Southern Cross Acquisition II Corp.
SCAT
NO ACTION REQUIRED
Nothing required today
No redemption election is on file for this SPAC. A date appears here the day one is filed.
Cash per share
The figure arrives with the next 10-Q. No estimate is shown in its place.
Last close
Daily close
No price history on file yet — daily closes accumulate from the market data feed.
SpacBrain’s read
Floor not confirmed
No redemption window has closed — but no dated redemption election is on file for this name either, so we cannot show you a date to act by.
What we do have: no window has closed, and no company deadline is on file either. The full chain of evidence is under Evidence.
In plain terms
- What it is
- A SPAC, listed in August 2026.
- What it's doing now
- It is still looking: no purchase has been announced, and no deadline for agreeing one is on file with us.
- What you should know
- We have no filed date on which you could claim the cash back, so we cannot tell you a day to act by. That is a gap in the public record, not a statement that the right has gone.
At a glance
- Where it stands
- Searching
- Merging with
- No target announced — still searching.
- Industry
- no filing we hold states a sector this SPAC restricted its search to
- Deal value
- not stated in the filings we hold
- Price vs cash floor
- no live price on file
- Cash left in trust
- not yet extracted into a snapshot — the filings below may state it
- IPO
- 26 August 2026
- size not on file · 100.0% of each $10 unit into trust
- Headquarters
- 1412 BROADWAY, 21ST FLOOR SUITE 21V, NEW YORK, NY, 10018
- registered in the Cayman Islands
- Lead underwriter
- not extracted from the prospectus yet
- Key officers
- Du Zhiqiang (Director) · Zhang Ally Tong (Chief Executive Officer) · Yu Peizhong
- Listed securities
- SCAT common · SCATU unit $10.03
The figure arrives with the next 10-Q's XBRL. No estimate is shown in its place.
Nothing dated is on file. That is an absence in our record, not a statement that nothing is coming.
Yield to redemption
No dated redemption window on file — no yield to compute.
No price on file — nothing to buy at. An unsourced date would make the yield look filed when it is not.
What is protecting this price
The reasoning behind the verdict above, in the order the filings establish it.
- No dated redemption election is on file for this name. That is an absence in the record, not proof that the right has gone — but it does mean this page cannot tell you a day to act by.
- Cash per share for this window has not been filed yet. Until it is, the size of the floor is unknown — we will not print an estimate in its place.
What has happened, and what is coming
1 dated milestoneEvery dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.
- 26 August 2026IPOpassed
IPO size not on file
The score
deterministic, from filed fieldsSCAT is not in the scored universe, so no score is shown. A withheld score is a fact about the record, not a verdict about the company.
The score is only published for names that carry both a price and a filed cash-per-share figure — 292 of the tracked fleet today. The rest keep an empty dial rather than a modelled one, and fill in by themselves as the fields land.
The company
from SEC filingsRead the full profile
Southern Cross Acquisition II Corp. is a Cayman Islands-exempted blank check company incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The company's efforts to identify a prospective target business are not limited to a particular industry or geographic region, though because of its significant ties to China, it may pursue opportunities in China, including Hong Kong and Macau. The company is headquartered at 1412 Broadway, 21st Floor, Suite 21V, New York, NY 10018, and its common shares trade under the ticker SCAT.
The company's initial public offering was registered with the SEC on July 8, 2026, with an offering size of $100,000,000 consisting of 10,000,000 units priced at $10.00 per unit. Each unit comprises one ordinary share, one redeemable warrant exercisable at $11.50 per share, and one right entitling the holder to receive one-fourth (1/4) of one ordinary share upon consummation of a business combination. The underwriters, led by D. Boral Capital LLC, were granted a 45-day over-allotment option for up to 1,500,000 additional units. The trust account holds $10.00 per unit, and the company has 12 months from the closing of the offering to consummate its initial business combination, subject to potential extension by shareholder vote. The sponsor, Southern Cross Acquisition II Sponsor Corp. (a Cayman Islands entity whose sole shareholder is Peizhong Yu of Hong Kong), purchased 2,875,000 founder shares for $25,000 and committed to buy 195,300 private units (or up to 205,800 if over-allotment is fully exercised) at $10.00 per unit in a concurrent private placement totaling $1,953,000.
Chairwoman and Chief Executive Officer Ally Tong Zhang is based in New Zealand, Chief Financial Officer Xin Wang is based in China, and independent director nominees Hongmei Zhao, Wenhua Qian, and Zhiqiang Du are based in Hong Kong and Singapore, respectively. All executive officers and directors are located outside the United States, which may subject the company to CFIUS review and limit its pool of potential U.S. targets. The company may be considered a "foreign person" under CFIUS rules, potentially restricting its ability to complete a business combination with a U.S. target company. Prior to the offering, the sponsor loaned the company $228,683 under a promissory note (up to $500,000) to cover formation and offering expenses.
