Collective Acquisition issues 3.5 million Class A shares to sponsor in unregistered conversion
CCAQ•Registration exemption used
The issuance relied on Securities Act Section 3(a)(9) as the registration exemption.
Class B shares converted into Class A shares
Collective Acquisition converted 3,500,000 Class B Ordinary Shares into 3,500,000 unregistered Class A Ordinary Shares on Aug. 13, 2026.
Post-conversion share count and restrictions
After the conversion, the company said it had 5,119,501 Class A Ordinary Shares outstanding and 2,250,000 Class B Ordinary Shares outstanding.
The new Class A shares carry the prior Class B restrictions, including transfer limits, redemption waivers, and voting support for a business combination.
Shares issued to sponsor without consideration
The shares were issued to Collective Acquisition Sponsor LLC with no consideration paid.
