Southern Cross Acquisition I Corp. Announces the Separate Trading of its Ordinary Shares, Warrants and Rights, Commencing on July 31, 2026

Rhea-AI Summary

Southern Cross Acquisition I Corp. (NASDAQ:NCOOU), a blank check company, announced that starting July 31, 2026, holders of the 11,500,000 units sold in its initial public offering may elect to separately trade the underlying ordinary shares, warrants, and rights.

Units that remain bundled will continue trading on the NASDAQ Global Market under the symbol “NCOOU”. The separated securities will trade under “NCO” for ordinary shares, “NCOOW” for warrants, and “NCOOR” for rights. According to Southern Cross Acquisition I Corp., unit holders must have their brokers contact the transfer agent, Continental Stock Transfer & Trust Company, to effect separation. The units were offered in an underwritten IPO, with D. Boral Capital as sole book-running manager, following SEC effectiveness of the Form S-1 registration statement on July 20, 2026.

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NEW YORK CITY, NY / ACCESS Newswire / July 29, 2026 / Southern Cross Acquisition I Corp. (the "Company") (NASDAQ:NCO), a blank check company, today announced that, commencing on July 31, 2026, holders of 11,500,000 units (the "Units") sold in the Company's initial public offering (the "Offering"), may elect to separately trade the ordinary shares, warrants, and rights included in the Units. Any Units not separated will continue to trade on the NASDAQ Global Market ("NASDAQ") under the symbol "NCOOU." Any underlying ordinary shares, warrants, and rights that are separated will trade on the NASDAQ under the symbols "NCO," "NCOOW," and "NCOOR," respectively. Holders of Units will need to have their brokers contact the Company's transfer agent, Continental Stock Transfer & Trust Company, in order to separate the holders' Units into ordinary shares, warrants, and rights.

The Units were initially offered by the Company in an underwritten offering. D. Boral Capital LLC acted as the sole book-running manager for the offering. A registration statement on Form S-1 (File No. 333-296723) relating to these securities was declared effective by the Securities and Exchange Commission (the "SEC") on July 20, 2026. The Offering was made only by means of a prospectus, copies of which may be obtained from D. Boral Capital LLC, 590 Madison Avenue, 39th Floor, New York, NY 10022, by telephone at +1 (212) 970-5150, by email at dbccapitalmarkets@dboralcapital.com, or from the SEC website at www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Southern Cross Acquisition I Corp.

The Company is a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The Company's target search will not be limited to a particular industry or geographic region.

Forward-Looking Statements

This press release contains statements that constitute "forward-looking statements," including with respect to the expected commencement of separate trading of the Company's ordinary shares, warrants and rights. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement, preliminary prospectus and final prospectus for the Company's offering filed with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based, except as required by law.

Contact

Southern Cross Acquisition I Corp.
Ally Tong Zhang
Chief Executive Officer
allyzhang@southerncross.cc

SOURCE: Southern Cross Acquisition I Corp.

View the original press release on ACCESS Newswire

FAQ

When will Southern Cross Acquisition I Corp. (NASDAQ:NCOOU) units begin separate trading?

Separate trading of Southern Cross Acquisition I Corp. units begins on July 31, 2026. According to Southern Cross Acquisition I Corp., from that date, holders may elect to trade ordinary shares, warrants, and rights separately instead of as bundled units on the NASDAQ Global Market.

What are the NASDAQ ticker symbols for Southern Cross Acquisition I Corp. shares, warrants, and rights?

After separation, Southern Cross ordinary shares trade as NCO, warrants as NCOOW, and rights as NCOOR. According to Southern Cross Acquisition I Corp., any units that are not separated will continue trading under the combined unit symbol NCOOU on the NASDAQ Global Market.

How can holders of NCOOU units separate their securities after July 31, 2026?

Holders must instruct their brokers to contact Continental Stock Transfer & Trust Company to separate NCOOU units. According to Southern Cross Acquisition I Corp., the transfer agent will then split each unit into its underlying ordinary shares, warrants, and rights for individual trading on NASDAQ.

How many Southern Cross Acquisition I Corp. units are eligible for separate trading?

A total of 11,500,000 units issued in the IPO are eligible for separation. According to Southern Cross Acquisition I Corp., these units were sold in an underwritten public offering and can be converted into individually tradable ordinary shares, warrants, and rights starting July 31, 2026.

What role did D. Boral Capital play in the Southern Cross (NCOOU) IPO?

D. Boral Capital served as the sole book-running manager for the Southern Cross IPO. According to Southern Cross Acquisition I Corp., the units were offered in an underwritten offering after the SEC declared its Form S-1 registration statement effective on July 20, 2026.

Is the Southern Cross Acquisition I Corp. (NCOOU) announcement an offer to sell securities?

No, the announcement is not an offer to sell or solicit purchases of securities. According to Southern Cross Acquisition I Corp., sales are only permitted where properly registered or qualified, and the offering itself was conducted solely by means of an approved prospectus.