General Catalyst shrinks third SPAC’s IPO by 25% to $300M

  • Catalyst Partners Acquisition Corp. (CPARU), a SPAC organized by venture-capital powerhouse General Catalyst to take a software firm public and help “invest in the next generation of Black entrepreneurship,” is narrowing its IPO to $300M from a previous $400M.
  • The special purpose acquisition company wrote in a revised S-1 filing with the U.S. Securities and Exchange Commission that it intends to offer just 30M $10 investment units in the SPAC, down from the 40M originally planned.
  • The SPAC also reduced…
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