---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-012880"
form_type: "8-K"
ticker: "IPOD"
cik: "0002041047"
company_name: "COLLECTIVE ACQUISITION CORP."
filed_at: "2026-02-05T23:59:59+00:00"
generated_at: "2026-05-16T04:34:59.320983+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Dune Acquisition Corp II to change sponsor for $2M; new CEO and directors appointed

## Summary
- New Sponsor (Collective Acquisition Sponsor LLC) to purchase 4.475M Class B shares and 1M private placement warrants for $2M.
- Existing CEO Carter Glatt and CFO Michael Castaldy resign; Elliot Richmond appointed CEO and CFO.
- Independent directors David Bailin and Jeremy Sziklay appointed; Carter Glatt to serve as Special Advisor.
- Old sponsor member can repurchase transferred interests for $2M if no business combination agreement signed by May 7, 2026.
- Closing expected on or around February 5, 2026.

## SEC filing metadata
- accession: 0001213900-26-012880
- form_type: 8-K
- ticker: IPOD
- cik: 0002041047
- company_name: COLLECTIVE ACQUISITION CORP.
- filed_at: 2026-02-05T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2041047/000121390026012880/0001213900-26-012880-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2041047/000121390026012880/ea0275785-8k_duneacq2.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-012880
- JSON: https://secwatch.observer/filing/0001213900-26-012880.json
- Plain text: https://secwatch.observer/filing/0001213900-26-012880.txt

## Key facts
- Material Agreements
  COLLECTIVE ACQUISITION CORP. entered into Purchase and Sponsor Handover Agreement with Collective Acquisition Sponsor LLC valued at $2,000,000 (effective 2026-01-30).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Collective Acquisition Sponsor LLC
  - Value: $2,000,000
  - Effective: 2026-01-30
  source text: On January 30, 2026, Collective Acquisition Sponsor LLC, a Delaware limited liability company (the “ New Sponsor ”), Dune Acquisition Corporation II, a Cayman Islands exempted company (the “ SPAC ”), Dune Acquisition Holdings II LLC, a Delaware limited liability company (the “ Sponsor ”), Carter Glatt, as the managing member of Sponsor (the “ Sponsor Member ”), certain members of the Sponsor named as signatories thereto (the “ Non-Managing Members ”) and certain other institutional investors signatories thereto (the “ Non-Managing Investors ”, together with the Non-Managing Members and the Sponsor Member, the “ Old Sponsor Members ”) entered into a Purchase and Sponsor Handover Agreement (the “ Purchase Agreement ”) pursuant to which New Sponsor has agreed to purchase from the Sponsor, an aggregate of (i) 4,475,000 Class B ordinary shares, $0.0001 par value per share and (ii) 1,000,000 private placement warrants of the SPAC (the “ Transferred Interests ”), for an aggregate purchase pri
  evidence_url: https://www.sec.gov/Archives/edgar/data/2041047/000121390026012880/0001213900-26-012880-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.