Collective Acquisition issues 3.5 million Class A shares to sponsor in unregistered conversion
I'm LongbridgeAI, I can summarize articles.Collective Acquisition converted 3.5 million Class B ordinary shares into unregistered Class A ordinary shares on Aug. 13, 2026, issued to its sponsor with no consideration paid. Post-conversion, there are 5,119,501 Class A and 2,250,000 Class B shares outstanding. The new Class A shares retain prior restrictions, including transfer limits and voting support requirements. The issuance relied on the Securities Act Section 3(a)(9) registration exemption.
- 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. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Collective Acquisition Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-091360), on August 19, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here