{"success":true,"data":{"pressRelease":{"id":"129794","rtpr_id":"nACShNbQBa","ticker":"SCATU","exchange":"NASDAQ","all_tickers":["SCATU"],"title":"Southern Cross Acquisition II Corp. Announces Closing of $76,526,300 Initial Public Offering","author":"ACCESSWIRE","published_at":"2026-08-27T20:05:00.265Z","article_body":"NEW YORK CITY, NY / ACCESS Newswire (https://www.accessnewswire.com/) / August\n27, 2026 / Southern Cross Acquisition II Corp. (NASDAQ:SCATU) (the \"Company\"),\na Cayman Islands exempted company, announced today the closing of its initial\npublic offering of 7,652,630 units at $10.00 per unit, which includes the\npartial exercise of the underwriters' option to purchase an additional 152,630\nunits to cover over-allotments. The gross proceeds from the offering were\n$76,526,300 before deducting underwriting discounts and estimated offering\nexpenses. The units are listed on the Nasdaq Capital Market (\"Nasdaq\") and\nbegan trading under the ticker symbol \"SCATU\" on August 26, 2026. Each unit\nconsists of one ordinary share, one redeemable warrant, and one right to\nreceive one-fourth of one ordinary share upon consummation of an initial\nbusiness combination. Each redeemable warrant entitles the holder thereof to\npurchase one ordinary share at an exercise price of $11.50 per share. Once the\nsecurities comprising the units begin separate trading, the ordinary shares,\nwarrants and rights are expected to be listed on Nasdaq under \"SCAT,\" \"SCATW,\"\nand \"SCATR,\" respectively.\n\nConcurrently with the closing of the initial public offering, the Company\nclosed a private placement of 224,932 units at a price of $10.00 per unit,\nresulting in gross proceeds of $2,249,320. The private placement units are\nidentical to the units sold in the initial public offering, subject to certain\nlimited exceptions as described in the final prospectus.\n\nD. Boral Capital LLC acted as sole book-running manager of the offering.\n\nRobinson & Cole LLP served as legal counsel to the Company on the initial\npublic offering. Norton Rose Fulbright US LLP served as legal counsel to D.\nBoral Capital LLC.\n\nOf the net proceeds received from the consummation of the initial public\noffering and simultaneous private placement, approximately $76,717,616\n($10.025 per unit sold in the public offering) was placed in trust. An audited\nbalance sheet of the Company as of August 27, 2026, reflecting receipt of the\nproceeds upon the consummation of the initial public offering and the private\nplacement, will be included as an exhibit to a Current Report on Form 8-K to\nbe filed by the Company with the U.S. Securities and Exchange Commission (the\n\"SEC\").\n\nA final prospectus relating to and describing the final terms of the offering\nwas filed with the SEC on August 26, 2026. The offering is being made only by\nmeans of a prospectus. Copies of the prospectus may be obtained from D. Boral\nCapital LLC, 590 Madison Ave., 39th Floor, New York, New York 10022, by\ntelephone at (212) 970-5150 or by email at\ndbccapitalmarkets@dboralcapital.com. Copies of the registration statement can\nalso be obtained by visiting EDGAR on the SEC's website at www.sec.gov.\n\nThis press release shall not constitute an offer to sell or a solicitation of\nan offer to buy, nor shall there be any sale of these securities in any state\nor jurisdiction in which such offer, solicitation or sale would be unlawful\nprior to registration or qualification under the securities laws of any such\nstate or jurisdiction.\n\nAbout Southern Cross Acquisition II Corp.\n\nThe Company is a blank check company formed to effect a merger, share\nexchange, asset acquisition, share purchase, recapitalization, reorganization\nor similar business combination with one or more businesses or entities. The\nCompany's target search will not be limited to a particular industry or\ngeographic region.\n\nForward-Looking Statements\n\nThis press release contains statements that constitute \"forward-looking\nstatements,\" including with respect to the initial public offering, the\nanticipated use of the net proceeds and the search for an initial business\ncombination. No assurance can be given that the offering discussed above will\nbe completed on the terms described, or at all, or that the net proceeds of\nthe offering will be used as indicated. Forward-looking statements are subject\nto numerous conditions, many of which are beyond the control of the Company,\nincluding those set forth in the Risk Factors section of the Company's\nregistration statement, preliminary prospectus and final prospectus for the\nCompany's offering filed with the SEC. Copies are available on the SEC's\nwebsite, www.sec.gov. The Company expressly disclaims any obligations or\nundertaking to release publicly any updates or revisions to any\nforward-looking statements contained herein to reflect any change in the\nCompany's expectations with respect thereto or any change in events,\nconditions or circumstances on which any statement is based, except as\nrequired by law.\n\nContact\n\nSouthern Cross Acquisition II Corp.