Collective Acquisition Corp. II’s Lock-Up Period Will End on October 26th (NASDAQ:CAII)

Collective Acquisition Corp. II’s (NASDAQ:CAII) lock-up period will end on Monday, October 26th. Collective Acquisition Corp. II had issued 22,000,000 shares in its initial public offering on April 29th. The total size of the offering was $220,000,000 based on an initial share price of $10.00. After the end of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Wall Street Analysts Forecast Growth

CAII has been the topic of several recent analyst reports. Wall Street Zen raised Collective Acquisition Corp. II to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings began coverage on Collective Acquisition Corp. II in a research report on Wednesday, September 16th. They set a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Collective Acquisition Corp. II Stock Up 0.2%

Shares of Collective Acquisition Corp. II stock opened at $10.03 on Friday. The company’s 50 day simple moving average is $10.00. Collective Acquisition Corp. II has a 52 week low of $9.90 and a 52 week high of $10.02.

Collective Acquisition Corp. II Company Profile

Collective Acquisition Corp. II is a special purpose acquisition company (SPAC) listed on the Nasdaq Capital Market under the symbol CAII. The company was formed to identify and complete a business combination, such as a merger, acquisition, stock purchase or similar transaction, with one or more operating businesses.

Unlike an operating company, Collective Acquisition Corp. II does not currently manufacture products or provide commercial services. Its activities are focused on evaluating potential acquisition targets and pursuing a transaction that would allow a private company to become publicly traded.

Publicly available information about the company’s target industry, geographic focus, completed transactions and operating leadership is limited.