Collective Acquisition issues up to $500,000 promissory note to sponsor
CCAQ•Conversion feature
The sponsor can convert outstanding principal into private placement warrants at USD 1 per warrant before maturity.
Promissory note issued to sponsor
Collective Acquisition Corp. issued an unsecured promissory note of up to USD 500,000 to Collective Acquisition Sponsor on July 17, 2026.
Use of proceeds and repayment terms
Drawdowns can fund costs tied to its initial business combination; the note carries no interest.
Principal is due at the earlier of business-combination closing or company winding up; repayment is limited to funds outside the trust account if no deal closes.
