Last Updated:
Searching
Create account to add to watchlist!

Catcha Investment Corp - CHAA

  • Commons

    $9.75

    +0.00%

    CHAA Vol: 102.6K

  • Warrants

    $0.68

    -3.50%

    CHAA+ Vol: 0.0

  • Units

    $9.92

    +0.59%

    CHAA= Vol: 0.0

Average: 0
Rating Count: 0
You Rated: Not rated

Please log in to rate.

SPAC Stats

Market Cap: 292.5M
Average Volume: 50.6K
52W Range: $9.59 - $10.25
Weekly %: +0.00%
Monthly %: -0.20%
Inst Owners: 2

Info

Target: Searching
Days Since IPO: 289
Unit composition:
Each unit has an offering price of $10.00 and consists of one Class A ordinary share and one-half of one redeemable warrant
Trust Size: 25000000.0M

Management

Officers and Directors.” Our officers and directors presently have, or may in the future have, fiduciary or contractual obligations to other entities, including another blank check company, and, accordingly, may have conflicts of interest in determining to which entity a particular business opportunity should be presented. Following the completion of this offering and until we consummate our initial business combination, we intend to engage in the business of identifying and combining with one or more businesses or entities. Our officers and directors presently have, or may in the future have, fiduciary or contractual obligations to other entities pursuant to which such officer or director is or will be required to present a business combination opportunity to such entity, subject to his or her fiduciary duties under Cayman Islands law. Accordingly, they may have conflicts of interest in determining to which entity a particular business opportunity should be presented. These conflicts may not be resolved in our favor and a potential target business may be presented to another entity prior to its presentation to us, subject to their fiduciary duties under Cayman Islands law. In addition, our sponsor, officers and directors presently are, or may in the future become affiliated with other blank check companies that may have acquisition objectives that are similar to ours. Accordingly, they may have conflicts of interest in determining to which entity a particular business opportunity should be presented. These conflicts may not be resolved in our favor and a potential target business may be presented to such other blank check companies prior to its presentation to us, subject to our officers’ and directors’ fiduciary duties under Cayman Islands law. Our second amended and restated memorandum and articles of association will provide that, to the fullest extent permitted by applicable law: (i) no individual serving as an officer or a director shall have any duty, except and to the extent expressly assumed by contract, to refrain from engaging directly or indirectly in the same or similar business activities or lines of business as us; and (ii) we renounce any interest or expectancy in, or in being offered an opportunity to participate in, any potential transaction or matter which may be a corporate opportunity for any director or officer, on the one hand, and us, on the other hand. For a complete discussion of our executive officers’ and directors’ business affiliations and the potential conflicts of interest that you should be aware of, please see “Management—Officers and Directors,” “Management—Conflicts of Interest” and “Certain Relationships and Related Party Transactions.” 54 Table of Contents Our executive officers, directors, security holders and their respective affiliates may have competitive pecuniary interests that conflict with our interests. We have not adopted a policy that expressly prohibits our executive officers, directors, security holders or affiliates from having a direct or indirect pecuniary or financial interest in any investment to be acquired or disposed of by us or in any transaction to which we are a party or have an interest. In fact, we may enter into a business combination with a target business that is affiliated with our sponsor, executive officers or directors, although we do not intend to do so. Nor do we have a policy that expressly prohibits any such persons from engaging for their own account in business activities of the types conducted by us. Accordingly, such persons or entities may have a conflict between their interests and ours. The personal and financial interests of our executive officers and directors may influence their motivation in timely identifying and selecting a target business and completing a business combination. Consequently, our executive officers’ and directors’ discretion in identifying and selecting a suitable target business may result in a conflict of interest when determining whether the terms, conditions and timing of a particular business combination are appropriate and in our shareholders’ best interest. If this were the case, it would be a breach of their fiduciary duties to us as a matter of Cayman Islands law and we or our shareholders might have a claim against such individuals for infringing on our shareholders’ rights. See the section titled “Description of Securities—Certain Differences in Corporate Law—Shareholders’ Suits” for further information on the ability to bring such claims. However, we might not ultimately be successful in any claim we may make against them for such reason. We may engage in a business combination with one or more target businesses that have relationships with entities that may be affiliated with our sponsor, executive officers or directors, which may raise potential conflicts of interest. In light of the involvement of our sponsor, executive officers and directors with other entities, we may decide to acquire one or more businesses affiliated with our sponsor, executive officers or directors. Our directors also serve as executive officers and board members for other entities, including, without limitation, those described under “Management—Conflicts of Interest.” Our sponsor, executive officers and directors may sponsor, form or participate in other blank check companies similar to ours during the period in which we are seeking an initial business combination. Such entities may compete with us for business combination opportunities. Our sponsor, executive officers and directors are not currently aware of any specific opportunities for us to complete our initial business combination with any entities with which they are affiliated, and there have been no substantive discussions concerning a business combination with any such entity or entities. Although we will not be specifically focusing on, or targeting, any transaction with any affiliated entities, we would pursue such a transaction if we determined that such affiliated entity met our criteria and guidelines for a business combination as set forth in “Proposed