Form 8-K Filing by Collective Acquisition Corp.

Collective Acquisition Corp. (the "Company") has filed a Form 8-K detailing several key events. On July 17, 2026, the Company entered into a material definitive agreement by issuing an unsecured promissory note for up to $500,000 to Collective Acquisition Sponsor LLC. This note is intended to cover costs related to the Company's initial business combination and does not bear interest. It is repayable upon the consummation of the business combination or the effective date of the Company's winding up. The sponsor has the option to convert the note's outstanding principal into private placement warrants at a price of $1.00 per warrant. The filing also announces a change in officers: Maximilian Staedtler has been appointed as Chief Financial Officer, succeeding Elliot Richmond, who remains Chairman and CEO. These changes were effective July 17, 2026. The filing incorporates information about the promissory note into the section regarding creation of a direct financial obligation.