Corporate GovernanceApr 27, 2026, 05:22 PM
IPOD Adopts Second Amended & Restated Articles of Association
AI Summary
Dune Acquisition Corp II (IPOD) adopted its Second Amended and Restated Memorandum and Articles of Association, effective April 21, 2026. These new articles, under the name Collective Acquisition Corp., detail the company's share capital structure, including 200 million Class A, 20 million Class B, and 1 million preference shares, all with a par value of $0.0001 each. Key provisions include the automatic conversion of Class B shares into Class A shares upon a business combination, with anti-dilution adjustments.
Key Highlights
- Adopted Second Amended and Restated Articles of Association, effective April 21, 2026.
- Company name in articles is Collective Acquisition Corp.
- Share capital: 200M Class A, 20M Class B, 1M Preference shares, all $0.0001 par value.
- Class B shares convert to Class A shares one-for-one upon business combination.
- Class B conversion ratio subject to anti-dilution adjustments for new equity issuances.
- Company objects are unrestricted; liability of members limited to unpaid shares.
- Registered office in Cayman Islands at Appleby Global Services (Cayman) Limited.
Price Impact
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