Southern Cross Acquisition prices $100M IPO on Nasdaq

Southern Cross Acquisition I Corp. (NASDAQ: NCOOU) announced the pricing of its initial public offering of 10,000,000 units at $10.00 per unit, raising $100 million, according to a company press release.

The units began trading on the Nasdaq Global Market under the ticker "NCOOU" on July 21, 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 allows the holder to purchase one ordinary share at $11.50 per share.

Once the securities begin trading separately, the ordinary shares, warrants, and rights are expected to list on Nasdaq under "NCO," "NCOOW," and "NCOOR," respectively.

D. Boral Capital LLC is acting as sole book-running manager. The underwriters hold a 45-day option to purchase up to 1,500,000 additional units to cover over-allotments. The offering was expected to close on July 22, 2026, subject to customary closing conditions.

Southern Cross Acquisition is a blank check company with no restrictions on target industry or geographic region for its intended business combination.

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