Business—Effecting Our Initial Business Combination—Evaluation of a Target Business and Structuring of Our Initial Business Combination” and such transaction was approved by a majority of our independent and disinterested directors. Despite our agreement to obtain an opinion from an independent investment banking firm that is a member of FINRA or another independent entity that commonly renders valuation opinions regarding the fairness to our company from a financial point of view of a business combination with one or more domestic or international businesses affiliated with our sponsor, executive officers or directors, potential conflicts of interest still may exist and, as a result, the terms of the business combination may not be as advantageous to our public shareholders as they would be absent any conflicts of interest. Since our sponsor, executive officers and directors will lose their entire investment in us if our initial business combination is not completed (other than with respect to public shares they may acquire during or after this offering), a conflict of interest may arise in determining whether a particular business combination target is appropriate for our initial business combination. On December 28, 2020, our sponsor paid $25,000, or approximately $0.003 per share, to cover certain of our offering costs in consideration of 7,187,500 Class B ordinary shares, par value $0.0001. Prior to the initial 55 Table of Contents investment in the company of $25,000 by the sponsor, the company had no assets, tangible or intangible. The per share price of the founder shares was determined by dividing the amount contributed to the company by the number of founder shares issued. If we increase or decrease the size of this offering, we will effect a share capitalization, a share surrender or redemption or other appropriate mechanism, as applicable, with respect to our Class B ordinary shares immediately prior to the consummation of this offering in such amount as to maintain the number of founder shares, on an as-converted basis, at 20% of our issued and outstanding ordinary shares upon the consummation of this offering. The founder shares will be worthless if we do not complete an initial business combination. In addition, our sponsor has committed, pursuant to a written agreement with us, to purchase an aggregate of 7,000,000 private placement warrants (or 7,750,000 private placement warrants if the underwriters’ over-allotment option is exercised in full), each exercisable to purchase one Class A ordinary share at $11.50 per share, subject to adjustment, at a price of $1.00 per warrant ($7,000,000 in the aggregate or $7,750,000 if the underwriters’ over-allotment option is exercised in full), in a private placement that will close simultaneously with the closing of this offering. If we do not consummate an initial business combination within 24 months from the closing of this offering, the private placement warrants will expire worthless. The personal and financial interests of our executive officers and directors may influence their motivation in identifying and selecting a target business combination, completing an initial business combination and influencing the operation of the business following the initial business combination. This risk may become more acute as the 24-month anniversary of the closing of this offering nears, which is the deadline for our consummation of an initial business combination. We may issue notes or other debt securities, or otherwise incur substantial debt, to complete a business combination, which may adversely affect our leverage and financial condition and thus negatively impact the value of our shareholders’ investment in us. Although we have no commitments as of the date of this prospectus to issue any notes or other debt securities, or to otherwise incur outstanding debt following this offering, we may choose to incur substantial debt to complete our initial business combination. We and our officers and directors have agreed that we will not incur any indebtedness unless we have obtained from the lender a waiver of any right, title, interest or claim of any kind in or to the monies held in the trust account. As such, no issuance of debt will affect the per-share amount available for redemption from the trust account. Nevertheless, the incurrence of debt could have a variety of negative effects, including: • default and foreclosure on our assets if our operating revenues after an initial business combination are insufficient to repay our debt obligations; • acceleration of our obligations to repay the indebtedness even if we make all principal and interest payments when due if we breach certain covenants that require the maintenance of certain financial ratios or reserves without a waiver or renegotiation of that covenant; • our immediate payment of all principal and accrued interest, if any, if the debt is payable on demand; • our inability to obtain necessary additional financing if the debt contains covenants restricting our ability to obtain such financing while the debt is outstanding; • our inability to pay dividends on our Class A ordinary shares; • using a substantial portion of our cash flow to pay principal and interest on our debt, which will reduce the funds available for dividends on our Class A ordinary shares if declared, expenses, capital expenditures, acquisitions and other general corporate purposes; • limitations on our flexibility in planning for and reacting to changes in our business and in the industry in which we operate; • increased vulnerability to adverse changes in general economic, industry and competitive conditions and adverse changes in government regulation; and 56 Table of Contents • limitations on our ability to borrow additional amounts for expenses, capital expenditures, acquisitions, debt service requirements, execution of our strategy and other purposes and other disadvantages compared to our competitors who have less debt. We may only be able to complete one business combination with the proceeds of this offering and the sale of the private placement warrants, which will cause us to be solely dependent on a single business that may have a limited number of products or services. This lack of diversification may negatively impact our operations and profitability. The net proceeds from this offering and the sale of the private placement warrants will provide us with up to $242,250,000 (or $278,437,500 if the underwriters’ over-allotment option is exercised in full) that we may use to complete our initial business combination (after taking into account the $8,750,000, or $10,062,500 if the over-allotment option is exercised in full, of deferred underwriting commissions being held in the trust account and the