Material findings
from the full read of every filingEvery document this company files gets read whole — body and exhibits. These are the ones the read flagged as material, newest first, each citing its filing.
This filing confirms the successful closing of the SPAC's capital raise and the establishment of the trust account, which sets the baseline value for public shareholders' redemption rights and defines the capital available for the initial business combination.
Filings
live EDGAR feedEverything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.
What changed: Southern Cross Acquisition II Corp. consummated its IPO on August 27, 2026, selling 7,652,630 units at $10.00 each for $76,526,300 in gross proceeds, and sold 224,932 private units to its Sponsor and the underwriter representative for $2,249,320. A total of $76,717,616 was placed into a trust account with Equiniti Trust Company, LLC, as confirmed by an audited balance sheet dated August 27, 2026. Why it matters: This filing confirms the successful closing of the SPAC's capital raise and the establishment of the trust account, which sets the baseline value for public shareholders' redemption rights and defines the capital available for the initial business combination.
What changed: Southern Cross Acquisition II Corp. (SCAT) consummated its initial public offering on August 27, 2026, selling 7,652,630 units at $10.00 per unit for gross proceeds of $76,526,300, and simultaneously sold 224,932 private units to its Sponsor and the underwriter's representative for $2,249,320. Approximately $76,717,616 was placed in a trust account. The filing also reports that three independent directors—Hongmei Zhao, Wenhua Qian, and Zhiqiang Du—were appointed effective August 26, 2026, with Zhiqiang Du designated as an audit committee financial expert and chair, and Hongmei Zhao as compensation committee chair. Additionally, the Sponsor transferred founder shares to officers Ally Tong Zhang and Xin Wang and the new independent directors. Why it matters: This filing confirms the completion of the SPAC's capital raise, establishing the trust value ($76,717,616) and the number of public shares subject to redemption rights. It defines the governance structure by appointing specific independent directors and assigning committee roles, which is critical for oversight of the upcoming business combination. The document sets the 12-month deadline for completing an initial business combination or facing liquidation/redemption of public shares, and details the lock-up and waiver agreements for the underwriter's shares, impacting future supply dynamics and sponsor alignment.
Show the other 8 filings
The sponsor
The people who set this company up, what they have done before, and the advisers around the deal.
No sponsor entity is named in the filings parsed for this SPAC so far.
A missing score, not a score of zero — why
A Sponsor Score is only published once the sponsor’s prior vehicles have been verified on EDGAR and their post-close outcomes priced. That record does not exist for this sponsor yet, so no number and no tier is shown. That is a missing score, not a score of zero — and not a neutral 50 either.
Coverage so far: 301 of 1282 tracked SPACs (23%) are attached to a scored sponsor. This card fills in by itself as the research lands.
The record
The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.
Show the reference detail
Unit structure
Unit: U = S + W + R/4 · 100.0% of the $10 unit
from 424B4 0001929980-26-000507
as of 10 September 2026
Trading & liquidity
Company profile
Directors & officers
- Du ZhiqiangDirector
- Zhang Ally TongChief Executive Officer
- Yu Peizhong10% owner
- Wang Xin BobChief Financial Officer
- Zhao HongmeiDirector
- Qian WenhuaDirector
Sources on file
harvested pages, kept in fullEvery public page we have read about this company, stored in full so a source can never go missing.
Show the sources
4 full SEC filing texts archived — searchable, never lost.
- Vault note — SCAT (Southern Cross Acquisition II Corp.)
vault-note · /vault/tickers/SCAT
- Vault note — CIK2133239 (Southern Cross Acquisition II Corp.)
vault-note · /vault/tickers/CIK2133239
In plain English
tap a term to open itEvery piece of jargon this page could have used, and what it actually means.
Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected
A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.
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.
Broker action datethe day your broker needs the instruction — earlier than the official date
Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.
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.
Trust discountbuying below the cash held for you
Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.
Dilutionhow much of the company new shares take from you
Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.
Pro-forma equitywhat the company is valued at once the deal closes
The combined company's equity value assuming the announced terms and the redemptions that have actually happened.
ARShow much upside you get per unit of downside
SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.
De-SPACthe day the SPAC becomes the real company
The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.
Outside datethe contractual long-stop for closing the deal
A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.
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.
Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since
A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.
Ask the brain
from its filingsData provenance & audit trail2 internal entries
Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.
registered from 424B4 — pre-listing, ticker TBD, VERIFY it is a SPAC
CIK2133239 → SCAT from SEC submissions