| Line Item | 2026-03-31 | Q/Q | Y/Y |
|---|---|---|---|
| SG&A Expense | $25K | — | — |
| Operating Income | -$25K | — | — |
| Net Income | -$25K | — | — |
| Line Item | 2026-03-31 | Q/Q | Y/Y |
|---|---|---|---|
| Current Assets | $25K | — | — |
| Total Assets | $368K | — | — |
| Current Liabilities | $368K | — | — |
| Total Liabilities | $368K | — | — |
| Stockholders' Equity | $287 | — | — |
Business Overview
Collective Acquisition Corp. II is a blank check company incorporated on February 9, 2026, for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, or similar business combination with one or more target businesses. As of March 31, 2026, the Company had not selected any specific Business Combination target and had not commenced any operations. The Company completed its Initial Public Offering on April 30, 2026, raising gross proceeds of $220,000,000 from the sale of 22,000,000 units at $10.00 per unit, with an additional $4,670,000 raised from the private placement of warrants.
Forward Guidance
The Company "must be with one or more target businesses that together have a fair market value equal to at least 80% of the net balance in the Trust Account" and must "own or acquire 50% or more of the outstanding voting securities of the target or otherwise acquire a controlling interest." The Company has "only the duration of the Completion Window to complete the initial Business Combination" and if unable to do so "will as promptly as reasonably possible but not more than ten business days thereafter, redeem the Public Shares." Management noted "There is no assurance that the Company will be able to successfully effect a Business Combination" and that "the Company will not generate any operating revenues until after the completion of its initial Business Combination, at the earliest."
Key Risk Factors
The Company faces substantial doubt about its ability to continue as a going concern if it fails to complete a Business Combination within the 18-month Completion Window. There is no assurance the Company will successfully identify and complete a Business Combination within the required timeframe. The Sponsor's indemnification obligations may be insufficient, as the Company has not verified the Sponsor has adequate funds to satisfy potential third-party claims that could reduce Trust Account assets. Additionally, public shareholders face redemption risks and potential loss of their investment if the Business Combination is not consummated and the Trust Account is liquidated.