Southern Cross Acquisition II’s (NASDAQ:SCATU – Get Free Report) quiet period will expire on Monday, October 5th. Southern Cross Acquisition II had issued 7,500,000 shares in its IPO on August 26th. The total size of the offering was $75,000,000 based on an initial share price of $10.00. During the company’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
Southern Cross Acquisition II Stock Performance
Shares of NASDAQ:SCATU opened at $10.04 on Friday. Southern Cross Acquisition II has a 12 month low of $9.99 and a 12 month high of $11.00.
About Southern Cross Acquisition II
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.
Featured Articles
- Five stocks we like better than Southern Cross Acquisition II
- Everyone in AI Is Quietly Copying Palantir’s Playbook
- Advanced Micro Devices Is Spending $8.2 Billion to Learn What AI Needs Next
- JPMorgan Bets on Genius Sports as the Market Loses Patience
- Apple’s $5.7 Billion Patent Verdict Raises a Bigger Royalty Question
Receive News & Ratings for Southern Cross Acquisition II Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern Cross Acquisition II and related companies with MarketBeat.com's FREE daily email newsletter.
