Articles from Southern Cross Acquisition II Corp.

NEW YORK CITY, NY / ACCESS Newswire / August 25, 2026 / Southern Cross Acquisition II Corp. (NASDAQ:SCATU) ("SCAT") announced the pricing of its initial public offering (the "IPO") of 7,500,000 units at $10.00 per unit. The units are expected to trade on the Nasdaq Capital Market ("Nasdaq") under "SCATU" beginning 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 consummation of an initial business combination. Each whole redeemable warrant entitles the holder thereof to purchase one ordinary share at an exercise price of $11.50 per share. Once the securities comprising the units begin separate trading, the ordinary shares, warrants and rights are expected to be listed on Nasdaq under "SCAT," "SCATW," and "SCATR," respectively.