structural terms of the SPAC for investors. Key takeaways: the low sponsor cost ($0.004/share vs. $10.00 public) creates a significant incentive to close any deal, potentially a risky one. The 24-month deadline is standard. The 15% redemption cap protects the sponsor from a hold-out blocking a deal but limits a large shareholder's exit. The ability to liquidate the trust to cash to avoid being classified as an investment company could reduce interest income for redeeming shareholders. The filing signals the SPAC is officially on the market and searching for a target in traditional and digital media (video games, studios, mobile gaming).


Filings

live EDGAR feed

Everything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.

  • What changed: A Schedule 13D beneficial ownership report, as titled in the filing header. The extract discloses nothing regarding Catalyst Acquisition’s redemption timeline, trust account mechanics, extension procedures, merger development, or sponsor conduct. No amendments to the redemption calendar, voting thresholds, or trust valuation parameters are cited in the provided text. Why it matters: Rule 13D filings are designed to surface when an investor crosses a five percent beneficial ownership threshold, often preceding or accompanying de-SPAC structuring, sponsor realignment, or activist campaigns. However, the filing text explicitly states that the structured holder table is absent, meaning the identity of the reporting person or group, the number of shares held, acquisition cost, transaction purpose, and future plans remain undisclosed. Without the core ownership data, analysts cannot determine whether a new shareholder position has formed, how it might affect the sponsor’s voting weight during the searching phase, or whether it correlates with any upcoming redemption windows or extension votes. The filing confirms a reporting event occurred, but substantive impact on deal progress or trust distribution cannot be evaluated until the complete exhibit is examined.

  • What changed: A joint filing agreement (Exhibit I/EX-99.1) attached to a Schedule 13G, executed under Rule 13d-1(k) to permit Millennium Management LLC, Millennium Group Management LLC, and Israel A. Englander to submit a single beneficial ownership report for Catalyst Acquisition Corp. Class A Ordinary Shares, par value $0.0001 per share. No adjustments to redemption calendars, trust valuation, extension triggers, deal progression, or sponsor conduct are documented. The only change recorded is a procedural consolidation of SEC reporting obligations among the three named holders. Executed on August 3, 2026 by Gil Raviv, Global General Counsel of the Millennium entities, and Israel A. Englander, the instrument confirms shared filing responsibility but reveals neither the quantity of shares held, the percentage of outstanding equity, nor the stated purpose of acquisition contained in the primary 13G schedule. Why it matters: Because the exhibit supplies only administrative coordination mechanics and omits all ownership metrics, it provides no data point for assessing shareholder concentration, voting influence, or potential redemption pressure ahead of the July 28, 2028 search deadline. Investors cannot determine whether the holders plan to convert shares, back a specific pipeline target, or remain passive until a definitive agreement emerges. The filing exclusively streamlines regulatory submission logistics, leaving all economic and governance variables unaddressed pending publication of the companion 13G disclosure.