estimated non-reimbursed expenses of this offering). We may effectuate our initial business combination with a single-target business or multiple-target businesses simultaneously or within a short period of time. However, we may not be able to effectuate our initial business combination with more than one target business because of various factors, including the existence of complex accounting issues and the requirement that we prepare and file pro forma financial statements with the SEC that present operating results and the financial condition of several target businesses as if they had been operated on a combined basis. By completing our initial business combination with only a single entity, our lack of diversification may subject us to numerous economic, competitive and regulatory developments. Further, we would not be able to diversify our operations or benefit from the possible spreading of risks or offsetting of losses, unlike other entities that may have the resources to complete several business combinations in different industries or different areas of a single industry. Accordingly, the prospects for our success may be: • solely dependent upon the performance of a single business, property or asset; or • dependent upon the development or market acceptance of a single or limited number of products, processes or services. This lack of diversification may subject us to numerous economic, competitive and regulatory risks, any or all of which may have a substantial adverse impact upon the particular industry in which we may operate subsequent to our initial business combination. We may attempt to simultaneously complete business combinations with multiple prospective targets, which may hinder our ability to complete our initial business combination and give rise to increased costs and risks that could negatively impact our operations and profitability. If we determine to simultaneously acquire several businesses that are owned by different sellers, we will need for each of such sellers to agree that our purchase of its business is contingent on the simultaneous closings of the other business combinations, which may make it more difficult for us, and delay our ability to complete our initial business combination. With multiple business combinations, we could also face additional risks, including additional burdens and costs with respect to possible multiple negotiations and due diligence (if there are multiple sellers) and the additional risks associated with the subsequent assimilation of the operations and services or products of the acquired companies in a single operating business. If we are unable to adequately address these risks, it could negatively impact our profitability and results of operations. We may attempt to complete our initial business combination with a private company about which little information is available, which may result in a business combination with a company that is not as profitable as we suspected, if at all. In pursuing our acquisition strategy, we may seek to effectuate our initial business combination with a privately held company. Very little public information generally exists about private companies, and we could be 57 Table of Contents required to make our decision on whether to pursue a potential initial business combination on the basis of limited information, which may result in a business combination with a company that is not as profitable as we suspected, if at all. Our management may not be able to maintain control of a target business after our initial business combination. Upon the loss of control of a target business, new management may not possess the skills, qualifications or abilities necessary to profitably operate such business. We may structure our initial business combination so that the post-business combination company in which our public shareholders own shares will own less than 100% of the equity interests or assets of a target business, but we will only complete such business combination if the post-business combination company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target business sufficient for us not to be required to register as an investment company under the Investment Company Act. We will not consider any transaction that does not meet such criteria. Even if the post-business combination company owns 50% or more of the voting securities of the target, our shareholders prior to our initial business combination may collectively own a minority interest in the post-business combination company, depending on valuations ascribed to the target and us in the business combination. For example, we could pursue a transaction in which we issue a substantial number of new Class A ordinary shares in exchange for their shares of stock, shares or other equity interests of a target. In this case, we would acquire a 100% interest in the target. However, as a result of the issuance of a substantial number of new Class A ordinary shares, our shareholders immediately prior to such transaction could own less than a majority of our outstanding Class A ordinary shares subsequent to such transaction. In addition, other minority shareholders may subsequently combine their holdings resulting in a single person or group obtaining a larger portion the company’s shares than we initially acquired. Accordingly, this may make it more likely that our management will not be able to maintain control of the target business. We may seek business combination opportunities with a high degree of complexity that require significant operational improvements, which could delay or prevent us from achieving our desired results. We may seek business combination opportunities with large, highly complex companies that we believe would benefit from operational improvements. While we intend to implement such improvements, to the extent that our efforts are delayed or we are unable to achieve the desired improvements, the business combination may not be as successful as we anticipate. To the extent we complete our initial business combination with a large complex business or entity with a complex operating structure, we may also be affected by numerous risks inherent in the operations of the business with which we combine, which could delay or prevent us from implementing our strategy. Although our management team will endeavor to evaluate the risks inherent in a particular target business and its operations, we may not be able to properly ascertain or assess all of the significant risk factors until we complete our business combination. If we are not able to achieve our desired operational improvements, or if the improvements take longer to implement than anticipated, we may not achieve the gains that we anticipate. Furthermore, some of these risks

