Corporate ActionApr 27, 2026, 04:34 PM
CAII S-1 Amendment: $220M IPO of 22M Units at $10.00
AI Summary
Collective Acquisition Corp. II filed an Amendment No. 2 to its S-1 registration statement for an initial public offering of 22,000,000 units at $10.00 per unit, aiming to raise $220,000,000. Each unit comprises one Class A ordinary share and one-half of one redeemable warrant. The SPAC intends to focus on businesses impacting US national interests, particularly in financial, strategic resources, defense technology, or AI sectors. The sponsor will purchase private warrants and founder shares, leading to potential dilution for public shareholders.
Key Highlights
- CAII to offer 22,000,000 units in IPO at $10.00 per unit.
- Aims to raise $220,000,000 in gross proceeds from the offering.
- Each unit consists of one Class A ordinary share and one-half redeemable warrant.
- Warrants are exercisable at $11.50 per share.
- Sponsor to purchase 5,837,500 private warrants for $4,670,000.
- Sponsor acquired 8,433,333 Class B founder shares for $25,000.
- $221,100,000 to be placed in a U.S.-based trust account.
- Must complete initial business combination within 18 months.