Southern Cross Acquisition I Corp. Listed SPAC Primary

What the company does

Southern Cross Acquisition I Corp. is a blank check company incorporated in the Cayman Islands as an exempted company with limited liability 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. The company's efforts to identify a prospective target business will not be limited to a particular industry or geographic region. Because of its significant ties to China, it may pursue opportunities in China (including Hong Kong and Macau). The company is an emerging growth company and will be subject to reduced public company reporting requirements.

Underwriters

Extracted from 424B4 0001929980-26-000373, filed Jul 21, 2026 and verified against that filing text.

Key risk factors

• China-based business combination risks

  “If we decide to consummate our initial business combination with a target business based in and primarily operating in China, the combined company may face various legal and operational risks and uncertainties after the business combination.”

• VIE structure uncertainties

  “If we consummate an initial business combination with a company conducting its business in the PRC, we may operate in the PRC primarily through our PRC subsidiaries. We may also adopt a series of contractual arrangements with variable interest entities in the PRC (the "VIEs"), in which case (i) the VIEs will be PRC-based operations companies and our PRC subsidiaries will be shell companies and (ii) investors in our securities will not and may never directly own equity interest in the VIEs but will instead hold equity interest in a holding company of our PRC subsidiaries.”

• PRC regulatory environment

  “Recently, the PRC government initiated a series of regulatory actions and statements to regulate business operations in China with little advance notice, including cracking down on illegal activities in the securities market, enhancing supervision over China-based companies listed overseas using a VIE structure, adopting new measures to extend the scope of cybersecurity reviews, and expanding the efforts in anti-monopoly enforcement.”

• Limited redemption window and business combination timing

  “We have 12 months from the closing of this offering to consummate our initial business combination.”

• Foreign management and geographic limitations

  “Our ability to complete a business combination may be impacted by the fact that certain of our officers and directors, and the sole shareholder of our sponsor, are located outside the United States including our Chief Financial Officer and a director, and the sole shareholder of our sponsor, who are located in Hong Kong, China.”

• Reliance on trust account and redemption limitations

  “The ability of a large number of our shareholders to exercise redemption rights may not allow us to consummate the most desirable business combination or optimize our capital structure.”