{"url_path":"/sec/ccaq/8-k/2026-07-20/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into a Material Definitive Agreement.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-20","source_url":"https://www.sec.gov/Archives/edgar/data/2041047/0001213900-26-079700-index.html","accession_number":"0001213900-26-079700","cik":"0002041047","ticker":"CCAQ","issuer_name":"COLLECTIVE ACQUISITION CORP.","edgar_url":"https://www.sec.gov/Archives/edgar/data/2041047/0001213900-26-079700-index.html","primary_entity_key":"0002041047","primary_entity_name":"COLLECTIVE ACQUISITION CORP."},"word_count":316,"has_tables":true,"body_markdown":"**Item 1.01. Entry into a Material Definitive Agreement.**\n\n \n\nOn July 17, 2026, Collective Acquisition Corp.,\na Cayman Islands exempted company (the “**Company**”), issued an unsecured promissory note (the “**Note**”)\nin the principal amount of up to $500,000 to Collective Acquisition Sponsor LLC (the “**New Sponsor**”). The Note may be\ndrawn down from time to time for costs and expenses reasonably related to the Company’s initial business combination (the “**Business\nCombination**”). The Note does not bear interest and the principal balance will be payable on the earlier of: (i) the date on\nwhich the Company consummates its Business Combination and (ii) the date that the winding up of the Company is effective (such earlier\ndate, the “**Maturity Date**”). In the event that the Company does not consummate a Business Combination, the Note will\nbe repaid only from amounts remaining outside of the trust account established in connection with the Company’s initial public offering\n(the “**Trust Account**”), if any. At any time prior to the Maturity Date, the New Sponsor has the right (but not the obligation)\nto convert all or any portion of the outstanding principal amount of the Note into private placement warrants of the Company, at a conversion\nprice of $1.00 per warrant. The Note is subject to customary events of default, the occurrence of certain of which automatically triggers\nthe unpaid principal balance of the Note and all other sums payable with regard to the Note becoming immediately due and payable.\n\n \n\nThe issuance of the Note was made pursuant to\nthe exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.\n\n \n\nThe foregoing description of the Note does not\npurport to be complete and is qualified in its entirety by reference to the full text of the Note, a copy of which is filed as Exhibit\n10.1 to this Current Report on Form 8-K (and incorporated herein by reference)."}