The company has officially changed its name from Dune Acquisition Corporation II to Collective Acquisition Corp. A complete turnover of the board of directors occurred on April 6, 2026, with the resignation of five directors and the appointment of Elliot Richmond as Chairman, alongside two new independent directors. Shareholders approved the name change at an extraordinary general meeting held on April 21, 2026, with 17,347,982 votes in favor. The company remains a special purpose acquisition company (SPAC) with a 15-month window from its IPO to consummate a business combination.