Collective Acquisition Corp. II Announces the Pricing of $220,000,000 Initial Public Offering

Rhea-AI Summary

Collective Acquisition Corp. II (Nasdaq: CAIIU) priced an initial public offering of 22,000,000 units at $10.00 per unit, implying gross proceeds of $220,000,000. Units begin trading on April 29, 2026 and the offering is expected to close April 30, 2026, subject to customary closing conditions.

Each unit contains one Class A ordinary share and one-half warrant (whole warrant exercise price $11.50). The underwriters have a 45-day option for up to 3,300,000 additional units.

Positive

• IPO size of $220,000,000 (22,000,000 units at $10)
• Units expected to trade on Nasdaq starting April 29, 2026
• 45-day over-allotment option for 3,300,000 units available

Negative

• Structure includes warrants (exercise $11.50) that can dilute shareholders
• Company is a blank check vehicle; target acquisition is unspecified
• Closing is subject to customary conditions, not guaranteed

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

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Miami, FL, April 28, 2026 (GLOBE NEWSWIRE) -- Collective Acquisition Corp. II (the “Company”) announced today the pricing of its initial public offering of 22,000,000 units at a price of $10.00 per unit. The units are expected to be listed on The Nasdaq Stock Market LLC (“Nasdaq”) and begin trading tomorrow, April 29, 2026, under the ticker symbol “CAIIU.” Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to certain adjustments. 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 offering is expected to close on April 30, 2026, subject to customary closing conditions. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,300,000 units at the initial public offering price to cover over-allotments, if any.

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 is acting as sole book-running manager for the offering. Reed Smith LLP is serving as legal counsel to the Company and Walkers (Cayman) LLP is serving as Cayman Island counsel to the Company. Morgan, Lewis & Bockius LLP is serving as legal counsel to the underwriters.

The offering is being made only by means of a prospectus. When available, copies of the prospectus 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 has been filed with the U.S. Securities and Exchange Commission (the “SEC”) and became effective 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 proposed initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or 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

What did Collective Acquisition Corp. II (CAIIU) price for its IPO on April 29, 2026?

The IPO was priced at 22,000,000 units at $10.00 each, totaling $220,000,000. According to the company, each unit includes one Class A share and one-half of a redeemable warrant.

When will CAIIU units and underlying securities begin trading on Nasdaq?

Units begin trading April 29, 2026; separate Class A shares and warrants are expected to trade thereafter. According to the company, Class A shares and warrants will list under CAII and CAIIW once separated.

What is the warrant exercise price for CAIIU and how could it affect shareholders?

Each whole warrant entitles purchase of one share at $11.50. According to the company, warrants can be exercised, which may increase share count and dilute existing holders.

Does Collective Acquisition Corp. II have an option for additional units after the IPO?

Yes. The underwriters have a 45-day option to buy up to 3,300,000 additional units at the IPO price. According to the company, this covers potential over-allotments.

What business will CAIIU pursue after closing its public offering?

CAIIU is a blank check company formed to complete a business combination in various sectors. According to the company, initial focus is on national-interest areas like defense, AI, financial, and strategic resources.