Southern Cross Acquisition I Corp. - Units (NCOOU)

10.04
+0.01 (0.10%)
NASDAQ· Last Trade: Jul 30th, 2:21 PM EDT
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Southern Cross Acquisition I Corp. Announces the Separate Trading of its Ordinary Shares, Warrants and Rights, Commencing on July 31, 2026
NEW YORK CITY, NY / ACCESS Newswire / July 29, 2026 / Southern Cross Acquisition I Corp. (the "Company") (NASDAQ:NCO), a blank check company, today announced that, commencing on July 31, 2026, holders of 11,500,000 units (the "Units") sold in the Company's initial public offering (the "Offering"), may elect to separately trade the ordinary shares, warrants, and rights included in the Units. Any Units not separated will continue to trade on the NASDAQ Global Market ("NASDAQ") under the symbol "NCOOU." Any underlying ordinary shares, warrants, and rights that are separated will trade on the NASDAQ under the symbols "NCO," "NCOOW," and "NCOOR," respectively. Holders of Units will need to have their brokers contact the Company's transfer agent, Continental Stock Transfer & Trust Company, in order to separate the holders' Units into ordinary shares, warrants, and rights.
D. Boral Capital Acted as Sole Bookrunner to Southern Cross Acquisition I Corp. (NASDAQ:NCOOU) in Connection with its $115,000,000 Initial Public Offering
NEW YORK CITY, NY / ACCESS Newswire / July 29, 2026 / On July 22, 2026, Southern Cross Acquisition I Corp. (NASDAQ:NCOOU) (the "Company"), a Cayman Islands exempted company, announced the closing of its initial public offering of 11,500,000 units at $10.00 per unit, which includes the full exercise of the underwriters' option to purchase an additional 1,500,000 units to cover over-allotments. The gross proceeds from the offering were $115,000,000 before deducting underwriting discounts and estimated offering expenses. The units are listed on the Nasdaq Global Market ("Nasdaq") and began trading under the ticker symbol "NCOOU" on July 21, 2026. Each unit consists of one ordinary share, one redeemable warrant, and one right to receive one-fourth of one ordinary share upon consummation of an initial business combination. Each redeemable warrant entitles the holder thereof to purchase one ordinary share at an exercise price of $11.50 per share. Once the securities comprising the units begin separate trading, the ordinary shares, warrants and rights are expected to be listed on Nasdaq under "NCO," "NCOOW," and "NCOOR," respectively.
By D. Boral Capital · Via ACCESS Newswire · July 29, 2026
Southern Cross Acquisition I Corp. Announces Closing of $115,000,000 Initial Public Offering
NEW YORK CITY, NY / ACCESS Newswire / July 22, 2026 / Southern Cross Acquisition I Corp. (NASDAQ:NCOOU) (the "Company"), a Cayman Islands exempted company, announced today the closing of its initial public offering of 11,500,000 units at $10.00 per unit, which includes the full exercise of the underwriters' option to purchase an additional 1,500,000 units to cover over-allotments. The gross proceeds from the offering were $115,000,000 before deducting underwriting discounts and estimated offering expenses. The units are listed on the Nasdaq Global Market ("Nasdaq") and began trading under the ticker symbol "NCOOU" on July 21, 2026. Each unit consists of one ordinary share, one redeemable warrant, and one right to receive one-fourth of one ordinary share upon consummation of an initial business combination. Each redeemable warrant entitles the holder thereof to purchase one ordinary share at an exercise price of $11.50 per share. Once the securities comprising the units begin separate trading, the ordinary shares, warrants and rights are expected to be listed on Nasdaq under "NCO," "NCOOW," and "NCOOR," respectively.