Collective Acquisition Corp. II 8-K

What Happened Collective Acquisition Corp. II announced on April 30, 2026 that it consummated its initial public offering of 22,000,000 units at $10.00 per unit, generating $220,000,000 in gross proceeds. Each Unit consists of one Class A ordinary share and one-half of one redeemable warrant (one full Warrant exercisable for one Class A share at $11.50). Simultaneously the company completed a private placement of 5,837,500 warrants to its sponsor, Collective Acquisition Sponsor II LLC, at $0.80 per warrant for $4,670,000. A total of $221,100,000 (including up to $6,600,000 of deferred underwriting commissions) was placed in a U.S.-based trust account maintained by Efficiency INC. An audited balance sheet as of April 30, 2026 reflecting these proceeds was filed as Exhibit 99.1 to the 8-K.

Key Details

• IPO: 22,000,000 units sold at $10.00 each → $220,000,000 gross proceeds (April 30, 2026).
• Private Placement: 5,837,500 warrants sold to sponsor at $0.80 each → $4,670,000 gross proceeds.
• Total placed in trust: $221,100,000 (includes up to $6.6M deferred underwriting commissions).
• Over-allotment: Underwriters have a 45-day option to buy up to 3,300,000 additional units at the IPO price.
• Warrant terms: Each whole warrant exercisable for one Class A share at $11.50.

Why It Matters This filing confirms the SPAC has completed its public fundraising and placed the IPO and sponsor proceeds in trust—an important step before pursuing a business combination. For retail investors, the trust balance and the sponsor’s private placement show initial capitalization and sponsor alignment; the over-allotment option could increase the float and cash in trust if exercised. The audited balance sheet provides a verified snapshot of cash available in trust, which is key for assessing the SPAC’s runway toward a potential merger or acquisition.