Catalyst Acquisition’s (NASDAQ:CATLU – Get Free Report) quiet period is set to end on Monday, September 7th. Catalyst Acquisition had issued 20,000,000 shares in its IPO 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 restricted from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded Catalyst Acquisition to a “hold” rating in a research note on Saturday, August 8th.
View Our Latest Stock Report on CATLU
Catalyst Acquisition Price Performance
About Catalyst Acquisition
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.
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