NCO SEC filings, in plain English
Everything Southern Cross Acquisition I has filed with the SEC that we hold — 21 filings, newest first, 19 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
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What changed: Southern Cross Acquisition I Corp. filed a 10-Q for the period ended June 30, 2026, reporting that it consummated its Initial Public Offering on July 22, 2026, issuing 11,500,000 Units at $10.00 per Unit for $115,000,000 in gross proceeds and placing $115,000,000 into a Trust Account. The filing discloses a working capital deficit of $281,439 as of June 30, 2026, and notes that management has determined substantial doubt exists regarding the Company's ability to continue as a going concern due to the mandatory liquidation date being less than one year from the issuance date. Why it matters: Investors should note that while the IPO closed after the balance sheet date, the filing confirms the trust value is established at $10.00 per share and identifies the redemption deadline as July 22, 2027 (12 months post-IPO). The explicit 'going concern' warning highlights the binary risk: if no business combination is completed by the deadline, public shareholders face liquidation and potential loss of investment.
What changed: Form 8-K Current Report (Items 8.01 and 9.01) accompanied by Exhibit 99.1, which is a press release. The Company announced that commencing on or about July 31, 2026, holders of the 11,500,000 units sold in its IPO may elect to separately trade the embedded ordinary shares, warrants, and rights. Per the press release authored by Chief Executive Officer Ally Tong Zhang, separated ordinary shares, warrants, and rights will trade on Nasdaq under the symbols NCO, NCOOW, and NCOOR, respectively, with each whole warrant exercisable at an exercise price of $11.50. Unsplitted units retain symbol NCOOU. Holders must instruct their brokers to contact Continental Stock Transfer & Trust Company to perform the separation. The filing notes that a Form S-1 registration statement was declared effective by the SEC on July 20, 2026, and D. Boral Capital LLC acted as the sole book-running manager for the underwritten offering. Why it matters: This filing executes a routine post-listing capitalization mechanic that increases trading liquidity without altering the SPAC’s redemption parameters, trust account conditions, or business combination timeline. The registrant stated it was formed to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination, and noted that its target search will not be limited to a particular industry or geographic region. No claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or specific sponsor conduct details are provided.
What changed: A Joint Filing Agreement (Exhibit 7.1) attached to a Schedule 13D, serving as a procedural declaration that designated signatories consent to a single electronic submission on their behalf regarding beneficial ownership of Southern Cross Acquisition I Corp. ordinary shares. The exhibit delivers zero updates to the SPAC’s redemption calendar, trust valuation mechanics, extension voting schedule, target business combination progress, or sponsor governance conduct. It does not modify the stated search deadline, report any shareholder redemptions or tender elections, announce bridge capital, or detail how the sponsor intends to exercise its underwriting option or forward purchase rights. Why it matters: According to the Joint Filing Agreement executed by Director Dong Chen on behalf of Southern Cross Acquisition I Sponsor Corp., the parties merely authorized a consolidated filing dated July 29, 2026, covering ordinary shares with a par value of US$0.0001 each. As explicitly flagged in the filing header, the 'Structured holder table not present in this XML variant,' meaning no share volumes, ownership percentages, acquisition costs, or price-per-share metrics are actually reported. The document makes no assertions about customer pipelines, historical revenue, projected earnings, market size, technology infrastructure, partnership frameworks, regulatory litigation, or executive succession plans. Because the beneficial ownership data is omitted, this filing functions strictly as an administrative routing note; investors tracking redemption exposure, trust account sufficiency, or deal execution timelines must await an amended 13D that reconstructs the table and discloses concrete transaction parameters.
