Southern Cross II sponsor forfeits 324K shares

The Sponsor retained 2,701,677 ordinary shares after the forfeiture, including shares acquired before the IPO and shares underlying private units.

Available on EDGAR 11/04/2026 - 08:47 PM EST Accepted by SEC EDGAR 11/04/2026 - 08:46 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Southern Cross Acquisition II Corp. had 324,123 ordinary shares held by Southern Cross Acquisition II Sponsor Corp. forfeited without consideration on November 2, 2026, following the underwriter’s partial exercise of its over-allotment option. The Sponsor held 2,701,677 ordinary shares after the transaction. Yu Peizhong, the Sponsor’s sole member and director, is deemed to have voting and dispositive rights over the issuer shares held by the Sponsor.

Insider Trade Summary

Other: 324,123 shares

Other 1 txn

Insider Southern Cross Acquisition II Sponsor Corp., Yu Peizhong

Role 10% Owner | 10% Owner

Type	Security	Shares	Price	Value
Other	Ordinary Shares F3, F1, F2	324,123	$0.00	$0.00

Holdings After Transaction: Ordinary Shares — 2,701,677 shares (Direct)

Holdings Before and After: Ordinary Shares, 3,025,800 to 2,701,677 shares (Direct)

Footnotes (3)

1. F1. Southern Cross Acquisition II Sponsor Corp., a Cayman Islands exempted company (the "Sponsor"), is the record holder of the securities reported herein. Peizhong Yu is the sole member and director of the Sponsor, which entitles him to voting, dispositive or investment power over the Sponsor. As such, Peizhong Yu is deemed to have voting and dispositive rights over the securities of Southern Cross Acquisition II Corp. (the "Issuer") held by the Sponsor.
2. F2. Including (i) 2,495,877 ordinary shares of the Issuer acquired by the Sponsor prior to the IPO, and (ii) 205,800 ordinary shares underlying the private units (the "Private Units") of the Issuer acquired by the Sponsor in a private placement simultaneously with the consummation of the initial public offering of the Issuer. Each Private Unit consists of one ordinary share, one redeemable warrant, and one right to receive one-fourth (1/4) of one ordinary share.
3. F3. On November 2, 2026, 324,123 ordinary shares of the Issuer held by the Sponsor were forfeited without consideration following the underwriter's partial exercise of its over-allotment option.

Key Figures

Ordinary shares forfeited: 324,123 shares Sponsor ordinary shares after transaction: 2,701,677 shares Ordinary shares acquired before the IPO: 2,495,877 shares +1 more

4 metrics

Ordinary shares forfeited 324,123 shares November 2, 2026

Sponsor ordinary shares after transaction 2,701,677 shares Following the forfeiture

Ordinary shares acquired before the IPO 2,495,877 shares Held by the Sponsor

Ordinary shares underlying private units 205,800 shares Held by the Sponsor

Key Terms

over-allotment option, Private Units, redeemable warrant

3 terms

over-allotment option financial

"following the underwriter's partial exercise of its over-allotment option"

An over-allotment option is a special agreement that allows underwriters to sell more shares than initially planned if demand is high. Think of it like a retailer offering extra units of a popular product to meet additional customer interest. This option helps ensure the full sale is completed and can also give investors extra shares if they want more.

Private Units financial

"the private units (the "Private Units")"

redeemable warrant financial

"one redeemable warrant"

A redeemable warrant is a financial tool that gives its holder the right to buy shares of a company at a fixed price within a certain period. If the holder chooses to do so, the company can buy back or cancel the warrant before it expires, often to encourage investment or manage share issuance. For investors, it provides an option to potentially buy shares at a favorable price while offering some flexibility for the issuing company.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many SCAT shares were forfeited?

Southern Cross Acquisition II Sponsor Corp. forfeited 324,123 ordinary shares on November 2, 2026, without consideration, following the underwriter’s partial exercise of its over-allotment option.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Southern Cross Acquisition II Sponsor Corp.

(Last) (First) (Middle)

1412 BROADWAY, 21ST FLOOR SUITE 21V

(Street)

NEW YORK NEW YORK 10018

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Southern Cross Acquisition II Corp. [ SCAT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/02/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Ordinary Shares	11/02/2026		J		324,123(3)	D	$0	2,701,677(1)(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

Southern Cross Acquisition II Sponsor Corp.

(Last) (First) (Middle)

1412 BROADWAY, 21ST FLOOR SUITE 21V

(Street)

NEW YORK NEW YORK 10018

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Yu Peizhong

(Last) (First) (Middle)

C/O SOUTHERN CROSS ACQUISITION II CORP.

1412 BROADWAY, 21ST FLOOR, SUITE 21V

(Street)

NEW YORK NEW YORK 10018

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. Southern Cross Acquisition II Sponsor Corp., a Cayman Islands exempted company (the "Sponsor"), is the record holder of the securities reported herein. Peizhong Yu is the sole member and director of the Sponsor, which entitles him to voting, dispositive or investment power over the Sponsor. As such, Peizhong Yu is deemed to have voting and dispositive rights over the securities of Southern Cross Acquisition II Corp. (the "Issuer") held by the Sponsor.

2. Including (i) 2,495,877 ordinary shares of the Issuer acquired by the Sponsor prior to the IPO, and (ii) 205,800 ordinary shares underlying the private units (the "Private Units") of the Issuer acquired by the Sponsor in a private placement simultaneously with the consummation of the initial public offering of the Issuer. Each Private Unit consists of one ordinary share, one redeemable warrant, and one right to receive one-fourth (1/4) of one ordinary share.

3. On November 2, 2026, 324,123 ordinary shares of the Issuer held by the Sponsor were forfeited without consideration following the underwriter's partial exercise of its over-allotment option.

	/s/ Peizhong Yu as Director of Southern Cross Acquisition II Sponsor Corp.	11/04/2026
	/s/ Peizhong Yu	11/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)