Catalyst Partners Acquisition Seeks Shareholder Approval for Early Liquidation

Catalyst Partners Acquisition in a proxy filing asks shareholders for permission to wind up operations ahead of the SPAC’s May 23 deadline. A precise date for the vote was not set in the preliminary proxy, but a placeholder indicates the meeting will take place in 2023, in other words, when the SPAC’s share redemptions may be subject to the 1% federal excise tax that goes into effect Jan. 1.

The SPAC raised $400 million in a March 2021 IPO to target disruptive software companies. Read more.

.


Source: Catalyst Partners Acquisition Seeks Shareholder Approval for Early Liquidation