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CPAR

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Catalyst Partners Acquisition Corp

10.075
0.000 (0.00%)
Last Update: 09 Feb 2023 17:30:00
Yesterday: 10.075
Day's Range: 10.075 - 10.075
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When Written:
 
10.075
Catalyst Partners Acquisition Corp is a special purpose acquisition company (SPAC) that was formed in 2021 with the goal of acquiring one or more businesses in the technology, media, and telecommunications (TMT) industries. The company was founded by seasoned executives with extensive experience in the TMT sector, including former executives from AT&T, IBM, and Goldman Sachs.

The company raised $200 million in its initial public offering (IPO) in February 2021, which it plans to use to fund its acquisition of a target company. Catalyst Partners Acquisition Corp is listed on the NASDAQ stock exchange under the ticker symbol CPARU.

As a SPAC, Catalyst Partners Acquisition Corp has a two-year window to identify and acquire a target company. If it is unable to find a suitable acquisition target within this timeframe, it will be required to return the funds raised in its IPO to its investors.

Overall, Catalyst Partners Acquisition Corp is one of many SPACs that have emerged in recent years as a popular vehicle for companies to go public and raise capital.

Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
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