Catalyst Acquisition said late Monday it has priced its initial public offering of 20 million units at $10 per share.

The underwriter has been granted a 45-day overallotment option to purchase up to an additional 3 million units at IPO price.

The units are expected to begin trading this Tuesday on Nasdaq under the ticker symbol, "CATLU."

Each unit includes one class A ordinary share and one right to receive one-seventh of one class A ordinary share, upon consummation of an initial business combination.

Once the securities comprising the units begin trading separately, the ordinary shares and rights are expected to be listed on the Nasdaq under the symbols, "CATL," and "CATLR," respectively.

Catalyst Acquisition intends to pursue acquisitions or mergers in the traditional and digital media sectors, including video game companies, mobile gaming, publishers, studios and media platforms.