Collective Acquisition Corp. II (CAIIW) Warrant
Each CAIIW warrant gives the holder the right to buy 1 share of Collective Acquisition Corp. II at $11.50 per share, for five years after the company completes its merger. The stock last closed at $10.01, below the strike, so the warrant is out of the money. Collective Acquisition Corp. II has a market value of about $339.57M. Collective Acquisition Corp. II is a SPAC (no deal announced yet). It must complete a deal by October 30, 2027 or the warrants expire worthless. There are 6.54M listed warrants; exercising all of them would add 19.3% to the 33.92M shares outstanding.
CAII vs strike, last 12 months
No share-price history for CAII yet.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- merger + 5 years
- Redemption trigger
- $18.00
- Cashless exercise
- no
- Break-even stock price
- $11.66
From the issuer's S-1/A (2026-04-27).
Company and stock
- Company
- Collective Acquisition Corp. II
- Underlying stock
- CAII
- Share price
- $10.01
- Market cap
- $339.57M
- Shares outstanding
- 33.92M
- Value of all listed warrants
- $1.05M (0.3% of market cap)
Market cap is the last share price times shares outstanding (as of 10-Q 2026-). All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.1600
- Price / model
Get Pro to see whether CAIIW is cheap or rich against our model.
Dilution
- Shares outstanding
- 33.92M
- Listed warrants
- 6.54M
- Dilution if all exercised
- 19.3%
Warrant count from filing text: public warrants.
SPAC deal
- Status
- no deal announced yet
- Target
- —
- Deal announced
- —
- Deadline
- 2027-10-30
- Latest possible deadline
- 2027-10-30
- Trust per share
- $10.10
- Sponsor
- Collective Acquisition Sponsor II LLC
- Sponsor's earlier SPACs
- 0 (0 closed a deal)
- Chance of a deal
A SPAC warrant is worth nothing if no deal closes by the deadline.
Filings and events
Questions about CAIIW
When does the CAIIW warrant expire?
Five years after the SPAC completes its merger; if no merger closes by the deadline, the warrants expire worthless.
What is the strike price of CAIIW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many CAIIW warrants are outstanding?
6.54M listed warrants, equal to 19.3% dilution if all are exercised.