What changed: A Form 8-K current report filed by Southern Cross Acquisition I Corp. announcing the consummation of its initial public offering, accompanied by an audited balance sheet and detailed financial statement notes submitted as Exhibit 99.1. According to the registrant, on July 22, 2026, it consummated its IPO of 11,500,000 units at $10.00 per unit, including the full exercise of a 1,500,000-unit over-allotment option, generating $115,000,000 in gross proceeds. Substantially concurrently, the Sponsor purchased 239,300 private units for $2,393,000. The company states that $115,000,000 from these proceeds was deposited into a trust account with Continental Stock Transfer & Trust Company acting as trustee, establishing the per-share trust value at $10.00. The registrant specifies that the initial business combination must occur within 12 months of the July 22, 2026 closing, defining the mandatory redemption and liquidation deadline. The Sponsor waived redemption rights for its private units and agreed to a lock-up until the business combination concludes. Beyond redemption mechanics, management asserted that as of July 22, 2026, no potential target business had been selected and no substantive discussions had been initiated directly or indirectly. The company operates as a blank check entity incorporated in the Cayman Islands. Regarding capital structure, the Sponsor transferred 14,000 founder shares to the company's officers and independent director nominees for an aggregate consideration of $203.00. The registrant's management claims it will generate non-operating income solely from interest on trust proceeds and will not generate operating revenues until after completing a business combination. The independent registered public accounting firm (TAAD, LLP) included a going concern opinion in the attached financials, noting that the mandatory liquidation provision raises substantial doubt about the company's ability to continue as a going concern within one year of the statement's issuance. Why it matters: For investors tracking redemption calendars and trust dynamics, this filing definitively locks the trust balance at $115,000,000 ($10.00 per public share) and anchors the acquisition clock starting July 22, 2026. The documented waiver of sponsor redemption rights modifies the typical redemption math by removing sponsor selling pressure during any future tender offer or special meeting, potentially preserving higher per-share values for remaining public holders. Liquidity planning details $645,899 held outside the trust, with management stating founders may extend additional funds via working capital or extension loans convertible at $10.00 per unit if needed to fund operations or seek an extension. On deal strategy and screening, management states any initial target must carry an aggregate fair market value of at least 80% of the trust assets (excluding deferred underwriting commissions and released interest). Success probabilities embedded in the valuation methodology rest entirely on management's disclosed assumptions: a 40.0% estimated probability of successfully completing a business combination and a projected underlying stock price of $8.79 used for Black-Scholes models pricing public warrants and rights. Upon consummation, the registrant must remit $1,150,000 in deferred underwriting commissions, creating a fixed cash liability that reduces net enterprise value at close. These disclosures collectively define the strict timeline, sponsor skin-in-the-game alignment, capital maintenance obligations, and target acquisition thresholds governing the security's lifecycle.
What changed: Schedule 13G — beneficial ownership report filed on behalf of Sculptor Capital LP, Sculptor Capital II LP, Sculptor Capital Holding Corp, Sculptor Capital Holding II LLC, Sculptor Capital Management, Inc., and Sculptor Master Fund, Ltd. The filing discloses that the named Sculptor Capital entities are reporting beneficial ownership of NCO common stock. The provided text contains no share quantities, percentage breakpoints, purchase prices, acquisition dates, or contractual commitments. It does not alter the redemption calendar, modify trust distribution mechanics, propose an extension, or describe any target search activity or sponsor conduct. Why it matters: While a Schedule 13G does not mechanically impact the 2027-07-21 liquidation deadline or per-share trust accounting, it flags institutional capital deployment into a searching SPAC. Sculptor Capital’s accumulation warrants monitoring because such investors frequently engage on board composition, extension vote thresholds, and the structural conditions surrounding any future deSPAC transaction. Investors should track subsequent filings for breakpoint disclosures, joint actor statements, or explicit views on management’s timeline and redemption risk management. Until additional disclosures specify ownership levels or strategic intentions, the filing remains informational rather than operative.
What changed: A Joint Filing Agreement submitted as Exhibit 99.2 to facilitate a consolidated Schedule 13G report regarding Class A ordinary shares of Southern Cross Acquisition I Corp., executed pursuant to Rule 13d-1(k) under the Securities Exchange Act of 1934. Feis Equities LLC and Lawrence M. Feis mutually agreed to submit their beneficial ownership disclosures together, dated July 24, 2026. The text contains no adjustments to liquidation or conversion deadlines, no modifications to the trust per share balance, no extension voting procedures, no business combination or target identification progress, and no alterations to sponsor conduct or track record disclosures. Why it matters: Because the agreement governs only a procedural filing arrangement under the Securities Exchange Act of 1934, it bears no mechanical impact on shareholder redemption windows, trust preservation, capital deployment, or acquisition timelines. According to its explicit language, the signatories acknowledge only that their respective Schedule 13G statements (and any future Schedule 13D amendments) will be filed jointly on their mutual behalf. The document attributes no factual assertions regarding customer bases, operating revenue, market valuation, commercial strategy, technical infrastructure, partnership frameworks, litigation exposure, or executive personnel. Investors monitoring Southern Cross Acquisition I's SEARCHING phase should derive actionable intelligence solely from the referenced July 24, 2026 Schedule 13G filing and subsequent company announcements, as this attachment introduces no substantive operational or financial developments.
What changed: a Form 4 insider ownership report / routine compliance exhibit. The filing records an open-market purchase executed on 2026-07-22 at 05:00 for 15,000 shares by Southern Cross Acquisition I Sponsor Corp. and Chen Dong (DC), each identified as a 10% owner. Following the transaction, the reported aggregate holding totals 3,100,300 shares. The document contains no amendments to the SPAC’s redemption deadline, trust per-share value, extension provisions, or target acquisition status. Sponsor conduct is reflected solely through this secondary-market accumulation. Why it matters: For investors monitoring redemption calendars, trust mechanics, extensions, deal progress, and sponsor conduct, this report confirms ongoing insider participation in the public market without altering the established 2027-07-21 liquidation timeline or the stated $10 trust/share baseline. The purchase of 15,000 shares increases the insiders’ cumulative position to 3,100,300 shares, signaling capital alignment during the SEARCHING phase. Because the execution occurred via open-market trading, it generates no direct pressure on redemption opt-out calculations, trust distribution formulas, or business combination advancement. The filing discloses no substantive information regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel. All transaction figures, ownership percentages, and timestamps are attributed exclusively to the Form 4 submission by the Sponsor and Chen Dong (DC).
What changed: Form 8-K Current Report filed by Southern Cross Acquisition I Corp. (NCO) announcing the closing of its initial public offering (IPO) and the execution of related agreements, including the underwriting agreement, trust agreement, warrant agreement, rights agreement, private placement subscription, and lock-up agreements. The Company consummated its IPO of 11,500,000 units at $10.00 per unit, generating gross proceeds of $115,000,000. Concurrently, it completed a private placement of 239,300 units to the Sponsor for $2,393,000. A total of $115,000,000 was deposited into the trust account, representing $10.00 per public unit. The deadline to complete a business combination is 12 months from the closing date (July 22, 2026), i.e., July 22, 2027. The Company states it has not identified any potential business combination target. The Sponsor and insiders have agreed to lock-up restrictions and waivers of redemption rights with respect to their founder shares and private placement units. Why it matters: This filing establishes the initial trust value per share ($10.00), the trust account size ($115,000,000), the deadline for a business combination (July 22, 2027), and the sponsor's commitment to not redeem their shares. It confirms the SPAC is now live and searching for a target. Investors can now track future redemptions and extensions against this baseline.
What changed: A Schedule 13G beneficial ownership report filed on 2026-07-22 by Space Summit Capital LLC regarding NCO. The filing text identifies Space Summit Capital LLC as the reporting holder for a beneficial ownership stake in NCO. It provides no share quantity, acquisition date, purchase price, or percentage of outstanding securities. Regarding the SPAC mechanics you track, the document contains no updates on the searching status, the 2027-07-21 business combination deadline, redemption demand, trust preservation actions, extension proposals, or sponsor conduct. Why it matters: Routine Schedule 13G filings disclose passive or index-like equity accumulation. The excerpt omits the mandatory purpose statement, exact ownership threshold crossed, and any declared plan to influence the company’s charter, board composition, or business combination timeline. Because the filer Space Summit Capital LLC did not supply a percentage, a source-of-funds disclosure, or any operational commentary regarding target pursuit or liquidity events, the filing does not mechanically alter the path to the 2027-07-21 deadline, nor does it validate or threaten the reported $10 trust value per share. Investors should watch for subsequent 13D filings or amended schedules that explicitly tie the holder’s capital to deal execution, redemptions, or sponsor governance shifts.(flagged for human review)
What changed: Routine compliance exhibit: SEC Form 3 insider ownership report. The filing records a direct holding of 2,000 shares by director Xu Qian. The excerpt supplies no transaction date, purchase price, acquisition type, or prior balance, meaning no actual change in ownership mechanics, vesting triggers, or compensation arrangements is documented. Why it matters: This routine regulatory snapshot bears no impact on trust mechanics, redemption calendars, or the company’s active search status. Beyond the issuer identification, reference number, and the named director’s title, the document contains no substantive claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel. A reported 2,000-share position carries no meaningful dilution or capital-event implications for public shareholders.
