Southern Cross Acquisition II Corp. (NASDAQ:SCATU) announced the pricing of its $75 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SCATU” on Wednesday, August 26, 2026.
The new SPAC aims to mount a generalist search for a combination target.
Southern Cross Acquisition II Corp. is to be led by Chairwoman and Chief Executive Officer Ally Tong Zhang alongside Chief Financial Officer Xin Wang. Victor Chua, Juan Fernandez and Lionel H. Derriey will serve on its Board of Directors.
Total SPAC deal count for 2026 year-to-date is now 144. This offering is expected to close on Thursday, August 27, 2026.
D. Boral Capital LLC is acting as sole book-running manager of the offering. Robinson+Cole, LLP is serving as Issuer’s Counsel with Norton Rose Fulbright US LLC serving as Underwriter’s Counsel. TAAD, LLP serves as auditor. Equiniti Trust Company, LLC is acting as trustee.
