Southern Cross Acquisition II Corp. Form SCHEDULE 13D/A — Nov 4, 2026
The sponsor of Southern Cross Acquisition II Corp. and its sole shareholder Peizhong Yu filed Amendment No. 1 to their Schedule 13D, reporting beneficial ownership of 2,701,677 ordinary shares, or approximately 25.53% of the 10,581,492 shares outstanding as of November 4, 2026. The amendment reflects 324,123 founder shares forfeited without consideration on November 2, 2026 after the underwriter's partial exercise of its over-allotment option, along with earlier transfers of founder shares to the CEO, CFO, and three independent directors.
Key figures
- Shares Outstanding
- 10581492
- Percent Owned
- 25.53%
- Founder Shares Issued
- 2875000
- Warrant Exercise Price
- $11.50
- Private Placement Units
- 205800
- Forfeited Founder Shares
- 324123
- Beneficially Owned Shares
- 2701677
- Founder Share Aggregate Price
- $25,000
- Founder Shares Transferred To CEO
- 15000
- Founder Shares Transferred To CFO
- 10000
AI analysis
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