Collective Acquisition issues 3.5 million Class A shares to sponsor in unregistered conversion
Reuters2026/08/19 10:04- Collective Acquisition converted 3,500,000 Class B Ordinary Shares into 3,500,000 unregistered Class A Ordinary Shares on Aug. 13, 2026.
- Shares issued to sponsor Collective Acquisition Sponsor LLC with no consideration paid.
- Post-conversion share count: 5,119,501 Class A Ordinary Shares outstanding; 2,250,000 Class B Ordinary Shares outstanding.
- New Class A shares carry prior Class B restrictions, including transfer limits, redemption waivers, voting support for a business combination.
- Issuance relied on Securities Act Section 3(a)(9) registration exemption.
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