Southern Cross Acquisition II’s (NASDAQ:SCATU – Get Free Report) quiet period will end on Monday, October 5th. Southern Cross Acquisition II had issued 7,500,000 shares in its initial public offering on August 26th. The total size of the offering was $75,000,000 based on an initial share price of $10.00. During Southern Cross Acquisition II’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
Southern Cross Acquisition II Price Performance
Shares of NASDAQ SCATU opened at $10.03 on Friday. Southern Cross Acquisition II has a one year low of $9.99 and a one year high of $11.00.
Southern Cross Acquisition II Company Profile
Southern Cross Acquisition II is a blank-check company, also known as a special purpose acquisition company (SPAC), whose publicly traded units are listed on the Nasdaq under the symbol SCATU. The company was formed to raise capital through an initial public offering and place those funds in a trust account while it searches for a business combination.
Southern Cross Acquisition II does not operate a conventional commercial business and does not currently offer products or services to customers.
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