2023 Q4 - Annual Report

UNITEDSTATES SECURITIESANDEXCHANGECOMMISSION Washington,D.C.20549FORM10-K (MarkOne) oANNUALREPORTPURSUANTTOSECTION13OR15(D)OFTHESECURITIESEXCHANGEACTOF1934 ForthefiscalyearendedDecember31,2023 ☐TRANSITIONREPORTPURSUANTTOSECTION13OR15(D)OFTHESECURITIESEXCHANGEACTOF1934Forthetransitionperiodfromto CATCHAINVESTMENTCORP (Exactnameofregistrantasspecifiedinitscharter) CaymanIslands98-1574476 (StateorOtherJurisdictionofIncorporationorOrganization) (IRSEmployerIdentificationNumber) 3RafflesPlace#06-01, BharatBuilding,Singapore048617 (AddressofPrincipalExecutiveOffices)(ZipCode) +65-6325-2788 (RegistrantTelephoneNumber,IncludingAreaCode) Level42,SuntecTowerThree8TemasekBlvdSingapore (Formernameorformeraddress,ifchangedsincelastreport) 001-40061 (CommissionFileNumber) SecuritiesregisteredpursuanttoSection12(b)oftheAct: TitleofeachclassTradingSymbol(s)Nameofeachexchangeonwhichregistered ClassAordinaryshares,parvalue $0.0001pershare CHAA NYSEAmericanLLC SecuritiesregisteredpursuanttoSection12(g)oftheAct:None Indicatebycheckmarkiftheregistrantisawell-knownseasonedissuer,asdefinedinRule405oftheSecuritiesAct.Yes☐No☒ IndicatebycheckmarkiftheregistrantisnotrequiredtofilereportspursuanttoSection13orSection15(d)oftheExchangeAct.Yes ☐No☒ Indicatebycheckmarkwhethertheregistrant(1)hasfiledallreportsrequiredtobefiledbySection13or15(d)oftheSecuritiesExchangeActof1934duringthepreceding12months(orforsuchshorterperiodthattheregistrantwasrequiredtofilesuchreports),and(2)hasbeensubjecttosuchfilingrequirementsforthepast90days.Yes☐No☒ IndicatebycheckmarkwhethertheregistranthassubmittedelectronicallyeveryInteractiveDataFilerequiredtobesubmittedpursuanttoRule405ofRegulationS-T(§232.405ofthischapter)duringthepreceding12months(orforsuchshorterperiodthattheregistrantwasrequiredtosubmitandsuchfiles).Yes☒No☐ Indicatebycheckmarkwhethertheregistrantisalargeacceleratedfiler,anacceleratedfiler,anon-acceleratedfiler,asmallerreportingcompanyoranemerginggrowthcompany.Seedefinitionof“largeacceleratedfiler,”“acceleratedfiler”,“smallerreportingcompany”and“emerginggrowthcompany”inRule12b-2oftheExchangeAct. Largeacceleratedfiler ☐ Acceleratedfiler ☐ Non-acceleratedfiler ☒ Smallerreportingcompany ☒ Emerginggrowthcompany☒ Ifanemerginggrowthcompany,indicatebycheckmarkiftheregistranthaselectednottousetheextendedtransitionperiodforcomplyingwithanyneworrevisedfinancialaccountingstandardsprovidedpursuanttoSection13(a)oftheExchangeAct.☐ Indicatebycheckmarkwhethertheregistranthasfiledareportonandattestationtoitsmanagement’sassessmentoftheeffectivenessofitsinternalcontroloverfinancialreportingunderSection404(b)oftheSarbanes-OxleyAct(15U.S.C.7262(b))bytheregisteredpublicaccountingfirmthatpreparedorissueditsauditreport.☐ IfsecuritiesareregisteredpursuanttoSection12(b)oftheAct,indicatebycheckmarkwhetherthefinancialstatementsoftheregistrantincludedinthefilingreflectthecorrectionofanerrortopreviouslyissuedfinancialstatements.☐ Indicatebycheckmarkwhetheranyofthoseerrorcorrectionsarerestatementsthatrequiredarecoveryanalysisofincentive-basedcompensationreceivedbyanyoftheregistrant’sexecutiveofficersduringtherelevantrecoveryperiodpursuantto§240.10D-1(b).☐ Indicatebycheckmarkwhethertheregistrantisashellcompany(asdefinedinRule12b-2oftheExchangeAct).Yes☒No☐ TheaggregatemarketvalueoftheRegistrant’sClassAordinarysharesoutstanding,otherthansharesheldbypersonswhomaybedeemedaffiliatesoftheRegistrant,computedbyreferencetotheclosingpricefortheClassAordinarysharesasofthelastbusinessdayoftheRegistrant’smostrecentlycompletedsecondfiscalquarter($10.48asofJune30,2023),asreportedontheNewYorkStockExchange,was$23,211,722. AsofJune17,2024,8,715,232sharesofClassAordinaryshares(including7,350,350sharesthatwereconvertedfromClassBordinaryshares),parvalue$0.0001,and149,650sharesofClassBordinaryshares,parvalue$0.0001,wereissuedandoutstanding. DocumentsIncorporatedbyReference:None. Item12.SecurityOwnershipofCertainBeneficialOwnersandManagementandRelatedStockholderMatters73 Item7.Management’sDiscussionandAnalysisofFinancialConditionandResultsofOperations55 TABLEOFCONTENTS Page CAUTIONARYNOTEREGARDINGFORWARD-LOOKINGSTATEMENTSiii PARTI1 Item1.Business1 Item1A.RiskFactors18 Item2.Properties53 Item1B.UnresolvedStaffComments53 Item1C.Cybersecurity53 Item4.MineSafetyDisclosures53 Item3.LegalProceedings53 PARTII54 Item5. MarketforRegistrant’sCommonEquity,RelatedStockholderMattersandIssuerPurchasesofEquitySecurities 54 Item6.Reserved55 Item7A.QuantitativeandQualitativeDisclosuresaboutMarketRisk63 Item8.FinancialStatementsandSupplementaryData63 Item9A.ControlsandProcedures63 Item9.ChangesinandDisagreementswithAccountantsonAccountingandFinancialDisclosure63 Item9C.DisclosureregardingForeignJurisdictionsthatpreventinspections64 PartIII65 Item10.Directors,ExecutiveOfficersandCorporateGovernance65 Item9B.OtherInformation64 Item11.ExecutiveCompensation72 Item13.CertainRelationshipsandRelatedTransactions,andDirectorIndependence74 Item14.PrincipalAccountantFeesandServices77 PARTIV78 Item15.Exhibits