  • What changed: A Form 8-K current report containing Item 8.01 (Other Events) and Item 9.01 (Financial Statements and Exhibits) that discloses the consummation of Catalyst Acquisition Corp.’s initial public offering on July 29, 2026, and simultaneously files Exhibit 99.1, an audited balance sheet as of that date. Per Item 8.01 and Note 1, the company completed its IPO on July 29, 2026, selling 20,000,000 units at $10.00 per unit for $200,000,000 in gross proceeds, with $200,000,000 deposited into a U.S.-based trust account maintained by Continental Stock Transfer & Trust Company. Simultaneously, Catalyst Sponsor LLC purchased 270,000 private placement units at $10.00 per unit for $2,700,000. According to Note 10 (Subsequent Events), on August 4, 2026, the underwriter partially exercised its 45-day over-allotment option to buy 1,150,000 additional units at $10.00 per unit, generating $11,500,000. Regarding the redemption calendar and deadline, the filing establishes a 24-month completion window from the July 29, 2026 IPO close, aligning with a July 28, 2028 liquidation date. Public shareholders may redeem at a price equal to the trust account aggregate divided by outstanding public shares, less taxes and up to $100,000 of interest for dissolution. Per the sponsor letter agreement, sponsors waive redemption rights for founder and private shares, commit to voting in favor of a combination, and agree to indemnify the trust if third-party claims reduce it below the lesser of $10.00 per public share or the actual trust amount, less taxes. The sponsor receives $15,000 monthly for administrative services. The audited balance sheet shows $1,749,570 in working capital cash, $6,000,000 in advisory fee payables, $6,000,000 in deferred underwriting fees, and $200,000,000 in temporary equity for class A shares subject to redemption. Management states it has not selected a target and holds no substantive discussions. Any target must meet an 80% fair market value threshold relative to the net trust balance, and if the board cannot independently value the target, it will obtain an independent investment banking opinion. Transaction costs reached $6,778,910. The sponsor repaid a $153,534 promissory note at closing. On July 6, 2026, the sponsor assigned 30,000 founder share interests to directors, valued at $23,700 ($0.79 per share), though no expense was recognized because a combination is not deemed probable. Why it matters: This filing formally capitalizes the SPAC and activates the 24-month operational timeline. The August 4 partial over-allotment adjusts the public float and liability schedules but leaves the July 28, 2028 redemption deadline unchanged. The disclosed $6,000,000 advisory fee and $6,000,000 deferred underwriting discount establish large post-combination payout commitments that will draw from the trust account. Furthermore, the sponsor’s indemnity obligation relies entirely on company securities, meaning the filing explicitly warns the company cannot assure the sponsor possesses sufficient funds to satisfy those claims. With zero operations, zero revenue, and no ongoing target engagement documented, all shareholder capital remains static in the trust account awaiting a future acquisition.

  • What changed: A Schedule 13G joint filing agreement executed by Linden Capital L.P., Linden GP LLC, Linden Advisors LP, and Siu Min Wong, submitted as Exhibit A to a beneficial ownership report for Catalyst Acquisition Corp. shares. The filing states that the referenced Schedule 13G statement dated July 29, 2026, is filed on behalf of all four undersigned parties pursuant to SEC Rule 13d-1(k). It confirms Saul Ahn acts as authorized signatory and attorney-in-fact for Siu Min Wong under a Power of Attorney dated June 10, 2019. The document discloses no amendments to trust account balances, redemption windows, extension clauses, merger timelines, or sponsor governance protocols; those parameters remain untouched per this exhibit. Why it matters: For investors tracking redemption calendars and deal progression, the agreement clarifies the unified reporting structure behind the holdings, indicating coordinated ownership across investment vehicles and an individual rather than fragmented filings. While the exhibit contains no commentary on customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel decisions, the document references a prior Haymaker Acquisition Corp II holding, indicating prior SPAC investment experience by these parties. Because the underlying principal 13G statement is not included here, specific share counts, percentage ownership levels, and any acquisition targets cannot be evaluated from this page alone. Investors reviewing the filing should cross-check the main 13G to verify whether any stake crosses governance-relevant thresholds or signals capital allocation activity ahead of the stated deadline.

  • What changed: A Form 4 (insider ownership report) filed by Catalyst Sponsor LLC disclosing an open-market purchase of 270,000 shares of Catalyst Acquisition Corp. at $10 per share on 2026-07-29, resulting in post-transaction holdings of 270,000 shares. Catalyst Sponsor LLC’s reported ownership increased by 270,000 shares through a direct market acquisition. The filing leaves unchanged the stated $10 trust value, the 2028-07-28 liquidation deadline, and the SEARCHING corporate status. No business combination target, extension proposal, or redemption event is recorded. Why it matters: According to Catalyst Sponsor LLC’s regulatory submission, the secondary purchase may reflect capital deployment or market liquidity support, but it does not alter redemption calendars, trigger trust distribution protocols, or advance merger deliberations. The document contains no claims regarding prospective target customers, revenue projections, market size, strategic initiatives, technology, partnerships, litigation, or personnel changes. All figures derive exclusively from the filer’s disclosed transaction records.

