Magnetar Financial LLC and three affiliated reporting persons filed an amended Schedule 13G with the SEC on November 13, 2026, disclosing zero beneficial ownership of Class A ordinary shares in Collective Acquisition Corp. as of September 30, 2026.

Key Highlights

  • Zero beneficial ownership: Each of the four reporting persons - Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC, and David J. Snyderman - reported 0 shares beneficially owned, representing 0% of the class.
  • Shares outstanding reference: According to the filing, there were approximately 5,119,501 Class A ordinary shares outstanding, based on information the issuer provided in an August 19, 2026 filing.
  • Security covered: The filing covers Class A ordinary shares of Collective Acquisition Corp., par value $0.0001 per share, CUSIP G2867S109.
  • Triggering event date: The date of the event requiring this statement was September 30, 2026.
  • Organizational structure disclosed: Magnetar Financial serves as investment adviser to the Magnetar Funds; Magnetar Capital Partners is its sole member and parent; Supernova Management is the general partner of Magnetar Capital Partners; and David J. Snyderman is the administrative manager of Supernova Management.
  • Filing signed: All four reporting persons signed through Hayley Stein, acting as attorney-in-fact for David J. Snyderman, on November 13, 2026.

Magnetar Group Discloses No Remaining Stake in Collective Acquisition Corp.

The amended Schedule 13G, filed November 13, 2026 and covering the event date of September 30, 2026, was submitted jointly by Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC, and David J. Snyderman. According to the filing, each reporting person reported an aggregate beneficial ownership of 0 shares, with 0 sole voting power, 0 shared voting power, 0 sole dispositive power, and 0 shared dispositive power over the Class A ordinary shares of Collective Acquisition Corp. (NASDAQ:CCAQ), a blank-check company incorporated with Class A ordinary shares at a par value of $0.0001 per share.

The filing describes the reporting persons' organizational chain: Magnetar Financial LLC acts as investment adviser to the Magnetar Funds and exercises voting and investment power over shares held in those funds' accounts. Magnetar Capital Partners LP serves as the sole member and parent holding company of Magnetar Financial. Supernova Management LLC is the general partner of Magnetar Capital Partners, and Mr. Snyderman serves as administrative manager of Supernova Management. All four entities share a principal business address at 1603 Orrington Avenue, 13th Floor, Evanston, Illinois 60201. The filing referenced approximately 5,119,501 shares outstanding as derived from information the issuer disclosed on August 19, 2026.

The statement was filed as Amendment No. 1 and indicates ownership of 5 percent or less of the class. The certifications included in the filing state that the securities "were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer." The joint filing was accompanied by a Joint Filing Agreement dated November 13, 2026, and a Power of Attorney originally dated December 22, 2022.

What Was Disclosed

Four affiliated Magnetar entities filed an amended Schedule 13G disclosing zero beneficial ownership of Collective Acquisition Corp. Class A ordinary shares as of September 30, 2026, with no voting or dispositive power reported by any of the four reporting persons.