Financing ·
Southern Cross Acquisition II Corp. consummated its initial public offering on August 27, 2026, selling 7,652,630…
SCATSouthern Cross Acquisition II Corp.
Southern Cross Acquisition II Corp. consummated its initial public offering on August 27, 2026, selling 7,652,630 units at $10.00 per unit for gross proceeds of $76,526,300. Concurrently, the company sold 224,932 private units to its sponsor and underwriter representative for $2,249,320. A total of $76,717,616 was placed in a trust account with Equiniti Trust Company, LLC. Each unit comprises one ordinary share, one warrant exercisable at $11.50 per share, and one right to acquire one-fourth of an ordinary share upon completion of the initial business combination. The company operates as a blank check company focused on effecting a merger, capital stock exchange, asset acquisition, or similar business combination.