Show the other 10 filings
  • What changed: Form 8-K filed by Catalyst Acquisition Corp. on July 29, 2026, reporting the consummation of its initial public offering (IPO) on July 27, 2026, and entry into related agreements (underwriting, trust, rights, registration, private placement, letter agreement, administrative services, indemnity). The SPAC completed its IPO of 20,000,000 units at $10.00 per unit, generating gross proceeds of $200,000,000. A total of $200,000,000 (including $6,000,000 deferred underwriting commissions and proceeds from the sale of 270,000 private placement units to the sponsor for $2,700,000) was deposited into a trust account with Continental Stock Transfer & Trust Company as trustee. The trust per public share is $10.00. The completion window for a business combination is 24 months from the closing of the IPO, expiring July 28, 2028, unless earlier liquidated or extended. The sponsor and insiders agreed to vote Founder Shares and Private Placement Shares in favor of a business combination, not to redeem any Class A ordinary shares in connection with a shareholder vote or tender offer, and to certain lock-up provisions (Founder Shares locked up for at least one year after a business combination or earlier under certain conditions; Private Placement Units locked up for 30 days after a business combination). The board of directors was appointed, with committees established. The amended and restated memorandum and articles of association were filed, including provisions for redemption rights, conversion of Class B shares, and business combination requirements. Why it matters: This filing establishes the fundamental mechanics for investors: the trust value ($10.00 per public share), the 24-month deadline for a business combination (July 2028), the redemption rights, lock-up periods, and sponsor conduct commitments. It also outlines the company’s focus on traditional and digital media sectors, including video game companies, mobile gaming, publishers, studios, and media platforms. The filing sets the baseline for all future redemption calculations and deal timelines.

  • What changed: Priced IPO of 20,000,000 units at $10.00 ($200,000,000), with a 45-day over-allotment option for up to 3,000,000 more. Each unit is one Class A ordinary share plus one right to receive one-seventh (1/7) of one Class A ordinary share on consummation of the initial business combination; seven rights are needed for one share. The offering includes no warrants. Trust: $200.0 million, or $230.0 million with full over-allotment, at $10.00 per unit, at Continental Stock Transfer & Trust Company. The combination period is 24 months from closing. Why it matters: Catalyst is a rights-only vehicle, so there is no warrant strike, expiry or warrant redemption trigger to record. Underwriting is $0.3125 per unit ($6,250,000), including $250,000 at closing and $0.30 per unit deferred ($6,000,000, up to $6,900,000) released to Santander US Capital Markets LLC only on completing a combination, and a further advisory fee equal to 3% of gross IPO proceeds is payable to the same bank at that closing. The deferred fee may be paid at management's sole discretion to any one or more FINRA members.

  • What changed: Form 8-A for the registration of certain classes of securities pursuant to Section 12(b) of the Securities Exchange Act of 1934, filed by Catalyst Acquisition Corp. to register trading instruments on The Nasdaq Stock Market LLC. This filing registers three security classes—Units, Class A ordinary shares, and contingent rights—without modifying the company’s SEARCHING status, the July 28, 2028 redemption deadline, or any preexisting trust account distribution mechanics. Per the registrant's text, each Unit comprises one Class A ordinary share and one right, with each right entitling the holder to receive seventh (1/7) of one Class A ordinary share. The filing explicitly assigns a par value of $0.0001 per share to the Class A ordinary shares. All descriptive provisions are incorporated by reference from the prospectus contained in the Form S-1 originally filed July 8, 2026 (File No. 333-297309). No adjustments to redemption pricing floors, extension voting schedules, trust interest calculations, or target acquisition milestones are introduced. Why it matters: For investors monitoring SPAC capital structure and listing eligibility ahead of the 2028 business combination window, this submission formalizes the Nasdaq trading and settlement framework for the component securities and the fractional rights conversion ratio. The registrant's filing confirms that Co-Chief Executive Officer Steven P. Beeks executed the registration on July 27, 2026, demonstrating continued administrative oversight of exchange compliance. Because the 8-A defers to the earlier S-1 for all operational, financial, and strategic disclosures, it introduces no new data regarding target screening, customer pipelines, revenue forecasts, total addressable market assumptions, technology IP, partnership alignments, or ongoing litigation. The document functions purely as a listing infrastructure update; investors should treat it as neutral relative to trust preservation, sponsor conduct, or timeline acceleration, and await subsequent proxy statements or amended S-4/S-1 filings for substantive deal mechanics.

