other material
confidence high
sentiment neutral
materiality 0.20
Collective Acquisition Corp. converts 3.5M Class B shares to Class A for Sponsor
COLLECTIVE ACQUISITION CORP.
- On Aug 13, 2026, issued 3,500,000 Class A shares to Collective Acquisition Sponsor LLC upon conversion of equal Class B shares.
- No consideration paid; converted shares retain transfer restrictions, redemption waiver, and vote-for-business-combination obligation.
- Post-conversion: 5,119,501 Class A and 2,250,000 Class B ordinary shares outstanding.
- Exemption claimed under Section 3(a)(9) of Securities Act; shares unregistered.