Holder Stats

1 0
% of Shares Held by All Insider 0.00%
% of Shares Held by Institutions 6.19%
% of Float Held by Institutions 6.19%
Number of Institutions Holding Shares 2

Institutional Holders

Reporting Date Hedge Fund Shares Held Market Value % of Portfolio Quarterly Change in Shares Ownership in Company
2021-11-16 Whitebox Advisors LLC 122,600 $1,200,000 0.0% -9.2% 0.323%
2021-11-15 Berkley W R Corp 177,183 $1,730,000 0.1% +801.7% 0.467%
2021-11-15 Balyasny Asset Management LLC 200,000 $1,950,000 0.0% +33.3% 0.528%
2021-11-15 Dark Forest Capital Management LP 67,633 $660,000 0.2% 0 0.178%
2021-11-12 Weiss Asset Management LP 233,568 $2,280,000 0.1% 0 0.616%
2021-11-10 Goldman Sachs Group Inc. 204,637 $2,000,000 0.0% -2.4% 0.540%
2021-11-09 Basso Capital Management L.P. 75,000 $730,000 0.1% 0 0.198%
2021-08-16 Bank of America Corp DE 99,999 $970,000 0.0% 0 0.264%
2021-08-16 Goldman Sachs Group Inc. 209,637 $2,029,999 0.0% +1,512.6% 0.553%
2021-08-13 RP Investment Advisors LP 1,712,829 $16,530,000 2.2% +98.9% 4.519%
2021-08-13 OLD Mission Capital LLC 11,233 $110,000 0.0% 0 0.030%
2021-08-12 Marcho Partners LLP 500,000 $4,840,000 0.3% -81.5% 1.319%
2021-08-11 Arena Capital Advisors LLC CA 96,734 $930,000 0.1% 0 0.255%

