
Southern Cross Acquisition II Corp.
SCATURecent IPOSouthern Cross Acquisition II Corp. · Exchange pending · latest filing 2026-10-06
IPO research
Southern Cross Acquisition II Corp. is a newly offered Cayman Islands SPAC seeking a business combination within 12 months. The offering includes substantial sponsor and insider dilution, redemption uncertainty, and material China-related regulatory and execution risks.
The prospectus offers 7,500,000 units at $10.00 each, with each unit comprising one ordinary share, one warrant and one right to receive one-quarter of an ordinary share.
Capital destination
Awaiting verification424B4 · 2026-08-26
Share-type percentages are not net-proceeds percentages. Amounts retain their stated gross/net basis; do not add unlike bases.
Check the source · 424B4 ↗Capital destination
Awaiting verification424B4 · 2026-08-26
Share-type percentages are not net-proceeds percentages. Amounts retain their stated gross/net basis; do not add unlike bases.
Check the source · 424B4 ↗Names not yet published
Fully diluted valuation bridge
| Status | Reference |
|---|---|
| Awaiting verification | Source ↗ |
Basic-price scenario
A verified single offer price and basic post-offer share count are required. This is a data gap, not a paid lock.
Check the source · 424B4 ↗Holder data awaits verification
Founders held 2,875,000 shares before the offering, with 55,000 transferred to officers and directors. The sponsor is expected to hold 2,445,000 founder shares without over-allotment exercise, plus 205,800 private units. · 2026-08-26
Founders held 2,875,000 shares before the offering, with 55,000 transferred to officers and directors. The sponsor is expected to hold 2,445,000 founder shares without over-allotment exercise, plus 205,800 private units.
One disclosed holder; not a complete ownership distribution.Check the source · 424B4 ↗Conditional lock-up timeline
| Status | Reference |
|---|---|
| Awaiting verification | Source ↗ |
Financial quality and runway
| Status | Reference |
|---|---|
| Awaiting verification | Source ↗ |
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The issuer states that a future China-based target may require CSRC filing or other approvals, and approval may be delayed, denied or later rescinded.
- Potential impact
- Awaiting verification
- Monitor
- Expected delivery and closing of the offering on or about August 27, 2026; thereafter the company must pursue a business combination within 12 months unless extended.
- Evidence
- Risk Factors ↗