Lower Cross Acquisitions Corp Filed SPAC Primary

What the company does

Lower Cross Acquisitions Corp is a newly organized blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company has not selected any business combination target and has not initiated substantive discussions with any target. It intends to initially focus its search on identifying a prospective target business in the healthcare, healthcare-related, or insurance industries in the United States and other developed countries.

Use of proceeds

Of the proceeds from this offering and the sale of the private placement units, $200 million (or $230 million if the over-allotment option is exercised in full), representing $10.00 per unit, will be deposited into a U.S.-based trust account with Continental Stock Transfer & Trust Company as trustee, and $2 million will be available to pay fees and expenses in connection with the closing of this offering and for working capital following the closing of this offering. The proceeds in the trust account will not be released until the earliest to occur of completion of the initial business combination, redemption of public shares in connection with certain amendments to the company's constitutional documents, or redemption of all public shares if the company is unable to complete a business combination within the completion window.

Underwriters

Extracted from S-1 0001185185-26-004071, filed Sep 16, 2026 and verified against that filing text.

Key risk factors

• Public shareholders may not have a meaningful vote on the business combination

  “Our public shareholders may not be afforded an opportunity to vote on our proposed business combination, and (i) even if we hold a vote, holders of our founder shares will participate in such vote, which means we may complete our initial business combination even though a majority of our public shareholders do not support such a combination and (ii) if the non-managing sponsor investors purchase the full amount of the units for which they have expressed an interest and vote in favor of an initial business combination, we may not need any public shares sold to other investors in this offering to be voted in favor of the initial business combination for it to be completed.”