Social Commerce Partners (SCPQU) prices 10,000,000-unit IPO and deposits $100,000,000 in trust
Rhea-AI Filing Summary
Social Commerce Partners Corporation reported that it has completed its initial public offering of 10,000,000 units at an offering price of $10.00 per unit, generating gross proceeds of $100,000,000. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at $11.50 per share, subject to adjustment.
At the same time, the company completed a private placement of 350,000 units to its sponsor and BTIG, LLC at $10.00 per unit, for total proceeds of $3,500,000. As of December 24, 2025, $100,000,000 of net proceeds from the IPO and the private placement, including $3,500,000 in deferred underwriting commissions, was deposited into a trust account for the benefit of public shareholders, and an audited balance sheet for that date is provided as an exhibit.
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Insights
Social Commerce Partners completed a $100,000,000 unit IPO plus a $3,500,000 private placement, with proceeds directed into a shareholder trust.
Social Commerce Partners Corporation has moved from pre-IPO to publicly traded status by selling 10,000,000 units at $10.00 each, for gross proceeds of
Alongside the IPO, the company sold 350,000 private units at
FAQ
What did Social Commerce Partners Corporation (SCPQU) announce in this 8-K?
The company disclosed that it consummated its initial public offering of 10,000,000 units at $10.00 per unit, generating $100,000,000 in gross proceeds, and completed a concurrent private placement of 350,000 units.
How are the SCPQU units of Social Commerce Partners structured?
Each unit consists of one Class A ordinary share, par value $0.0001 per share, and one-half of one redeemable warrant. Each whole warrant entitles the holder to purchase one Class A ordinary share at an exercise price of $11.50 per share, subject to adjustment.
What was the size of the private placement and who purchased the private units of SCPQU?
The private placement consisted of 350,000 private units at $10.00 per unit, for total proceeds of $3,500,000. The sponsor, Social Commerce Acquisition Partners, LLC, purchased 250,000 private units, and BTIG, LLC purchased 100,000 private units.
How much of Social Commerce Partners’ IPO and private placement proceeds were deposited into the trust account?
As of December 24, 2025, a total of $100,000,000 of net proceeds from the IPO and the private placement, including $3,500,000 in deferred underwriting commissions, was deposited into a trust account established for the benefit of the company’s public shareholders.
What financial information is attached to the Social Commerce Partners (SCPQU) 8-K?
The filing includes as Exhibit 99.1 an audited balance sheet as of December 24, 2025, reflecting receipt of the proceeds from the IPO and the private placement. It also includes Exhibit 104, the cover page interactive data file.
On which exchange are Social Commerce Partners securities listed and under what symbols?
The company’s securities trade on The Nasdaq Stock Market LLC under three symbols: units as SCPQU, Class A ordinary shares as SCPQ, and warrants as SCPQW.