SEC Filings

Form Type Form Description Filing Date Document Link
10-Q FORM 10-Q 2021-11-22 https://www.sec.gov/Archives/edgar/data/1838293/000119312521335927/d199977d10q.htm
NT 10-Q NT 10-Q 2021-11-15 https://www.sec.gov/Archives/edgar/data/1838293/000119312521329881/d259074dnt10q.htm
10-Q FORM 10-Q 2021-08-16 https://www.sec.gov/Archives/edgar/data/1838293/000119312521246939/d182000d10q.htm
SC 13G SCHEDULE 13G 2021-06-17 https://www.sec.gov/Archives/edgar/data/1838293/000121390021032762/ea142781-13grpinvest_catcha.htm
10-Q/A FORM 10-Q/A 2021-06-04 https://www.sec.gov/Archives/edgar/data/1838293/000119312521181650/d429999d10qa.htm
10-Q FORM 10-Q 2021-06-01 https://www.sec.gov/Archives/edgar/data/1838293/000119312521178310/d429999d10q.htm
8-K FORM 8-K 2021-06-01 https://www.sec.gov/Archives/edgar/data/1838293/000119312521178304/d153573d8k.htm
NT 10-Q NT 10-Q 2021-05-17 https://www.sec.gov/Archives/edgar/data/1838293/000119312521162877/d473892dnt10q.htm
10-K FORM 10-K 2021-04-15 https://www.sec.gov/Archives/edgar/data/1838293/000119312521117857/d245597d10k.htm
8-K FORM 8-K 2021-04-01 https://www.sec.gov/Archives/edgar/data/1838293/000119312521103706/d139928d8k.htm
NT 10-K NT 10-K 2021-03-31 https://www.sec.gov/Archives/edgar/data/1838293/000119312521102238/d151783dnt10k.htm
SC 13G SC 13G 2021-03-29 https://www.sec.gov/Archives/edgar/data/1838293/000110465921043158/tm2111068d8_sc13g.htm
SC 13G CATCHA INVESTMENT CORP 2021-03-01 https://www.sec.gov/Archives/edgar/data/1838293/000090266421001665/p21-0843sc13g.htm
SC 13G EMPYREAN CAPITAL PARTNERS, LP 2021-03-01 https://www.sec.gov/Archives/edgar/data/1838293/000090266421001648/p21-0842sc13g.htm
8-K FORM 8-K 2021-02-24 https://www.sec.gov/Archives/edgar/data/1838293/000119312521053271/d146541d8k.htm
SC 13G 2021-02-18 https://www.sec.gov/Archives/edgar/data/1838293/000131924421000140/CHAA_SC13G.htm
8-K FORM 8-K 2021-02-18 https://www.sec.gov/Archives/edgar/data/1838293/000119312521047119/d141824d8k.htm
424B4 424(B)(4) 2021-02-17 https://www.sec.gov/Archives/edgar/data/1838293/000119312521045283/d311496d424b4.htm
3 FORM 3 SUBMISSION 2021-02-12 https://www.sec.gov/Archives/edgar/data/1838293/000089924321006184/xslF345X02/doc3.xml
EFFECT 2021-02-11 https://www.sec.gov/Archives/edgar/data/1838293/999999999521000601/xslEFFECTX01/primary_doc.xml
S-1MEF FORM S-1MEF 2021-02-11 https://www.sec.gov/Archives/edgar/data/1838293/000119312521039152/d109253ds1mef.htm
3 FORM 3 SUBMISSION 2021-02-11 https://www.sec.gov/Archives/edgar/data/1838293/000089924321006148/xslF345X02/doc3.xml
3 FORM 3 SUBMISSION 2021-02-11 https://www.sec.gov/Archives/edgar/data/1838293/000089924321006136/xslF345X02/doc3.xml
3 FORM 3 SUBMISSION 2021-02-11 https://www.sec.gov/Archives/edgar/data/1838293/000089924321006133/xslF345X02/doc3.xml
3 FORM 3 SUBMISSION 2021-02-11 https://www.sec.gov/Archives/edgar/data/1838293/000089924321006132/xslF345X02/doc3.xml
3 FORM 3 SUBMISSION 2021-02-11 https://www.sec.gov/Archives/edgar/data/1838293/000089924321006120/xslF345X02/doc3.xml
CERT NYSE CERTIFICATION 2021-02-11 https://www.sec.gov/Archives/edgar/data/1838293/000087666121000196/CHAA021121.pdf
8-A12B FORM 8-A12B 2021-02-11 https://www.sec.gov/Archives/edgar/data/1838293/000119312521038061/d112379d8a12b.htm
CORRESP 2021-02-10 https://www.sec.gov/Archives/edgar/data/1838293/000119312521035650/filename1.htm
CORRESP 2021-02-10 https://www.sec.gov/Archives/edgar/data/1838293/000119312521035642/filename1.htm
CORRESP 2021-02-08 https://www.sec.gov/Archives/edgar/data/1838293/000119312521031912/filename1.htm
S-1/A FORM S-1 AMENDMENT NO. 1 2021-02-08 https://www.sec.gov/Archives/edgar/data/1838293/000119312521031905/d311496ds1a.htm
UPLOAD 2021-02-04 https://www.sec.gov/Archives/edgar/data/1838293/000000000021001455/filename1.pdf
S-1 FORM S-1 2021-01-25 https://www.sec.gov/Archives/edgar/data/1838293/000119312521016233/d311496ds1.htm
DRS 2021-01-08 https://www.sec.gov/Archives/edgar/data/1838293/000095012321000156/filename1.htm