Collective Acquisition Corp. II completes $220 million IPO and places $221.1 million in trust
Collective Acquisition Corp. II, a blank check company, closed its initial public offering on April 30, 2026, selling 22,000,000 units at $10.00 each for gross proceeds of $220,000,000. The company said $221,100,000 was placed in a U.S.-based trust account, and the company has not yet selected a business combination target.
Key points
- IPO of 22,000,000 units at $10.00 per unit, generating $220,000,000 in gross proceeds on April 30, 2026
- Sponsor bought 5,837,500 private placement warrants at $0.80 each, for $4,670,000 in gross proceeds
- $221,100,000 ($10.05 per unit) placed in trust account; company has 18 months from the IPO closing to complete a business combination
- As of April 30, 2026, the company had not selected a target business and had $1,031,745 in cash
The filing
Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 08, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.