EX-99.1 2 scacii_ex991.htm AUDITED BALANCE SHEET scacii_ex991.htm EXHIBIT 99.1 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and Shareholders of Southern Cross Acquisition II Corp. Opinion on the Financial Statements We have audited the accompanying balance sheet of Southern Cross Acquisition II Corp. (the Company) as of August 27, 2026, and the related notes (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of August 27, 2026, in conformity with accounting principles generally accepted in the United States of America. Substantial Doubt about the Company’s Ability to Continue as a Going Concern The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As more fully described in Note 1 to the financial statements, the Company is a Special Purpose Acquisition Corporation that was formed for the purpose of completing a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more busi…
Open exhibit ↗Current Report · Items 8.01, 9.01 · 8-K
Southern Cross Acquisition II Corp.
SCATNASDAQEQUITYCurrent
Other Events
Item 8.01 Other Events. On August 27, 2026, Southern Cross Acquisition II Corp., a Cayman Islands exempted company (the “Company”) consummated its initial public offering (the “IPO”) of 7,652,630 units (the “Units”), which includes the partial exercise of the underwriters’ option to purchase an additional 152,630 Units to cover over-allotments.…
Company context
We are a blank check company incorporated in the Cayman Islands on September 30, 2025 as an exempted company with limited liability (meaning that our public shareholders have no liability, as shareholders of our company, for the liabilities of our company over and above the amount paid for their shares). We were formed 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, which we refer to as a “target business.” Our efforts to identify a prospective target business will not be limited to a particular industry or geographic location. Because of our significant ties to China, we may pursue opportunities in China (including Hong Kong and Macau). Due to the relevant PRC laws and regulations against foreign ownership of and investment in certain assets and industries, known as restricted industries, which including but not limited to, value-added telecommunications services (inclusive of internet content providers), we may have a limited pool of acquisition candidates we may acquire in China. We do not have any specific business combination under consideration and we have not (nor has anyone on our behalf), directly or indirectly, contacted any prospective target business or had any substantive discussions, formal or otherwise, with respect to such a transaction. Additionally, we have not engaged or retained any agent or other representativ
Current securities
Recent company filings
- Other EventsOct 6, 2026
- SCHEDULE 13D - filed by Southern Cross Acquisition II Sponsor Corp. regarding Southern Cross Acquisition II Corp.Aug 31, 2026
- Entry into a Material Definitive Agreement · Unregistered Sales of Equity Securities · Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · Other EventsAug 27, 2026
- 424B4 filingAug 26, 2026
- EFFECT filingAug 25, 2026