Recent Updates — SCAT

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.

Southern Cross Acquisition II Corp. consummated its initial public offering on August 27, 2026, selling 7,652,630 units at $10.00 per unit, including the partial exercise of the underwriters' over-allotment option for an additional 152,630 units. The IPO generated gross proceeds of $76,526,300. Concurrently, the Company completed a private placement of 224,932 Private Units to its Sponsor and D. Boral Capital LLC at $10.00 per unit, raising an additional $2,249,320 in gross proceeds. Approximately $76,717,616 from the combined proceeds was placed in a trust account. The Company also appointed independent directors Hongmei Zhao, Wenhua Qian, and Zhiqiang Du effective August 26, 2026, and issued shares to executive officers and directors. Southern Cross Acquisition II Corp. is a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities.