Southern Cross Acquisition II priced 7.5 million units at $10 each, targeting a $75 million raise ahead of Nasdaq debut.
Southern Cross Acquisition II priced its initial public offering at $75 million, issuing 7.5 million units at $10 per unit. The offering is set to close on August 27, with trading expected to begin on Nasdaq under the ticker SCATU on Wednesday.
Each unit includes one ordinary share, one warrant, and one right. The IPO follows a standard blank-check structure, with proceeds earmarked for future acquisitions. No prior public offering or consensus estimates were disclosed for comparison.
The company did not provide details on immediate market reaction or investor demand.