What changed: Priced IPO of units at $10.00 generating gross proceeds of $115 million. Each unit is one ordinary share, one redeemable warrant and one right: the whole warrant buys one ordinary share at $11.50 and the right converts into one-fourth of one ordinary share at the combination, so four rights yield one share. The warrant becomes exercisable on the later of 30 days after the combination and one year from the date the registration statement is declared effective, and expires five years after the combination. Trust: $10.00 per unit at Continental Stock Transfer. Why it matters: The warrant exercise trigger is a two-part test - the later of 30 days after the combination and one year from effectiveness of the registration statement - so a fast combination does not make these warrants exercisable on the usual schedule. The combination period is only 12 months from closing. Warrants are redeemable at $0.01 once the shares close at or above $18.00 for 20 of 30 trading days commencing at least 30 days after the combination. Deferred underwriting of $1,000,000 ($1,150,000 with full over-allotment) sits in trust.
What changed: SEC Form 3 — insider ownership report. According to the filing, director Du Zhiqiang disclosed a direct holding of 2,000 shares in Southern Cross Acquisition I Corp. The document records no purchase, sale, conversion, or exercise of securities, and introduces no amendments to the trust account, redemption provisions, or business combination timeline. Why it matters: For investors tracking redemption deadlines, trust value, extensions, deal progress, and sponsor conduct, the filing provides a routine compliance snapshot confirming director equity alignment at 2,000 shares. As the filing attributes the holding solely to Du Zhiqiang and contains no statements regarding target selection, merger agreements, sponsor voting intentions, or trust account adjustments, it does not alter the stated SEARCHING status, the 2027-07-21 redemption deadline, or the $10 per-share trust allocation. The document carries no forward-looking commitments or procedural triggers; it simply satisfies periodic insider reporting requirements while the SPAC continues its search phase without impacting shareholder liquidity windows or extension mechanics.
What changed: Form 3—Insider Securities Ownership Report. The filing states that director Liang Zhuo recorded an initial direct holding of 2,000 shares in Southern Cross Acquisition I Corp., with no subsequent purchases, sales, conversions, or exercises reported. Why it matters: This disclosure bears on redemption windows, trust integrity, extension mechanics, and sponsor conduct by confirming a static director equity stake that does not interfere with public shareholder voting leverage, trust distribution triggers, or liquidity exit pathways. The document contains no references to target acquisition negotiations, amendment filings, warrant exercise schedules, or forfeiture provisions, meaning the pre-existing search framework and per-share trust accounting remain operationally unaffected. Because the report solely catalogs a foundational board allocation rather than reflecting strategic capital calls or defensive governance shifts, it supplies no actionable input for holders assessing cash-versus-equity trade-offs or evaluation of sponsor alignment, though it transparently fulfills statutory reporting obligations ahead of the search expiration.
What changed: SEC Form 3 insider ownership report (routine compliance exhibit) disclosing direct share holdings by an executive officer. According to the filing dated 2026-07-20, the only mechanical update is the registration of a 3,000-share direct position held by Chief Financial Officer Lam Siu Wai. The document contains no provisions altering trust account terms, no updates on target identification, and no shifts in sponsor governance or extension voting plans. Why it matters: Investors tracking redemption pressure, trust maintenance, or merger execution will find no operational leverage in this submission. The filing attributes the 3,000 shares solely to the CFO and makes no claims regarding customer contracts, revenue streams, market positioning, technology pipelines, strategic partnerships, litigation exposure, or broader personnel changes. As a standalone regulatory disclosure, it confirms continued officer participation without advancing the search timeline or impacting shareholder liquidity parameters.
