Southern Cross Acquisition II prices $75M IPO on Nasdaq

Southern Cross Acquisition II Corp. (NASDAQ: SCATU) priced its initial public offering of 7,500,000 units at $10.00 per unit, raising $75 million, according to a press release dated August 25, 2026.

The units are expected to begin trading on the Nasdaq Capital Market under the ticker "SCATU" on August 26, 2026. Each unit consists of one ordinary share, one redeemable warrant, and one right to receive one-fourth of one ordinary share upon completion of an initial business combination. Each whole redeemable warrant carries an exercise price of $11.50 per share.

Once the unit components begin separate trading, the ordinary shares, warrants, and rights are expected to list on Nasdaq under "SCAT," "SCATW," and "SCATR," respectively.

D. Boral Capital LLC is acting as sole book-running manager. The underwriters hold a 45-day option to purchase up to 1,125,000 additional units to cover over-allotments. The offering is expected to close on August 27, 2026, subject to customary closing conditions.

Southern Cross Acquisition II is a blank check company formed to pursue a merger, asset acquisition, or similar business combination. The company has not limited its target search to any particular industry or geographic region.

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