Catalyst Partners Acquisition in an 8-K said shareholders voted to accelerate the SPAC's liquidation date and begin redeeming shares immediately. Catalyst had been facing a May 20 deadline to get a deal across the finish line.
The SPAC said 35,737,670 shares were voted in favor of shutting down, with 2,226 opposed.
The redemption price is approximately $10.18 per share.
Catalyst Partners raised $400 million in a March 2021 ipo to target disruptive software companies. Read more.
Source: Catalyst Partners Acquisition Shareholders Overwhelmingly Approve Immediate Liquidation