What changed: This document is a Form 3 insider ownership report—a routine compliance exhibit filed with the Securities and Exchange Commission. The filing records that Southern Cross Acquisition I Sponsor Corp. and Chen Dong each directly hold 3,085,300 shares as 10% owners. The text of this Form 3 contains no references to redemption calendars, trust account valuations, extension mechanics, or business combination timelines, and therefore alters none of those parameters. Why it matters: Initial Form 3 filings establish the baseline equity footprint for sponsors and directors before acquisition targets are identified, enabling investors to track future sale restrictions and insider liquidity channels. Per the explicit language of the submission, there are zero claims regarding customer concentration, revenue recognition practices, market sizing assumptions, technological differentiation, partnership agreements, litigation exposure, or management changes. All disclosed share quantities and ownership percentages are self-attributed to Southern Cross Acquisition I Sponsor Corp. and Chen Dong as listed in the 2026-07-20 SEC record. Because the document is purely mechanical and retrospective, it holds low immediate materiality for redemptions or deal progression tracking.
What changed: A Form 3 initial statement of beneficial ownership reporting insider shareholdings. Director and Chief Executive Officer Zhang Ally Tong reported direct holdings of 5,000 shares in Southern Cross Acquisition I Corp. Why it matters: Per the filing dated 2026-07-20, Zhang Ally Tong discloses 5,000 shares. The document contains no claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel beyond this ownership baseline. As a routine SEC compliance exhibit, it does not adjust any redemption calendar, trust valuation, extension provisions, deal progression, or sponsor conduct metrics, but establishes a documented reference point for monitoring future executive transactions.
What changed: A Form 8-A for the registration of certain classes of securities pursuant to Section 12(b) of the Securities Exchange Act of 1934, filed by Southern Cross Acquisition I Corp. to list its Units, Ordinary Shares, Redeemable Warrants, and Rights on The Nasdaq Stock Market LLC. This filing does not amend the redemption deadline, trust account mechanics, extension provisions, target search status, or sponsor conduct protocols. It formally registers four security classes previously detailed in the Company’s June 12, 2026 Form S-1 Registration Statement (File No. 333-296723). Why it matters: Because it is a routine post-offering compliance instrument, this filing delivers no new operational data, customer commitments, revenue projections, market sizing claims, strategic directives, technological disclosures, partnership agreements, or litigation updates. The structural parameters—$0.0001 par value, $11.50 warrant strike price, and one-fourth right conversion ratio—are sourced directly from the incorporated prospectus rather than newly asserted management guidance.
What changed: Registration statement on Form S-1 for a blank check company's initial public offering. Southern Cross Acquisition I Corp. is filing its IPO registration statement to sell 10 million units at $10.00 per unit, each consisting of one ordinary share, one redeemable warrant ($11.50 exercise price), and one right to receive one-fourth of one ordinary share upon a business combination. The trust will hold $100 million ($10.00 per unit). The company has 12 months from closing to complete a business combination. Sponsor holds 2.875 million founder shares (paid $25,000) and will purchase 224,300 private units for $2,243,000. A 15% redemption cap applies if there is a shareholder vote. There is no business combination target identified. The filing discloses significant China-related risks since most officers and the sponsor's sole shareholder are outside the U.S. Why it matters: This is the IPO filing for a new SPAC, establishing the trust value ($10.00/share), the 12-month deadline, the sponsor's highly dilutive founder shares ($0.01-$0.0087 cost vs. $10.00 public), and the default rules for redemptions and liquidation. It signals the start of the redemption calendar. The China-ties disclaimer warns of jurisdiction and enforcement issues that could affect shareholder rights and deal completion. The sponsor's low cost basis creates a strong incentive to complete any deal before the deadline.
What changed: Draft Form S-1 registration statement and preliminary prospectus for an initial public offering. Why it matters: The prospectus calculates immediate dilution of 19.8% ($1.65 per share) based on public shareholders paying $8.33 (allocated unit price) while founders acquired 2,875,000 shares for $25,000 (approximately $0.0087 per share). According to the filing, insiders control approximately 21.24% of the converted share count, granting them disproportionate voting power over extension amendments and business combinations, which could trigger redemptions up to the 15% limit or force liquidation upon the 18-month expiration.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.