Southern Cross II CEO reports 15,000 shares
Southern Cross Acquisition II Corp. (SCATU) filed an initial ownership report for its Chief Executive Officer and director, Ally Tong Zhang.
Rhea-AI Filing Summary
Southern Cross Acquisition II Corp. (SCATU) filed an initial ownership report for its Chief Executive Officer and director, Ally Tong Zhang. A sponsor entity transferred 15,000 Ordinary Shares of Southern Cross Acquisition II Corp. to Ally Tong Zhang on or around August 25, 2026, and Zhang now directly owns these 15,000 Ordinary Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Zhang Ally Tong
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary Shares F1 | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 15,000 shares (Direct)
Footnotes (1)
- F1. On or around August 25, 2026, Southern Cross Acquisition II Sponsor Corp. transferred 15,000 ordinary shares of Southern Cross Acquisition II Corp. (the "Issuer") to Ally Tong Zhang. As a result, Ally Tong Zhang directly owns 15,000 ordinary shares of the Issuer.
Key Figures
Ordinary Shares directly owned: 15,000 shares
Transfer date: On or around August 25, 2026
Insider roles: Director; Chief Executive Officer
3 metrics
Ordinary Shares directly owned
15,000 shares
Direct ownership by Ally Tong Zhang after sponsor transfer
Transfer date
On or around August 25, 2026
Date the sponsor transferred 15,000 Ordinary Shares to Ally Tong Zhang
Insider roles
Director; Chief Executive Officer
Positions held by Ally Tong Zhang at Southern Cross Acquisition II Corp.
Key Terms
Ordinary Shares, Chief Executive Officer, Form 3
3 terms
Chief Executive Officer other
"Ally Tong Zhang is reported as both a director and the Chief Executive Officer"
A chief executive officer (CEO) is the top leader of a company, responsible for making major decisions, setting goals, and guiding the organization’s overall direction. Think of the CEO as the captain of a ship, steering it toward success. Investors pay close attention to the CEO because their leadership and strategy can significantly influence the company's performance and future growth.
Form 3 regulatory
"filed an initial ownership report for its Chief Executive Officer on 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.
FAQ
What insider ownership was reported for SCATU’s CEO Ally Tong Zhang on this Form 3?
The filing reports that Ally Tong Zhang directly owns 15,000 Ordinary Shares of Southern Cross Acquisition II Corp., received via a transfer from Southern Cross Acquisition II Sponsor Corp. on or around August 25, 2026.
Does the Form 3 for SCATU indicate any recent buy or sell transactions by Ally Tong Zhang?
No specific buy or sell transaction is identified. The Form 3 reports direct ownership of 15,000 Ordinary Shares following a transfer from the sponsor, without characterizing it as a market purchase or sale.
What is Ally Tong Zhang’s role at Southern Cross Acquisition II Corp. (SCATU)?
Ally Tong Zhang is reported as both a director and the Chief Executive Officer of Southern Cross Acquisition II Corp. on this Form 3.
AI-generated analysis. How Rhea-AI works. Not financial advice.