Advising Collective Acquisition Corp. II on US$220 million SPAC IPO and Nasdaq debut

Our corporate team has acted as Cayman Islands legal counsel to Collective Acquisition Corp. II, a special purpose acquisition company, on the successful closing of its US$220 million initial public offering and listing on Nasdaq.

Collective Acquisition Corp. II issued 22,000,000 units at a price of US$10.00 per unit. The units trade on the Nasdaq Global Market under the ticker symbol CAIIU. Each unit consists of one Class A ordinary share and one half of a redeemable warrant, with each whole warrant entitling the holder to purchase one Class A ordinary share at an exercise price of US$11.50. The offering closed on 30 April 2026, generating gross proceeds of US$220 million.

'This transaction further demonstrates Walkers’ market leading expertise in advising on Cayman Islands SPAC IPOs and US listings,' said partner, Michael Beck.

The offering was led by Clear Street LLC as sole book running manager. Reed Smith LLP acted as US legal counsel to the issuer.

The Walkers team was led by partners Michael Beck and Andrew Barker, supported by associates Samantha Currie and Chantal Martin.