Southern Cross Acquisition II Sponsor Corp. sold SCAT
November 2, 2026 · Form 4 insider transaction
Southern Cross Acquisition II Sponsor Corp. sold 324,123 shares of SCAT at $0.00 per share, a transaction worth N/A. The trade was recorded as j and disclosed on an SEC Form 4.
Footnotes
On November 2, 2026, 324,123 ordinary shares of the Issuer held by the Sponsor were forfeited without consideration following the underwriter's partial exercise of its over-allotment option.; Southern Cross Acquisition II Sponsor Corp., a Cayman Islands exempted company (the "Sponsor"), is the record holder of the securities reported herein. Peizhong Yu is the sole member and director of the Sponsor, which entitles him to voting, dispositive or investment power over the Sponsor. As such, Peizhong Yu is deemed to have voting and dispositive rights over the securities of Southern Cross Acquisition II Corp. (the "Issuer") held by the Sponsor.; Including (i) 2,495,877 ordinary shares of the Issuer acquired by the Sponsor prior to the IPO, and (ii) 205,800 ordinary shares underlying the private units (the "Private Units") of the Issuer acquired by the Sponsor in a private placement simultaneously with the consummation of the initial public offering of the Issuer. Each Private Unit consists of one ordinary share, one redeemable warrant, and one right to receive one-fourth (1/4) of one ordinary share.