Collective Acquisition Corp II-A 2026 Quarterly Report

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☒No☐ As of June 11, 2026, there were 22,165,000 Class A ordinary shares, $0.0001 par value and 8,433,333 Class B ordinary shares,$0.0001 par value, issued and outstanding. TABLE OF CONTENTS PART I - FINANCIAL INFORMATION COLLECTIVE ACQUISITION CORP. IICONDENSED BALANCE SHEET COLLECTIVE ACQUISITION CORP. IICONDENSED STATEMENT OF OPERATIONS Basic and diluted net loss per share, Class B ordinary shares The accompanying notes are an integral part of the unaudited condensed financial statements. Noncash investing and financing activities: COLLECTIVE ACQUISITION CORP. IINOTES TO CONDENSED FINANCIAL STATEMENTSMARCH 31, 2026 Note1 —Organization and Business Operations Collective Acquisition Corp. II (the “Company”) is a blank check company incorporated as a Cayman Islands exempted company onFebruary 9, 2026. The Company was incorporated for the purpose of effecting a merger, amalgamation, share exchange, assetacquisition,share purchase,reorganization or similar Business Combination with one or more businesses(the“BusinessCombination”). As of March 31, 2026, the Company has not selected any specific Business Combination target and the Company has As of March 31, 2026, the Company had not commenced any operations. All activity for the period from February 9, 2026 (inception)through March 31, 2026 relates to the Company’s formation, the Initial Public Offering (as defined below), and subsequent to theInitial Public Offering, identifying a target company for a Business Combination. The Company will not generate any operatingrevenues until after the completion of its initial Business Combination, at the earliest. The Company will generate non-operating The Company’s sponsor is Collective Acquisition Sponsor II LLC (the “Sponsor”). The registration statement for the Company’sInitial Public Offering was declared effective on April 28, 2026. On April 30, 2026, the Company consummated the initial publicoffering (the “Initial Public Offering”) of 22,000,000 units (the “Units” and, with respect to the Class A ordinary shares included in theUnits offered, the “Public Shares”) at $10.00 per Unit, generating gross proceeds of $220,000,000. Each Unit consists of one Class AOrdinary Share, par value $0.0001 per share, and one-half of one redeemable warrant (the “Public Warrants”). Each whole Public Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of 5,837,500 private placementwarrants (the “Private Placement Warrants”) at a price of $0.80 per Private Placement Warrant, in a private placement to theCompany’s Sponsor, generating gross proceeds of $4,670,000. Each whole Private Placement Warrant entitles the holder thereof to Transaction costs amounted to $10,530,159, consisting of $1,650,000 of cash underwriting fees, $6,600,000 of deferred underwritingfees, and $2,280,159 of other offering costs. The Business Combination must be with one or more target businesses that together have a fair market value equal to at least 80% ofthe net balance in the Trust Account (as defined below) (excluding taxes payable on the income earned on the Trust Account) at thetime of the signing of an agreement to enter into a Business Combination. However, the Company will only complete a BusinessCombination if the post-Business Combination company owns or acquires 50% or more of the outstanding voting securities of the Following the closing of the Initial Public Offering on April 30, 2026, an amount of $221,100,000 ($10.05 per Unit) from the netproceeds of the sale of the Units, and a portion of the proceeds of the sale of the Private Placement Warrants, were placed in a U.S.-based trust account (the “Trust Account”), with Efficiency, Inc. acting as trustee. The funds may only be invested in U.S.governmenttreasury obligations with a maturity of 185days or less or in money market funds meeting certain conditions under Rule2a-7 underthe Investment Company Act, which invest only in direct U.S.government treasury obligations; the holding of these assets in this formis intended to be temporary and for the sole purpose