\nAlly Tong Zhang\nChief Executive Officer\nallyz@southerncross.cc\n\nSOURCE: Southern Cross Acquisition II Corp.\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/banking-and-financial-services/southern-cross-acquisition-ii-corp.-announces-closing-of-76-526-300-1213307)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nACShNbQBa","title":"Southern Cross Acquisition II Corp. Announces Closing of $76,526,300 Initial Public Offering","author":"ACCESSWIRE","ticker":"SCATU","created":"2026-08-27T20:05:00.265Z","tickers":["SCATU"],"exchange":"NASDAQ","article_body":"NEW YORK CITY, NY / ACCESS Newswire (https://www.accessnewswire.com/) / August\n27, 2026 / Southern Cross Acquisition II Corp. (NASDAQ:SCATU) (the \"Company\"),\na Cayman Islands exempted company, announced today the closing of its initial\npublic offering of 7,652,630 units at $10.00 per unit, which includes the\npartial exercise of the underwriters' option to purchase an additional 152,630\nunits to cover over-allotments. The gross proceeds from the offering were\n$76,526,300 before deducting underwriting discounts and estimated offering\nexpenses. The units are listed on the Nasdaq Capital Market (\"Nasdaq\") and\nbegan trading under the ticker symbol \"SCATU\" on August 26, 2026. Each unit\nconsists of one ordinary share, one redeemable warrant, and one right to\nreceive one-fourth of one ordinary share upon consummation of an initial\nbusiness combination. Each redeemable warrant entitles the holder thereof to\npurchase one ordinary share at an exercise price of $11.50 per share. Once the\nsecurities comprising the units begin separate trading, the ordinary shares,\nwarrants and rights are expected to be listed on Nasdaq under \"SCAT,\" \"SCATW,\"\nand \"SCATR,\" respectively.\n\nConcurrently with the closing of the initial public offering, the Company\nclosed a private placement of 224,932 units at a price of $10.00 per unit,\nresulting in gross proceeds of $2,249,320. The private placement units are\nidentical to the units sold in the initial public offering, subject to certain\nlimited exceptions as described in the final prospectus.\n\nD. Boral Capital LLC acted as sole book-running manager of the offering.\n\nRobinson & Cole LLP served as legal counsel to the Company on the initial\npublic offering. Norton Rose Fulbright US LLP served as legal counsel to D.\nBoral Capital LLC.\n\nOf the net proceeds received from the consummation of the initial public\noffering and simultaneous private placement, approximately $76,717,616\n($10.025 per unit sold in the public offering) was placed in trust. An audited\nbalance sheet of the Company as of August 27, 2026, reflecting receipt of the\nproceeds upon the consummation of the initial public offering and the private\nplacement, will be included as an exhibit to a Current Report on Form 8-K to\nbe filed by the Company with the U.S. Securities and Exchange Commission (the\n\"SEC\").\n\nA final prospectus relating to and describing the final terms of the offering\nwas filed with the SEC on August 26, 2026. The offering is being made only by\nmeans of a prospectus. Copies of the prospectus may be obtained from D. Boral\nCapital LLC, 590 Madison Ave., 39th Floor, New York, New York 10022, by\ntelephone at (212) 970-5150 or by email at\ndbccapitalmarkets@dboralcapital.com. Copies of the registration statement can\nalso be obtained by visiting EDGAR on the SEC's website at www.sec.gov.\n\nThis press release shall not constitute an offer to sell or a solicitation of\nan offer to buy, nor shall there be any sale of these securities in any state\nor jurisdiction in which such offer, solicitation or sale would be unlawful\nprior to registration or qualification under the securities laws of any such\nstate or jurisdiction.\n\nAbout Southern Cross Acquisition II Corp.\n\nThe Company is a blank check company formed to effect a merger, share\nexchange, asset acquisition, share purchase, recapitalization, reorganization\nor similar business combination with one or more businesses or entities. The\nCompany's target search will not be limited to a particular industry or\ngeographic region.\n\nForward-Looking Statements\n\nThis press release contains statements that constitute \"forward-looking\nstatements,\" including with respect to the initial public offering, the\nanticipated use of the net proceeds and the search for an initial business\ncombination. No assurance can be given that the offering discussed above will\nbe completed on the terms described, or at all, or that the net proceeds of\nthe offering will be used as indicated. Forward-looking statements are subject\nto numerous conditions, many of which are beyond the control of the Company,\nincluding those set forth in the Risk Factors section of the Company's\nregistration statement, preliminary prospectus and final prospectus for the\nCompany's offering filed with the SEC. Copies are available on the SEC's\nwebsite, www.sec.gov. The Company expressly disclaims any obligations or\nundertaking to release publicly any updates or revisions to any\nforward-looking statements contained herein to reflect any change in the\nCompany's expectations with respect thereto or any change in events,\nconditions or circumstances on which any statement is based, except as\nrequired by law.