Social Commerce Partners Corp (SCPQ) is identified as the issuer in Picton Mahoney Asset Management’s ownership report. The investment fund manager reports beneficial ownership of 575,000 Class A ordinary shares, equal to 5.56% of the class. It reports sole voting and dispositive power over all 575,000 shares, with zero shared voting or dispositive power.
Social Commerce Partners Corporation, a Cayman Islands blank check company, reported net income of $727,038 for the quarter and $1,334,382 for the six months ended June 30, 2026, driven by $893,459 and $1,773,499 of interest on $101,833,090 held in its trust account.
Total assets were $102,441,782 as of June 30, 2026, including cash outside the trust of $383,078 and working capital of $440,666, while general and administrative costs were $166,421 for the quarter and $439,117 year-to-date.
Management states that expected costs to identify and complete a business combination relative to limited cash resources raise substantial doubt about the company’s ability to continue as a going concern during the 24 months following its December 24, 2025 initial public offering (the “Completion Window”).
Social Commerce Partners Corporation, a SPAC, reported net income of $607,344 for the quarter ended March 31, 2026, driven by $880,040 of interest on funds held in its Trust Account and offset by $272,696 of general and administrative costs.
The company held $100,939,630 of marketable securities in its Trust Account and cash of $524,610 outside the trust, with working capital of $589,585. Management discloses that expected transaction and operating costs raise substantial doubt about its ability to continue as a going concern if no business combination is completed within the 24‑month window.
Social Commerce Partners Corporation files its annual report as a Cayman Islands blank check company formed to complete an initial business combination. The company has not selected a target and has held no substantive talks with potential merger partners.
The report details its December 2025 IPO of 10,000,000 units at $10.00 per unit, generating gross proceeds of $100,000,000, and a simultaneous private placement of 350,000 private units for $3,500,000. An amount of $10.00 per public unit is held in a U.S. Treasury–invested trust account, redeemable by public shareholders in connection with a business combination or if none is completed within 24 months.
As of March 24, 2026, there were 10,350,000 Class A ordinary shares and 3,333,333 Class B ordinary shares outstanding. Management concludes that, following the IPO, sufficient capital exists to sustain operations for at least one year from the financial statement issuance date, alleviating prior substantial doubt about going concern.