Collective Acquisition Corp. shareholders approved an amendment to extend the deadline for consummating an initial business combination from August 8, 2026, to August 8, 2027. In connection with this vote, holders of 12,863,312 Class A ordinary shares exercised redemption rights, resulting in a payout of approximately $135.2 million ($10.51 per share). Consequently, an estimated $15.9 million remains in the trust account. The company operates as a blank check company focused on identifying and merging with private operating businesses.