Collective Acquisition Corp. II Announces the Closing of $220 Million Initial Public Offering

Collective Acquisition Corp. II (NASDAQ:CAIIU) closed a 22,000,000-unit initial public offering at $10.00 per unit, generating $220,000,000 in gross proceeds on April 30, 2026.

Rhea-AI Summary

Collective Acquisition Corp. II (NASDAQ:CAIIU) closed a 22,000,000-unit initial public offering at $10.00 per unit, generating $220,000,000 in gross proceeds on April 30, 2026.

Each unit includes one Class A ordinary share and one-half warrant (whole warrants exercisable at $11.50). The underwriters have a 45-day option to buy up to 3,300,000 additional units.

The company is a blank check vehicle targeting national-security-related sectors; management includes Daniel Hoffman and Samuel Sayegh.

Positive

• $220,000,000 gross proceeds from IPO
• Nasdaq Global Market listing under ticker CAIIU
• Underwriters granted 45-day option for up to 3,300,000 additional units

Negative

• Structure is a blank check company formed only to pursue a business combination
• Units include warrants exercisable at $11.50, which may affect future share count

Argus May 1 session

+0.05% close to close Open Argus

Details

News Market Reaction – CAIIU

On May 1, the first trading day after this news, CAIIU closed 0.05% above the previous close.

Data tracked by StockTitan Argus for the May 1 session.

Key Figures

Units Offered: 22,000,000 units IPO Price: $10.00 per unit Gross Proceeds: $220,000,000 +5 more

Units Offered

22,000,000 units

Initial public offering size

IPO Price

$10.00 per unit

Initial public offering price

Gross Proceeds

$220,000,000

Aggregate gross proceeds from IPO

Over-allotment Option

3,300,000 units

Underwriters’ option to purchase additional units

Option Period

45 days

Duration of underwriters’ over-allotment option

Warrant Exercise Price

$11.50 per share

Exercise price per Class A ordinary share

Nasdaq Trading Start

April 29, 2026

Units began trading on Nasdaq Global Market

SEC Effectiveness Date

April 28, 2026

Registration statement declared effective by SEC

Key Terms

blank check company, redeemable warrant, over-allotments, registration statement, +2 more

6 terms

blank check company financial

"The Company is a blank check company formed for the purpose of effecting a merger..."

A blank check company is a publicly listed shell that raises money from investors before naming a specific business to buy or merge with, similar to handing a cashier a signed check and asking them to fill in the payee later. It matters to investors because it offers a faster, often cheaper path for private firms to become public, but carries extra risk since returns depend on the organizers’ ability to find a good deal and on limited information about the future business.

redeemable warrant financial

"one-half of one redeemable warrant, with each whole warrant entitling the holder..."

A redeemable warrant is a financial tool that gives its holder the right to buy shares of a company at a fixed price within a certain period. If the holder chooses to do so, the company can buy back or cancel the warrant before it expires, often to encourage investment or manage share issuance. For investors, it provides an option to potentially buy shares at a favorable price while offering some flexibility for the issuing company.

over-allotments financial

"option to purchase up to 3,300,000 additional units... to cover any over-allotments."

An over-allotment is a temporary extra batch of shares that the underwriters of a stock offering are allowed to sell beyond the original amount, with the right to buy those shares back later. Think of it as spare tickets sold to meet demand and then reclaimed if needed to keep the market orderly; it helps stabilize the stock price after an offering and can affect short-term supply and potential dilution, which matters to investors tracking price and ownership stakes.

registration statement regulatory

"A registration statement relating to the Company’s securities was declared effective..."

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

prospectus regulatory

"The offering was made only by means of a prospectus, copies of which may be obtained..."

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

book-running manager financial

"Clear Street LLC acted as sole book-running manager for the offering."

A book-running manager is the lead organizer responsible for coordinating a large financial sale, such as issuing new stocks or bonds. They oversee preparing all necessary documents, setting the sale’s price, and finding buyers, much like a concert promoter arranging a major event. Their role matters to investors because they help ensure the offering is successfully sold at the best possible terms.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Miami, FL, April 30, 2026 (GLOBE NEWSWIRE) -- Collective Acquisition Corp. II (the “Company”) announced today the closing of its initial public offering of 22,000,000 units. The offering was priced at $10.00 per unit, resulting in gross proceeds of $220,000,000.

The Company’s units began trading on April 29, 2026 on the Nasdaq Global Market (“Nasdaq”) under the ticker symbol “CAIIU.” Each unit consists of one Class A ordinary share of the Company and one-half of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share of the Company at an exercise price of $11.50 per share. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities constituting the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “CAII” and “CAIIW,” respectively.

The Company has granted the underwriters a 45-day option to purchase up to 3,300,000 additional units at the initial public offering price, less underwriting discounts and commissions, to cover any over-allotments.

The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any industry, sector or geographic region but intends to focus its search initially on businesses that provide products or services impacting the sovereignty, security, self-sufficiency, or other national interests of the United States and/or its allies, including in the financial, strategic resources, defense technology, or artificial intelligence sectors.

The Company’s management team is led by Daniel Hoffman, its Chief Executive Officer, and Samuel Sayegh, its Chairman, President and Chief Financial Officer, who are both members of the Board of Directors of the Company (the “Board”). In addition, the Board includes Rear Admiral (Ret.) Matthew Burns, Lieutenant General (Ret.) Francis Beaudette, and James Shekerdemian.

Clear Street LLC acted as sole book-running manager for the offering. Reed Smith LLP served as legal counsel to the Company and Walkers (Cayman) LLP served as Cayman Islands counsel to the Company. Morgan, Lewis & Bockius LLP served as legal counsel to the underwriter.

The offering was made only by means of a prospectus, copies of which may be obtained from: Clear Street LLC, 4 World Trade Center, 150 Greenwich Street, Floor 45, New York NY 10007, or by email at ECM@clearstreet.io, or by accessing the SEC’s website, www.sec.gov.

A registration statement relating to the Company’s securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on April 28, 2026. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute “forward-looking statements,” including with respect to the anticipated use of the net proceeds of the offering and the Company’s search for an initial business combination. No assurance can be given that the net proceeds of the offering will be used as indicated, or that the Company will ultimately complete a business combination transaction.

Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. Copies of these documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Investor Contacts

Collective Acquisition Corp. II
Daniel Hoffman, Chief Executive Officer
dan@ccmacq.com; danh@themondaygroup.net

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did Collective Acquisition Corp. II (CAIIU) raise in its April 2026 IPO?

The IPO raised $220,000,000 in gross proceeds from 22,000,000 units at $10.00 per unit. According to the company, 22,000,000 units were sold and units began trading April 29, 2026 on Nasdaq.

What securities comprise each Collective Acquisition Corp. II unit (CAIIU)?

Each unit contains one Class A ordinary share and one-half of a redeemable warrant. According to the company, whole warrants will trade and are exercisable to buy one share at $11.50 per warrant.

What is the exercise price and trading detail for CAIIU warrants?

Warrants associated with the units have an exercise price of $11.50 per share. According to the company, no fractional warrants will be issued and whole warrants will trade separately under a likely symbol CAIIW.

Does Collective Acquisition Corp. II have an overallotment option and how large is it?

The underwriters received a 45-day option to purchase up to 3,300,000 additional units at the IPO price. According to the company, this covers potential over-allotments during the stabilization period.

What type of company is Collective Acquisition Corp. II and what sectors will it target post-IPO?

Collective Acquisition Corp. II is a blank check company formed to complete a business combination. According to the company, it intends to focus initially on national-security-related sectors including defense technology, AI, financial, and strategic resources.