Monitor for the first day of trading and any subsequent public filings announcing the pricing and closing of the IPO. The SPAC's ability to identify and consummate a business combination within 12 months will be the primary driver of long-term value. Watch for any early indications of a target acquisition.
Price Chart
Executive Summary
The SEC declared effective the S-1 registration statement for Southern Cross Acquisition I Corp.'s initial public offering of 10,000,000 units at $10.00 per unit, each unit consisting of one ordinary share, one redeemable warrant, and one right to receive one-fourth of an ordinary share. The SPAC has 12 months from closing to consummate a business combination, and D. Boral Capital LLC has a 45-day over-allotment option for up to 1,500,000 additional units. The stock is expected to begin trading in the near term.
Key Facts
- IPO of 10,000,000 units at $10.00 per unit, with an over-allotment option for up to 1,500,000 additional units.
- Each unit consists of one ordinary share, one redeemable warrant (exercise price $11.50), and one right to receive one-fourth of one ordinary share.
- Gross proceeds of $100,000,000 from the base offering, potentially up to $115,000,000 including the over-allotment.
- Company has 12 months from closing to complete an initial business combination.
- Underwriters: D. Boral Capital LLC (representative).
Financial Impact
Up to $115 million in gross proceeds from the IPO (including over-allotment).
Risk Factors
- Failure to identify and complete a business combination within 12 months could lead to liquidation and loss of capital.
- Dilution from warrants and rights may pressure share price post-redemption.
- Limited operating history and no existing business operations.
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| EFFECT Filing (Primary) | 9999999995-26-002362 |
| Document: 9999999995-26-002362-index.html | 9999999995-26-002362 |
| Document: 9999999995-26-002362.txt | 9999999995-26-002362 |
US Market Status
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