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AI brief of an SEC Form 8-K · Southern Cross Acquisition II Corp. (SCAT)

Southern Cross Acquisition II closes $76.5 million IPO of 7,652,630 units

Neutral Impact 3 of 5 financing Written later

Southern Cross Acquisition II Corp., a blank check company, closed its initial public offering on August 27, 2026, selling 7,652,630 units at $10.00 each for gross proceeds of $76,526,300. About $76,717,616 from the IPO and private unit sale was placed in a trust account, and access to those funds is restricted until a business combination or other specified events occur. The company also appointed three independent directors and adopted amended and restated articles of association.

Key points

  • Closed IPO on August 27, 2026 of 7,652,630 units at $10.00 per unit, including a partial over-allotment of 152,630 units, for gross proceeds of $76,526,300.
  • Sold 224,932 private units to the Sponsor and D. Boral Capital LLC for $2,249,320.
  • About $76,717,616 placed in the trust account; funds are not released until a business combination, a shareholder redemption event, or failure to complete a business combination within 12 months.
  • Hongmei Zhao, Wenhua Qian and Zhiqiang Du became independent directors effective August 26, 2026.

The filing

CompanySouthern Cross Acquisition II Corp. (SCAT)
Form8-K, current report
Filed with the SECAug 27, 2026, 4:20 PM ET
Accession number0001929980-26-000510

Items reported: 1.01 Material Definitive Agreement3.02 Unregistered Equity Sale5.02 Director / Officer Change5.03 Bylaw / Charter Amendment8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 27, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.