Collective Acquisition Corp. II’s (NASDAQ:CAII – Get Free Report) lock-up period is set to expire 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, company insiders and major shareholders will be able to sell their shares of the company.
Analysts Set New Price Targets
A number of analysts have recently commented on CAII shares. Wall Street Zen raised Collective Acquisition Corp. II to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings started coverage on Collective Acquisition Corp. II in a research note on Wednesday, September 16th. They issued a “sell (e)” rating on the stock. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company has an average rating of “Sell”.
View Our Latest Stock Analysis on CAII
Collective Acquisition Corp. II Price Performance
Shares of CAII stock opened at $10.01 on Friday. Collective Acquisition Corp. II has a 1 year low of $9.90 and a 1 year high of $10.02. The company’s fifty day simple moving average is $10.00.
Collective Acquisition Corp. II Company Profile
Collective Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more privately held companies. Its potential transactions may include a merger, acquisition, share exchange, reorganization or similar corporate combination.
As a blank-check company, Collective Acquisition Corp. II does not operate a conventional commercial business and does not currently offer products or services to customers. Its primary activity is evaluating prospective target businesses and pursuing a transaction intended to create a publicly traded operating company.
The company’s focus, geographic reach and future operating activities depend on the business it ultimately selects for a combination.
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