Journal ·

SCAT IPO closed. 7,652,630 units at $10.00, partial greenshoe, $76.5 million gross, $76.7 million in trust, 12-month clock

SPAC Pulse 52

Southern Cross Acquisition II Corp. completed its IPO and concurrent private placement on August 27, 2026.

SCAT8-Kdeal

7,652,630 Units sold at $10.00 per Unit for $76,526,300 gross proceeds, including partial exercise of the over-allotment option for 152,630 additional Units.

224,932 Private Units sold to the Sponsor and Representative for $2,249,320.

153,053 Representative Shares issued as underwriting compensation.

$76,717,616 placed in the trust account from IPO and private placement proceeds.

12-month period to complete an initial business combination.

Warrants strike at $11.50 per share; Rights convert to one-fourth of one ordinary share upon combination.

Units trade as SCATU, ordinary shares as SCAT, warrants as SCATW, rights as SCATR on Nasdaq.

Pulse Impact

  • Previous Pulse: 52
  • New Pulse: 52
  • Change: Unchanged
  • Driver: 8-K did not change the live Pulse reading.

Southern Cross Acquisition II Corp. Form 8-K (2026-08-27)

Not investment advice. Facts taken from the company’s Form 8-K.

SEC sources

Summaries of public SEC filings. Company press-release exhibits are not reproduced. Not investment advice, not a proxy solicitation.