\n\nContact\n\nSouthern Cross Acquisition II Corp.\nAlly Tong Zhang\nChief Executive Officer\nallyz@southerncross.cc\n\nSOURCE: Southern Cross Acquisition II Corp.\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/banking-and-financial-services/southern-cross-acquisition-ii-corp.-announces-closing-of-76-526-300-1213307)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved."},"type":"article","timestamp":"2026-08-27T20:05:00.355141868Z","server_sent_at_ms":1787861100355},"received_at":"2026-08-27T20:05:01.056Z","source_url":"https://www.accessnewswire.com/newsroom/en/banking-and-financial-services/southern-cross-acquisition-ii-corp.-announces-closing-of-76-526-300-1213307"},"analysis":{"id":"118707","press_release_id":"129794","analysis_json":{"industry":null,"redFlags":[],"eventType":"offering","narrative":"Southern Cross Acquisition II Corp. closed its initial public offering of 7.65 million units at $10.00 per unit, generating $76.5 million in gross proceeds.\n\nThe offering included a private placement of approximately 224,932 units, bringing total net proceeds held in trust to roughly $76.7 million.\n\nEach unit consists of one share, one warrant exercisable at $11.50, and one-fourth of a right; shares began trading on Nasdaq under SCATU on August 26.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Standard SPAC IPO closing; funds held in trust."},"keyFigures":{"dealValueUsd":76526300,"offeringPrice":10,"sharesOffered":7652630,"customDimensions":{"trust_amount":76717616,"over_allotment_units":152630,"trust_amount_per_unit":10.025,"warrant_exercise_price":11.5,"private_placement_units":224932,"private_placement_proceeds":2249320}},"namedEntities":{"people":[{"name":"Ally Tong Zhang","role":"Chief Executive Officer"}],"products":["Units","Ordinary Shares","Redeemable Warrants","Rights"],"companies":[{"name":"Southern Cross Acquisition II Corp.","ticker":"SCATU"},{"name":"D. Boral Capital LLC","relationship":"sole book-running manager"},{"name":"Robinson & Cole LLP","relationship":"legal counsel to the Company"},{"name":"Norton Rose Fulbright US LLP","relationship":"legal counsel to D. Boral Capital LLC"}],"dollarAmounts":[{"amount":"$76,526,300","context":"gross proceeds from the initial public offering"},{"amount":"$10.00","context":"per unit price"},{"amount":"$11.50","context":"warrant exercise price"},{"amount":"$2,249,320","context":"gross proceeds from private placement"},{"amount":"$76,717,616","context":"amount placed in trust"},{"amount":"$10.025","context":"per unit sold in the public offering (trust amount)"}]},"materialImpact":{"score":1,"reasoning":"Routine closing of a SPAC initial public offering with standard unit structure. No target business combination has been announced, and the proceeds are simply held in trust pending a future acquisition."},"tickerRelevance":{"others":[],"primary":"SCATU"},"globalImportance":10,"audienceRelevance":15,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"SPAC_IPO_closing","sectorWeight":"SPAC"}},"event_type":"offering","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Southern Cross Acquisition II Corp. closed its initial public offering of 7.65 million units at $10.00 per unit, generating $76.5 million in gross proceeds.\n\nThe offering included a private placement of approximately 224,932 units, bringing total net proceeds held in trust to roughly $76.7 million.\n\nEach unit consists of one share, one warrant exercisable at $11.50, and one-fourth of a right; shares began trading on Nasdaq under SCATU on August 26.","key_figures":{"dealValueUsd":76526300,"offeringPrice":10,"sharesOffered":7652630,"customDimensions":{"trust_amount":76717616,"over_allotment_units":152630,"trust_amount_per_unit":10.025,"warrant_exercise_price":11.5,"private_placement_units":224932,"private_placement_proceeds":2249320}},"named_entities":{"people":[{"name":"Ally Tong Zhang","role":"Chief Executive Officer"}],"products":["Units","Ordinary Shares","Redeemable Warrants","Rights"],"companies":[{"name":"Southern Cross Acquisition II Corp.","ticker":"SCATU"},{"name":"D. Boral Capital LLC","relationship":"sole book-running manager"},{"name":"Robinson & Cole LLP","relationship":"legal counsel to the Company"},{"name":"Norton Rose Fulbright US LLP","relationship":"legal counsel to D. Boral Capital LLC"}],"dollarAmounts":[{"amount":"$76,526,300","context":"gross proceeds from the initial public offering"},{"amount":"$10.00","context":"per unit price"},{"amount":"$11.50","context":"warrant exercise price"},{"amount":"$2,249,320","context":"gross proceeds from private placement"},{"amount":"$76,717,616","context":"amount placed in trust"},{"amount":"$10.025","context":"per unit sold in the public offering (trust amount)"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-27T20:15:46.277Z","global_importance":10,"audience_relevance":15,"importance_components":{"tickerTier":"micro-cap","eventGravity":"SPAC_IPO_closing","sectorWeight":"SPAC"}},"durationMs":null,"modelName":"glm-4.7"}}