Catalyst Acquisition Corp.’s Quiet Period To End on September 7th (NASDAQ:CATLU)

Catalyst Acquisition’s (NASDAQ:CATLU) quiet period will end on Monday, September 7th. Catalyst Acquisition had issued 20,000,000 shares in its initial public offering on July 28th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. During the company’s quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Catalyst Acquisition to a “hold” rating in a research note on Saturday, August 8th.

Catalyst Acquisition Stock Performance

Shares of Catalyst Acquisition stock opened at $9.98 on Friday. Catalyst Acquisition has a fifty-two week low of $9.96 and a fifty-two week high of $10.03.

Catalyst Acquisition Company Profile

Catalyst Acquisition is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Rather than conducting an ongoing commercial business, the company’s primary objective is to raise capital through an initial public offering and use those proceeds, together with other funding sources, to pursue a merger, acquisition, or similar transaction.

The company does not currently offer products or services of its own and has not established an operating business or defined geographic market.