Southern Cross Acquisition II (SCATU), a New York-based SPAC with ties to China, raised $75 million with the pricing of its SPAC IPO – 7.5 million units at $10.00 each – on Tuesday night, Aug. 25, 2026. Tomorrow – on Wednesday, Aug. 26, 2026 – Southern Cross Acquisition II (SCATU)is expected to start trading on the NASDAQ. Each unit consists of one share, one warrant, and one right to receive one-fourth (1/4th) of a share upon the consummation of its initial business combination, according to the prospectus.
D. Boral Capital was the sole book-runner.
A week ago today, Southern Cross Acquisition II’s size was cut to 7.5 million units – down from 10 million units originally, according to its S-1/A filing on Aug. 18, 2026.
In the prospectus, Southern Cross Acquisition II said its management has “significant ties to China” and for that reason, “we may pursue opportunities in China (including Hong Kong and Macau).”
In the prospectus, Southern Cross Acquisition II said its management has “significant ties to China” and for that reason, “we may pursue opportunities in China (including Hong Kong and Macau).”
(For more information about this company, please check the IPO Calendar and the individual IPO Profile found on the IPOScoop.com website.)
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