Collective Acquisition Corp. II Stock Sits Below $10 — The SPAC Test Investors Can’t Ignore
Collective Acquisition Corp. II units were sitting just below their $10 IPO price before Tuesday’s regular Nasdaq session, a small discount that leaves the newly listed blank-check company trading more like cash than a bet on a named business. The Nasdaq-listed units, ticker CAIIU, last showed $9.975 at 4:30 p.m. EDT on Monday, according to StockLight. Nasdaq regular trading runs from 9:30 a.m. to 4 p.m. Eastern, with premarket trading beginning at 4 a.m., a window that often has thinner liquidity and wider price moves.