other material
confidence high
sentiment negative
materiality 0.85
Collective Acquisition extends SPAC deadline to Aug 2027; 12.86M shares redeemed, trust down to ~$15.9M
COLLECTIVE ACQUISITION CORP.
- Shareholders approved extending business combination deadline from Aug 8, 2026 to Aug 8, 2027 (12 months).
- 12,863,312 Class A shares redeemed; $135,190,109.16 (~$10.51/share) removed from trust account.
- Approximately $15,887,453.01 remains in trust post-redemptions.
- Extension vote: 15,841,860 for, 1,719,170 against; adjournment passed 16,779,914 to 781,116.
- Company now holds limited trust funds to pursue initial business combination.