  • What changed: This document is a Form 3, an initial statement of beneficial ownership filed to disclose insider equity positions. According to the SEC submission, Director Richard Webster Cook reported no non-derivative transactions or holdings. The filing contains no updates affecting the SPAC’s redemption deadline, trust value per share, extension status, acquisition timeline, or sponsor conduct. Why it matters: Following the submission's contents, the document contains no claims regarding customers, revenue, market size, corporate strategy, technology, partnerships, litigation, or personnel beyond the director designation. As a routine compliance exhibit, it serves strictly to satisfy SEC disclosure mandates without advancing deal velocity or altering redemption dynamics. For investors tracking capital deployment and sponsor alignment, the filing confirms the absence of directional equity moves by a board member during the searching phase, though it provides no forward-looking indicators regarding target identification or trust maintenance.

  • What changed: SEC Form 3, a routine compliance exhibit disclosing insider ownership and transaction history for Catalyst Acquisition Corp. The filing states there were 'No non-derivative transactions or holdings reported,' confirming Catalyst Sponsor LLC retains its stated position as a '10% owner' without executing any recent purchases, sales, or derivative exercises that would alter sponsor alignment or capital structure ahead of the search phase. Why it matters: For investors tracking redemption timelines, trust mechanics, and sponsor conduct, this submission functions as a static compliance checkpoint rather than a strategic update. Because the document contains no claims about target candidates, pipeline technology, partnership negotiations, litigation exposure, or revenue metrics, it does not inform extension decisions or trust-per-share valuations. The report exclusively attributes the '10% owner' designation to Catalyst Sponsor LLC within the disclosure itself. While devoid of operational catalysts, routine Form 3 filings with zero reported activity are standard during a searching-stage SPAC’s lifecycle and signal no unexpected dilution or sponsor trading behavior that could influence shareholder exit timing or deal-progress assessments.

  • What changed: SEC Form 3, an initial statement of beneficial ownership reporting insider equity positions for Catalyst Acquisition Corp. The filing reports that Craig A. Elson, Chief Financial Officer of Catalyst Acquisition Corp., disclosed no non-derivative transactions or holdings. Consequently, there are no updates to insider equity allocations, warrant conversions, or sponsor capital contributions affecting the redemption framework. Why it matters: This routine pre-acquisition compliance exhibit provides no forward signal on deal timing, anchor investor behavior, or sponsor skin-in-the-game. As explicitly stated in the filing, zero non-derivative activity was recorded, leaving the trust distribution mechanism, the 2028-07-28 redemption deadline, and the SEARCHING status unchanged. No assertions regarding customers, revenue streams, addressable market size, product strategy, technical capabilities, partnership agreements, or legal exposure are included; the only documented fact is the CFO’s reported absence of initial equity movement.

  • What changed: SEC Form 3 initial statement of beneficial ownership. The filing reports that Director and Co-CEO Van Dyk Nicolas Anton stated there are 'No non-derivative transactions or holdings reported.' This null disclosure leaves the public shareholder redemption calendar, trust account valuation and distribution mechanics, extension voting timeline, target acquisition pipeline, and sponsor open-market activity entirely unchanged. Why it matters: This routine compliance exhibit establishes a verified governance baseline for Catalyst Acquisition’s co-leadership without introducing operational disclosures, customer contracts, revenue metrics, market projections, technology roadmap details, partnership announcements, or litigation updates. The document attributes the zero-position status directly to Van Dyk Nicolas Anton’s self-certification, confirming no executive share purchases or sales occurred at the time of filing. By formally documenting the absence of insider equity movement, the filing provides investors with transparent sponsorship alignment tracking while maintaining the company’s currently recorded SEARCHING posture pending a de-SPAC transaction announcement.

  • What changed: A Form 3 insider ownership report filed for Catalyst Acquisition Corp., identifying reporting person Beeks Steve (director, Co-CEO) and explicitly stating that 'No non-derivative transactions or holdings reported.'. Zero changes to insider equity or derivative positions occurred. The filing contains no announcements affecting the redemption schedule, trust valuation mechanics, extension vote triggers, business combination status, or sponsor governance conduct. The stated $10 trust/share metric and the 2028-07-28 deadline remain operationally unadjusted by insider activity. Why it matters: For investors tracking sponsor alignment and capital structure stability during the SEARCHING phase, this null report confirms that Co-CEO Steve Beeks has not modified his stake, eliminating immediate signals of liquidity strain, position consolidation, or risk transfer that typically accompany active Form 3 filings. While routine, the submission maintains the mandatory transparency standard required while management evaluates targets. The document introduces no claims, operational updates, or strategic guidance regarding customers, revenue streams, addressable market size, technology development, commercial partnerships, pending litigation, or personnel transitions; all cited parameters originate solely from this compliance exhibit and the issuer’s prior public filings.


