CAIIU · Collective Acquisition Corp. II

Collective Acquisition Corp. II, a Cayman Islands blank check company formed on February 9, 2026, consummated its IPO on April 30, 2026, issuing 22,000,000 units at $10.00 each, generating $220 million in gross proceeds. Each unit includes one Class A ordinary share ($0.0001 par value) and one-half redeemable warrant exercisable at $11.50 per share. Concurrently, the sponsor, Collective Acquisition Sponsor II LLC, purchased 5,837,500 private placement warrants at $0.80 each for $4.67 million. Underwriters received a 45-day over-allotment option for up to 3,300,000 additional units. A total of $221.1 million ($10.05 per unit), including deferred underwriting commissions of up to $6.6 million payable to Clear Street LLC, was deposited into a U.S.-based trust account managed by Efficiency INC. The audited balance sheet as of April 30, 2026, confirms total assets of $222.4 million, primarily trust cash, with liabilities of $6.85 million including deferred fees and over-allotment liability. Shareholders' deficit stands at $5.59 million, reflecting formation and offering costs of $10.53 million. The company has 18 months to complete a business combination or face liquidation, with no target identified as of the balance sheet date. This IPO provides significant trust capital for pursuing a merger with a target representing at least 80% of trust net assets.