Collective Acquisition Corp. II Stock Sits Below $10 — The SPAC Test Investors Can’t Ignore
Collective Acquisition Corp. II units traded at $9.975, just below their $10 IPO price, in late Nasdaq trading Monday, according to StockLight. The SPAC raised $220 million in April and is seeking a merger target, with a focus on U.S.-aligned sectors including AI and defense. The market is seeing heightened activity in AI-related IPOs, with Anthropic reportedly filing confidentially and SpaceX and OpenAI also in focus.