STOCK TITAN

Southern Cross Acquisition II sponsor holds about 25.53%

A partial exercise of the underwriter’s over-allotment option was followed by the forfeiture of 324,123 founder shares without consideration.

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Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Southern Cross Acquisition II Corp. (SCAT) is the issuer whose 2,701,677 ordinary shares are reported as beneficially owned by Southern Cross Acquisition II Sponsor Corp. and Peizhong Yu, the Sponsor’s sole shareholder and director; the position represents approximately 25.53% of the class. The percentage is based on 10,581,492 ordinary shares outstanding as of November 4, 2026. The Sponsor is the record holder, and Yu is deemed to have voting and dispositive rights over the securities.

The reported position comprises 2,495,877 founder shares and 205,800 ordinary shares underlying private placement units. On November 2, 2026, 324,123 founder shares were forfeited without consideration after the underwriter partially exercised its over-allotment option. Depending on prevailing market, economic and other conditions, the Reporting Persons may from time to time acquire additional ordinary shares.

Filing Explained

This amendment reports no current plans for a merger, asset sale, or material change to the company’s board, management, capitalization or business; the reporting persons reserve the ability to formulate plans later.

Beneficially owned ordinary shares 2,701,677 shares The Sponsor and Peizhong Yu report the same position; the Sponsor is the record holder.
Ownership percentage approximately 25.53% Based on ordinary shares outstanding as of November 4, 2026.
Ordinary shares outstanding 10,581,492 shares As of November 4, 2026.
Founder shares forfeited 324,123 shares Forfeited without consideration on November 2, 2026, following the underwriter’s partial exercise of its over-allotment option.
Private placement units acquired 205,800 units Acquired by the Sponsor alongside the issuer’s initial public offering on August 27, 2026.
Warrant exercise price $11.50 per ordinary share Exercise price for each warrant included in a private placement unit.
Founder shares issued 2,875,000 ordinary shares Issued to the Sponsor on May 26, 2026, for an aggregate purchase price of $25,000.
beneficial ownership financial
"beneficially own 2,701,677 ordinary shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
founder shares financial
"issued 2,875,000 ordinary shares as founder shares"
Founder shares are the ownership stakes given to the people who start a company, often with extra voting power or protections compared with ordinary shares. For investors, they matter because founders’ control and incentives influence decisions about strategy, hiring, and whether the company sells or stays independent — like a family that keeps majority voting rights in a household decision. High founder ownership can mean stable leadership but also a risk that outside shareholders have less influence.
private placement units financial
"205,800 private placement units"
over-allotment option financial
"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.
warrant financial
"one warrant exercisable for one ordinary share"
A warrant is a time-limited financial contract that gives its holder the right to buy a company's shares at a set price before a specified date, like a coupon that lets you purchase stock at a fixed discount for a limited time. It matters to investors because warrants offer leveraged exposure to a stock’s upside and can dilute existing shareholders if exercised, so they affect potential gains and the company’s outstanding share count.
right financial
"one right to receive one-fourth (1/4) of one ordinary share"

FAQ

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

How many SCAT shares do the Sponsor and Peizhong Yu report owning?

Southern Cross Acquisition II Sponsor Corp. and Peizhong Yu each report beneficial ownership of the same 2,701,677 ordinary shares, approximately 25.53% of the class. The percentage is based on 10,581,492 ordinary shares outstanding as of November 4, 2026. The Sponsor is the record holder, and Yu is deemed to have voting and dispositive rights over the securities.

How many SCAT founder shares were forfeited?

The Sponsor forfeited 324,123 founder shares without consideration on November 2, 2026, following the underwriter’s partial exercise of its over-allotment option.

What did each SCAT private placement unit include?

Each private placement unit included one ordinary share, one warrant exercisable for one ordinary share at an exercise price of $11.50, and one right to receive one-fourth (1/4) of one ordinary share.

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

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G82941108

(CUSIP Number)
PEIZHONG YU
PO BOX 309, UGLAND HOUSE, GRAND CAYMAN
GEORGE TOWN, E9, 00000
852 92859999

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
11/02/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
(1) Includes (i) 2,495,877 ordinary shares, par value $0.0001 per share (the "ordinary shares"), of Southern Cross Acquisition II Corp. (the "Issuer") acquired by Southern Cross Acquisition II Sponsor Corp. (the "Sponsor") as founder shares prior to the Issuer's initial public offering; and (ii) 205,800 ordinary shares, underlying 205,800 private placement units acquired by the Sponsor in a private placement simultaneously with the consummation of the Issuer's initial public offering. Each private placement unit consists of one ordinary share, one warrant exercisable for one ordinary share at an exercise price of $11.50, and one right to receive one-fourth (1/4) of one ordinary share.


SCHEDULE 13D




Comment for Type of Reporting Person:
(2) The Sponsor is the record holder of the ordinary shares reported herein. Mr. Peizhong Yu is the sole shareholder and a director of the Sponsor, which entitles him to voting, dispositive or investment power over the Sponsor. As such, Mr. Peizhong Yu is deemed to have voting and dispositive rights over the securities of the Issuer held by the Sponsor.


SCHEDULE 13D


Southern Cross Acquisition II Sponsor Corp.
Signature:/s/ Peizhong Yu
Name/Title:Peizhong Yu/Director
Date:11/04/2026
Yu Peizhong
Signature:/s/ Peizhong Yu
Name/Title:Peizhong Yu
Date:11/04/2026

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