Collective Acquisition (NASDAQ: CCAQ) swaps 3.5M Class B for Class A
Rhea-AI Filing Summary
COLLECTIVE ACQUISITION CORP. (CCAQ) disclosed that on August 13, 2026 it issued 3,500,000 Class A ordinary shares to Collective Acquisition Sponsor LLC through the conversion of an equal number of Class B ordinary shares held by the sponsor. No consideration was paid for this conversion, and the new Class A shares carry the same transfer restrictions, waiver of redemption rights, and obligation to vote in favor of a Business Combination that previously applied to the Class B shares. After the conversion, 5,119,501 Class A ordinary shares and 2,250,000 Class B ordinary shares are issued and outstanding. The newly issued Class A shares were not registered under the Securities Act of 1933, with the company relying on the Section 3(a)(9) exemption.
Positive
- None.
Negative
- None.
Filing Explained
The completed
8-K Event Classification
2 items: 3.02, 9.01
2 items
Item 3.02
Unregistered Sales of Equity Securities
Securities
The company sold equity securities in a private placement or other unregistered transaction.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Class A shares issued in conversion: 3,500,000 shares
Class A shares outstanding after conversion: 5,119,501 shares
Class B shares outstanding after conversion: 2,250,000 shares
+2 more
5 metrics
Class A shares issued in conversion
3,500,000 shares
Class A ordinary shares issued to the sponsor upon conversion of an equal number of Class B shares on August 13, 2026
Class A shares outstanding after conversion
5,119,501 shares
Class A ordinary shares issued and outstanding following the August 13, 2026 conversion
Class B shares outstanding after conversion
2,250,000 shares
Class B ordinary shares issued and outstanding following the August 13, 2026 conversion
Class A par value
$0.0001 per share
Par value of CCAQ Class A ordinary shares as stated in the securities description
Warrant exercise price
$11.50 per share
Each whole warrant exercisable for one Class A ordinary share at this exercise price
Key Terms
Business Combination, Section 3(a)(9), emerging growth company, redeemable warrant, +1 more
5 terms
Business Combination financial
"the obligation to vote in favor of a Business Combination as described"
A business combination happens when two or more companies join together to operate as one, like two friends merging their teams into a single group. This is important because it can change how companies grow, compete, and make money, often making them bigger and more powerful in the market.
Section 3(a)(9) regulatory
"in reliance on the exemption from registration provided by Section 3(a)(9)"
Section 3(a)(9) is a provision of U.S. securities law that exempts certain exchanges of an issuer’s own securities with its existing holders from the usual public registration rules, typically when the swap doesn’t involve a public offering or outside buyers. For investors, it matters because such exchanges can change who holds what, affect dilution and liquidity, and may occur with less public disclosure than a registered sale — think of it like swapping old coupons for new ones behind the scenes rather than selling them in a public marketplace.
emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
redeemable warrant financial
"three-quarters of one redeemable warrant"
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.
par value financial
"Class A ordinary shares, par value $0.0001 per share"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
FAQ
What equity transaction did CCAQ report on August 13, 2026?
CCAQ reported issuing 3,500,000 Class A ordinary shares to its sponsor by converting an equal number of Class B ordinary shares. This internal conversion changed the share classes held by the sponsor but did not involve any cash consideration.
What are the key listed securities and warrant terms for CCAQ?
CCAQ lists units (CCAQU), Class A shares (CCAQ), and warrants (CCAQW) on Nasdaq. Each whole warrant is exercisable for one Class A ordinary share at an exercise price of $11.50 per share, as disclosed in the filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
