Item 8.01 Other Events
On June 29, 2022, Catalyst Partners Acquisition Corp. (the "Company") and
Goldman Sachs & Co. LLC ("Goldman Sachs"), as representative of the underwriters
named in Schedule I to the Underwriting Agreement (the "Underwriting
Agreement"), dated May 17, 2021, between the Company and Goldman Sachs & Co.
LLC, entered into an agreement pursuant to which Goldman Sachs waived all rights
to the Deferred Discount (as defined in the Underwriting Agreement). The
Deferred Discount was for an amount of approximately $12 million and was owed
upon consummation by the Company of an initial business combination. The Company
continues to pursue an initial business combination but there is no assurance it
will be able to consummate one.
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