other material
confidence high
sentiment neutral
materiality 0.75
Collective Acquisition Corp. II completes $220M IPO and $4.67M private placement
Collective Acquisition Corp. II
- IPO of 22M units at $10 each; 45-day over-allotment option for up to 3.3M additional units.
- Sponsor purchased 5,837,500 private warrants at $0.80 each, raising $4.67M.
- Trust account holds $221.1M ($10.05 per public share); funds for initial business combination.
- Working capital outside trust is $0.94M; 18-month deadline to complete business combination.
- Audited balance sheet shows total assets $222.36M, shareholders' deficit $5.59M (offering costs).