# Southern Cross Acquisition I Corp. — capital_raise/private_placement [announced]
Source: SEC API (secapi.ai) · situation sit_3f595252f0b1bd45f400 · retrieved 2026-08-12T21:25:48.002Z

## Overview
Southern Cross Acquisition I Corp. is a blank-check company formed to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities.

Southern Cross Acquisition I Corp., a Cayman Islands blank-check company, consummated its initial public offering on July 22, 2026, selling 11,500,000 units (including full exercise of the underwriters' 1,500,000-unit over-allotment option) at $10.00 per unit for gross proceeds of $115,000,000. Each unit consists of one ordinary share, one redeemable warrant (exercisable at $11.50 per share), and one right (entitling the holder to one-fourth of an ordinary share upon completion of a business combination). Concurrently, the company's sponsor, Southern Cross Acquisition I Sponsor Corp., purchased 239,300 private units at $10.00 per unit for gross proceeds of $2,393,000, with identical terms to the public units. Total gross proceeds from the IPO and private placement were $117,393,000.

## Terms
- Counterparty: D. Boral Capital LLC (Representative of Underwriters); Southern Cross Acquisition I Sponsor Corp. (Sponsor) · Deal value: $117.4M · Consideration: cash · Price/share: $10

## Key dates
- Announced 2026-07-23

## Timeline
- 2026-07-23 · 8-K (0001929980-26-000375): 8-K - Southern Cross Acquisition I Corp. — *Southern Cross Acquisition I Corp. is a Cayman Islands exempted company formed as a blank-check acquisition vehicle to identify and complete an initial business combination with an unidentified target business.* Southern Cross Acquisition I Corp., a Cayman Islands exempted company, completed its initial public offering on July 22, 2026, selling 11,500,000 units (including full exercise of the underwriters' 1,500,000-unit over-allotment option) at $10.00 per unit for gross proceeds of $115,000,000. Each unit consists of one ordinary share, one redeemable warrant exercisable at $11.50 per share, and one right to receive one-fourth of an ordinary share upon completion of an initial business combination. Concurrently, the Company's sponsor, Southern Cross Acquisition I Sponsor Corp., purchased 239,300 private units at $10.00 per unit for $2,393,000. The registration statement was declared effective on July 20, 2026, and the units began trading on the Nasdaq Global Market under ticker NCOOU.
  https://www.sec.gov/Archives/edgar/data/2116230/0001929980-26-000375.txt
- 2026-07-28 · 8-K (0001929980-26-000389): 8-K - Southern Cross Acquisition I Corp. — *Southern Cross Acquisition I Corp. is a blank-check company formed to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities.* Southern Cross Acquisition I Corp., a Cayman Islands blank-check company, consummated its initial public offering on July 22, 2026, selling 11,500,000 units (including full exercise of the underwriters' 1,500,000-unit over-allotment option) at $10.00 per unit for gross proceeds of $115,000,000. Each unit consists of one ordinary share, one redeemable warrant (exercisable at $11.50 per share), and one right (entitling the holder to one-fourth of an ordinary share upon completion of a business combination). Concurrently, the company's sponsor, Southern Cross Acquisition I Sponsor Corp., purchased 239,300 private units at $10.00 per unit for gross proceeds of $2,393,000, with identical terms to the public units. Total gross proceeds from the IPO and private placement were $117,393,000.
  https://www.sec.gov/Archives/edgar/data/2116230/0001929980-26-000389.txt

## Citations
- 0001929980-26-000375 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000192998026000375
- 0001929980-26-000389 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000192998026000389