Southern Cross Acquisition II (SCAT) will allow holders to separate their IPO units into independently traded securities beginning October 8, 2026.
Holders of 7,652,630 units sold in the initial public offering may elect to separate the ordinary shares, warrants and rights. Separated securities will trade on the Nasdaq Capital Market under SCAT, SCATW and SCATR, respectively. Units that are not separated will continue trading under SCATU.
Southern Cross Acquisition II Corp. (NASDAQ: SCATU) closed its initial public offering of 7,652,630 units at $10.00 per unit on August 27, 2026, including the underwriters’ partial over-allotment of 152,630 units, for gross proceeds of $76,526,300 before underwriting discounts and expenses. The units began trading on the Nasdaq Capital Market on August 26, 2026 under the symbol “SCATU”.
Each unit comprises one ordinary share, one redeemable warrant and one right to receive one-fourth of an ordinary share upon completion of an initial business combination. Each warrant allows the purchase of one ordinary share at $11.50. The shares, warrants and rights are expected to trade separately on Nasdaq under “SCAT”, “SCATW” and “SCATR”, respectively. Concurrently, the company completed a private placement of 224,932 units at $10.00 per unit, raising an additional $2,249,320. Approximately $76,717,616, or $10.025 per public unit, was placed in a trust account from the combined net proceeds.
Southern Cross Acquisition II Corp (NASDAQ:SCATU) has priced its initial public offering of 7,500,000 units at $10.00 per unit, representing gross proceeds of $75 million. The units are expected to begin trading on the Nasdaq Capital Market under the symbol “SCATU” on August 26, 2026.
Each unit consists of one ordinary share, one redeemable warrant and one right to receive one-fourth of one ordinary share upon completion of an initial business combination. Each whole warrant will allow the purchase of one ordinary share at $11.50 per share. Once separately trading, the ordinary shares, warrants and rights are expected to trade under “SCAT”, “SCATW” and “SCATR”, respectively. D. Boral Capital is sole book‑running manager, and underwriters have a 45‑day option to buy up to 1,125,000 additional units. The offering is expected to close on August 27, 2026, subject to customary conditions.