Southern Cross Acquisition II Corp. has priced an initial public offering of 7.5 million units at $10.00 each, raising $75 million on the Nasdaq Capital Market.
The IPO, managed by D. Boral Capital LLC as sole book-running manager, is expected to close on Aug. 27, 2026, subject to customary conditions. Units will begin trading on Aug. 26, 2026.
Each unit comprises one ordinary share, one redeemable warrant exercisable at $11.50 per share, and one right to receive one-fourth of an ordinary share upon completion of an initial business combination. Once components begin separate trading, the ordinary shares will list under ticker "SCAT," warrants under "SCATW," and rights under "SCATR."
The company, a blank-check entity formed to pursue mergers or acquisitions without industry or geographic restrictions, also granted underwriters a 45-day over-allotment option to purchase up to 1.125 million additional units.
