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.
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.