The record

The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.

Show the reference detail

Unit structure

Cash in trust at IPO$10.00

from 424B4 0001213900-26-081980

Unit quote (CATLU)$10.34

as of 10 September 2026

Trading & liquidity

Average daily volume (20d)727K
Average daily $ volume$7.3M
Range over the bars held$9.96 – $10.00
Total cash in trustthe trust total is not in the last XBRL stamp

Company profile

Industry (SIC)Blank Checks (6770)
Registered inthe Cayman Islands
Exchange · CIKNasdaq · 0002104391

All filings on EDGARopens on sec.gov in a new tab

gaming/media

Directors & officers


Institutional holders

from SC 13G/13D

Funds that have declared a stake above 5%. Heavy ownership by arbitrage funds usually means heavy cash-outs at the next vote.

Show the declared stakes

3 filers with a stake on file · 3 re-affirmed in the last 12 months. A stake with no amendment since is the filer’s last word on it, not proof it is still held — and percentages filed in different years are percentages of different floats, because this vehicle’s share count collapses at every redemption.

One line per filer, not per reporting person: a joint schedule names the management company, its funds and often the individual who controls them, and all of them report the same shares. Click a name for that filer’s whole footprint across every SPAC it has declared a stake in.


Sources on file

harvested pages, kept in full

Every public page we have read about this company, stored in full so a source can never go missing.

Show the sources

38 full SEC filing texts archived — searchable, never lost.


In plain English

tap a term to open it

Every piece of jargon this page could have used, and what it actually means.

Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected

A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.

Redemption deadlinethe last day to hand shares back for cash

Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.

Broker action datethe day your broker needs the instruction — earlier than the official date

Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.

Cash in trust / trust per sharethe cash the company is holding for each public share

Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.

Trust discountbuying below the cash held for you

Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.

Dilutionhow much of the company new shares take from you

Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.

Pro-forma equitywhat the company is valued at once the deal closes

The combined company's equity value assuming the announced terms and the redemptions that have actually happened.

ARShow much upside you get per unit of downside

SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.

De-SPACthe day the SPAC becomes the real company

The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.

Outside datethe contractual long-stop for closing the deal

A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.

Accession numberthe SEC's unique id for one filing

Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.

Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since

A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.


Ask the brain

from its filings
Data provenance & audit trail5 internal entries

Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.

CATL — company record
EVENT-BLITZ2026-08-13

Deadline DERIVED = ipoDate + 24mo per charter terms in 424B4 0001213900-26-081980.

SPONSOR-ID2026-08-14

sponsor "Catalyst Sponsor LLC" (SEC CIK 0002146403) sourced from Form 3 reportingOwner (10% owner) acc 0001213900-26-081950.

TRUST-BLITZ2026-08-14

trust/share $10.00 at IPO per 424B4 acc 0001213900-26-081980 as of 2026-07-28

SECURITY-TERMS-MINED2026-08-16

rightShareRatio=0.14285714285714285, unitSeparationDays=52 from the definitive prospectus (0001213900-26-081980). NOT FILLED: warrantStrike — no stated candidate; warrantCallPrice — no stated candidate

Calendar — Jul 29, 2028 · Outside date
EVENT-BLITZ2026-08-14

Derived: 8-K acc 0001213900-26-082795 states a 24-month completion window from the IPO closing on 2026-07-29. No filing restates it as a calendar date. Extension mechanism: shareholder-vote, from the filings: "If we determine not to or are unable to extend the time period to consummate our initial business combination or fail to obtain shareholder approval to extend the completion window, our sponsor’s investment in our founder shares and our private placement units will be worthless." Spac.deadline currently reads 2028-07-27 — not changed by this job.