Dune Acquisition Corp II closes $143.75M IPO; $144.1M placed in trust

COLLECTIVE ACQUISITION CORP.

Sold 14.375M units at $10/unit, including full over-allotment of 1.875M units; gross proceeds $143.75M.
Concurrent private placement of 2M warrants to sponsor Dune Acquisition Holdings II LLC for $2M.
$144.1M deposited in trust account ($10.025 per unit); will be used for initial business combination.
Company has 15 months from closing to complete a business combination or will liquidate.
Transaction costs totaled $6.64M, including $5.75M deferred underwriting fee.

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