# COLLECTIVE ACQUISITION CORP. (IPODW) — capital_raise/private_placement [completed]
Source: SEC API (secapi.ai) · situation sit_7792b114394e014ad25c · retrieved 2026-08-11T16:13:07.362Z

## Overview
Collective Acquisition Corp. is a Cayman Islands exempted company and blank-check acquisition vehicle seeking to consummate an initial business combination.

On July 17, 2026, Collective Acquisition Corp. issued an unsecured promissory note with a principal amount of up to $500,000 to Collective Acquisition Sponsor LLC. The note may be drawn down for costs and expenses related to the company's initial business combination. The note bears no interest and is payable on the earlier of the business combination closing date or the company's winding up. The sponsor has the right (but not the obligation) to convert all or any portion of the outstanding principal into private placement warrants at a conversion price of $1.00 per warrant.

## Terms
- Counterparty: Collective Acquisition Sponsor LLC · Deal value: $500,000 · Price/share: $1

## Key dates
- Completed 2026-07-17

## Timeline
- 2026-07-20 · 8-K (0001213900-26-079700): 8-K - COLLECTIVE ACQUISITION CORP. — *Collective Acquisition Corp. is a Cayman Islands exempted company and blank-check acquisition vehicle seeking to consummate an initial business combination.* On July 17, 2026, Collective Acquisition Corp. issued an unsecured promissory note with a principal amount of up to $500,000 to Collective Acquisition Sponsor LLC. The note may be drawn down for costs and expenses related to the company's initial business combination. The note bears no interest and is payable on the earlier of the business combination closing date or the company's winding up. The sponsor has the right (but not the obligation) to convert all or any portion of the outstanding principal into private placement warrants at a conversion price of $1.00 per warrant.
  https://www.sec.gov/Archives/edgar/data/2041047/0001213900-26-079700.txt

## Citations
- 0001213900-26-079700 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026079700