Collective Acquisition Prices 22 Mln Units IPO At $10/unit
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Collective Acquisition Corp. II has priced its IPO at $10 per unit for 22 million units, set to trade on Nasdaq under the ticker CAIIU. Each unit consists of one Class A ordinary share and half a redeemable warrant, with whole warrants exercisable at $11.50 per share. The offering is expected to close on April 30, with underwriters granted a 45-day option for an additional 3.3 million units. The company aims to focus on sectors related to U.S. sovereignty and security. Clear Street LLC is the sole book-running manager for the offering.
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