Collective Acquisition Sponsor II LLC reported its initial ownership of 8,433,333 Class B ordinary shares of Collective Acquisition Corp. II. These Class B shares will automatically convert into Class A shares on a one-for-one basis at the time of the company’s initial business combination. The holdings include up to 1,100,000 founder shares that may be surrendered for no consideration depending on how much of the underwriters’ over-allotment option is exercised.
Collective Acquisition Corp. II director James Yervant Shekerdemian has filed an initial Form 3, which is the SEC’s statement of beneficial ownership for insiders. The filing identifies him as a director of the company and, at this stage, reports no share transactions or derivative positions.
Collective Acquisition Corp. II filed an initial Form 3 for Samuel David Sayegh, who serves as Chairman, President and CFO. The filing reports his status as an officer and director of the company, and shows no reported share purchases, sales or other transactions.
Collective Acquisition Corp. II filed an initial ownership report on Form 3 for its Chief Executive Officer, Daniel Jay Hoffman. The filing does not report any transactions or derivative positions, serving as a baseline disclosure of his status as an officer and director of the company.
Collective Acquisition Corp. II director Matthew John Burns filed an initial statement of beneficial ownership on Form 3. This filing establishes his status as a reporting person under SEC rules. The data provided does not show any buy, sell, or other share transactions or positions.
Collective Acquisition Corp. II director Beaudette Francis M. filed an initial Form 3, which is a statement of beneficial ownership for insiders. This filing lists the director as a reporting person but does not report any stock transactions or derivative holdings.
Collective Acquisition Corp. II is conducting an initial public offering of 22,000,000 units at $10.00 per unit to raise $220,000,000. Each unit contains one Class A ordinary share and one-half of one redeemable warrant; only whole warrants trade and each whole warrant has an $11.50 exercise price.
Approximately $221,100,000 (or $254,265,000 if the underwriters’ over-allotment is exercised) will be placed in a U.S.-based trust account. The sponsor purchased 8,433,333 founder (Class B) shares for $25,000 (about $0.003 per share) and will purchase 5,837,500 private warrants at $0.80 per warrant, creating immediate dilution and anti-dilution conversion mechanics that may increase Class A issuance on conversion. Public shareholders can redeem shares at the pro rata trust account value; certain holders will be restricted from redeeming more than 15% of the offering if redemptions occur in connection with a shareholder vote. The company must complete a business combination within 18 months (unless extended by shareholder vote), or it will liquidate and redeem public shares.