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Southern Cross Acquisition II Corp.
Southern Cross Acquisition II Corp. announced that holders of its units can elect to separately trade the underlying ordinary shares (SCAT), warrants (SCATW), and rights (SCATR) starting October 8, 2026. Unit holders may initiate the separation process by contacting their brokers to coordinate with the company's transfer agent, VStock Transfer, LLC, while non-separated units will continue to trade under the symbol SCATU.…more
Southern Cross Acquisition II Corp.
Southern Cross Acquisition II Corp. completed its IPO on August 27, 2026, issuing 7,652,630 units at $10.00 per unit to raise $76,526,300 in gross proceeds. Concurrently, the company raised an additional $2,249,320 through a private placement of 224,932 units, though it faces substantial doubt regarding its ability to continue as a going concern due to the 12-month deadline for completing a business combination.…more
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