Collective Acquisition Corp. II filed its quarterly report on Form 10-Q with the SEC on August 13, 2026, covering the quarter ended June 30, 2026, the company's first full reporting period since its inception on February 9, 2026.

Key Highlights

  • Trust Account Balance: Marketable securities held in the Trust Account totaled $255,646,272 as of June 30, 2026, according to the filing.
  • Net Income: The company reported net income of $1,010,992 for the three months ended June 30, 2026, driven by $1,381,272 of interest earned on Trust Account securities.
  • Shares Outstanding: As of August 13, 2026, there were 25,489,750 Class A ordinary shares and 8,433,333 Class B ordinary shares issued and outstanding.
  • Redemption Value: 25,300,000 Class A ordinary shares were subject to possible redemption at $10.10 per share as of June 30, 2026.
  • Over-Allotment Exercised: On June 12, 2026, underwriters closed the over-allotment option in full, resulting in 1,100,000 Founder Shares no longer subject to forfeiture by the Sponsor.
  • Shareholders' Deficit: Total shareholders' deficit stood at $(6,775,752) as of June 30, 2026, reflecting accumulated deficit of $(6,776,614).

Collective Acquisition Corp. II Reports First Quarter Results Following June 2026 IPO

Collective Acquisition Corp. II (NASDAQ:CAII), a blank check company incorporated in the Cayman Islands, disclosed its financial results for the quarter ended June 30, 2026. According to the filing, total assets were $256,707,755, with the dominant component being $255,646,272 in marketable securities held in a Trust Account. Cash on hand was reported at $806,870, and prepaid expenses and insurance totaled $202,913.

The company reported general and administrative costs of $370,280 for the three months ended June 30, 2026, and $394,993 for the period from inception through June 30, 2026. Interest earned on marketable securities held in the Trust Account of $1,381,272 more than offset those costs, producing net income of $1,010,992 for the quarter and $986,279 for the inception-to-date period, according to the filing. Basic and diluted net income per share for Class A ordinary shares was $0.04 for the three-month period.

The filing also disclosed that total liabilities were $7,837,235, which included a deferred underwriting fee of $7,590,000 and accrued expenses of $172,235. The company noted it is classified as a shell company, a smaller reporting company, and an emerging growth company. Net cash used in operating activities for the period from inception through June 30, 2026, was $(434,066), with the Trust Account interest representing the primary non-cash reconciling item.

What Was Disclosed

The filing covers Collective Acquisition Corp. II's first operating quarter, reporting a Trust Account balance of $255,646,272, net income of $1,010,992 for Q2 2026, a shareholders' deficit of $(6,775,752), and the full exercise of the underwriters' over-allotment option on June 12, 2026.