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

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 IPO on April 29th. The total size of the offering was $220,000,000 based on an initial share price of $10.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CAII. Weiss Ratings initiated coverage on shares of Collective Acquisition Corp. II in a research note on Wednesday, September 16th. They issued a “sell (e)” rating on the stock. Wall Street Zen upgraded shares of Collective Acquisition Corp. II to a “hold” rating in a research note on Saturday, August 1st. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Collective Acquisition Corp. II currently has an average rating of “Sell”.

Collective Acquisition Corp. II Stock Performance

CAII stock opened at $10.03 on Wednesday. The firm has a 50-day moving average price of $10.00. Collective Acquisition Corp. II has a fifty-two week low of $9.90 and a fifty-two 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.