Southern Cross II director holds 10,000 shares
Southern Cross Acquisition II Corp. (SCATU) reported the initial equity holdings of director Hongmei Zhao in a Form 3.
Rhea-AI Filing Summary
Southern Cross Acquisition II Corp. (SCATU) reported the initial equity holdings of director Hongmei Zhao in a Form 3. Zhao directly owns 10,000 ordinary shares of Southern Cross Acquisition II Corp., which were transferred on or around August 25, 2026 from Southern Cross Acquisition II Sponsor Corp.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Zhao Hongmei
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary Shares F1 | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 10,000 shares (Direct)
Footnotes (1)
- F1. On or around August 25, 2026, Southern Cross Acquisition II Sponsor Corp. transferred 10,000 ordinary shares of Southern Cross Acquisition II Corp. (the "Issuer") to Hongmei Zhao. As a result, Hongmei Zhao directly owns 10,000 ordinary shares of the Issuer.
Key Figures
Ordinary shares directly owned: 10,000 shares
Transfer date: August 25, 2026
Number of holding entries: 1 entry
3 metrics
Ordinary shares directly owned
10,000 shares
Post-transfer holdings of director Hongmei Zhao as reported on Form 3
Transfer date
August 25, 2026
Date on or around which the sponsor transferred 10,000 shares to Hongmei Zhao
Number of holding entries
1 entry
Single reported holding of ordinary shares (no derivative positions listed)
Key Terms
Form 3, ordinary shares, beneficial ownership
3 terms
Form 3 regulatory
"reported the initial equity holdings of director Hongmei Zhao in a Form 3"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
beneficial ownership financial
"reflecting Zhao’s initial beneficial ownership position as an insider"
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.
FAQ
What insider ownership did the Form 3 report for SCATU?
The Form 3 reports that director Hongmei Zhao directly owns 10,000 ordinary shares of Southern Cross Acquisition II Corp., reflecting Zhao’s initial beneficial ownership position as an insider.
Who is the reporting person in Southern Cross Acquisition II Corp. (SCATU)'s Form 3?
The reporting person is Hongmei Zhao, who is identified as a director of Southern Cross Acquisition II Corp. and not as an officer or ten percent owner.
Does the Form 3 for SCATU show any open market buys or sells by Hongmei Zhao?
No market buy or sell transactions are reported. The Form 3 reflects a holding entry of 10,000 ordinary shares, acquired via transfer from Southern Cross Acquisition II Sponsor Corp.
AI-generated analysis. How Rhea-AI works. Not financial advice.
