NEW YORK CITY, NY / ACCESS Newswire / July 20, 2026 / Southern Cross Acquisition I Corp. (NASDAQ:NCOOU) (&#34;NCO&#34;) announced the pricing of its initial public offering (the &#34;IPO&#34;) of 10,000,000 units at

<p><strong id="dateline">NEW YORK CITY, NY / <a href='https://www.accessnewswire.com/'>ACCESS Newswire</a> / July 20, 2026 / </strong>Southern Cross Acquisition I Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/NCOOU">NCOOU</a>) ("NCO") announced the pricing of its initial public offering (the "IPO") of 10,000,000 units at $10.00 per unit. The units are expected to trade on the Nasdaq Global Market ("Nasdaq") under "NCOOU" beginning 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 whole 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.</p><p>D. Boral Capital LLC is acting as sole book-running manager of the offering. The underwriters have a 45-day option to purchase up to 1,500,000 additional units to cover any over-allotments.</p><p>The offering is expected to close on July 22, 2026, subject to customary closing conditions.</p><p>A registration statement on Form S-1 (File No. 333-296723) for these securities has been filed with the U.S. Securities and Exchange Commission (the "SEC") and was declared effective by the SEC on July 20, 2026. The offering is made only by means of a prospectus. Copies of the prospectus may be obtained from D. Boral Capital LLC, 590 Madison Ave., 39th Floor, New York, New York 10022, by telephone at (212) 970-5150 or by email at <a rel="nofollow" href="mailto:dbccapitalmarkets@dboralcapital.com">dbccapitalmarkets@dboralcapital.com</a>. Copies of the registration statement can also be obtained by visiting EDGAR on the SEC's website at <a rel="nofollow" href="https://pr.report/nxwv">www.sec.gov</a>.</p><p>This press release shall not constitute an offer to sell or to buy, nor shall there be any sale where such offer, solicitation or sale would be unlawful prior to registration or qualification under the applicable securities laws.</p><p><strong>About Southern Cross Acquisition I Corp.</strong></p><p>NCO 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. NCO's target search will not be limited to a particular industry or geographic region.</p><p><i>Forward-Looking Statements</i></p><p><i>This press release contains "forward-looking statements," including statements regarding NCO's IPO. These statements are subject to risks and uncertainties that could cause actual results to differ materially. No assurance can be given that the offering will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, beyond NCO's control, including those in the Risk Factors section of NCO's registration statement filed with the SEC. Copies are available on the SEC's website, www.sec.gov. NCO disclaims any obligation to release publicly updates or revisions to any forward-looking statements to reflect any change in NCO's expectations, except as required by law.</i></p><p><strong>Contact</strong><br/>Southern Cross Acquisition I Corp.<br/>Ally Tong Zhang<br/>Chief Executive Officer<br/><a rel="nofollow" href="mailto:allyzhang@southerncross.cc">allyzhang@southerncross.cc</a></p><p><strong>SOURCE:</strong> Southern Cross Acquisition I Corp.</p><br/><br/>View the original <a href='https://www.accessnewswire.com/newsroom/en/banking-and-financial-services/southern-cross-acquisition-i-corp.-announces-pricing-of-100-million-1193664'>press release</a> on ACCESS Newswire<br/><br/>
      <img src="https://app.accessnewswire.com/img.ashx?id=1193664" width="0" height="0"/>

NCOOU

Southern Cross Acquisition I Corp. Announces Pricing of $100 Million Initial Public Offering

Southern Cross Acquisition I prices $100 million SPAC IPO; listing to begin July 21

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>NEW YORK CITY, NY / ACCESS Newswire / July 20, 2026 / Southern Cross Acquisition I Corp. (NASDAQ:NCOOU) (&amp;#34;NCO&amp;#34;) announced the pricing of its initial public offering (the &amp;#34;IPO&amp;#34;) of 10,000,000 units at</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Southern Cross Acquisition I Corp. priced its IPO at $10 per unit for 10 million units, with trading slated to start July 21, 2026. Each unit combines a share, a warrant exercisable at $11.50, and a right for 1/4 of a share upon a future business combination, with a greenshoe option for up to 1.5 million additional units. The market will evaluate the likelihood of a successful merger, potential dilution, and the ensuing capital structure changes.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>NCOOU priced IPO at $10 per unit for 10M units; trading begins July 21, 2026.</li><li>Each unit includes 1 share, 1 warrant, and 1/4 right upon business combination.</li><li>Warrant exercisable at $11.50; greenshoe allows up to 1.5M additional units.</li><li>Underwriter: D. Boral Capital; closing expected July 22, 2026.</li><li>SPAC aims for a merger; target undisclosed; market will assess deal progress and dilution risk.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Southern Cross Acquisition I Corp. (NCOOU)</strong>: Priced IPO at $10; 10M units; Nasdaq listing set for July 21, 2026; potential merger target.</li><li><strong>NCO (Nasdaq: NCO) (NCO)</strong>: Expected to separate from units once trading begins; underlying share exposure tied to deal terms.</li><li><strong>NCOOW (Nasdaq: NCOOW) (NCOOW)</strong>: Warrants to be separately listed; exercise price $11.50; optionality depends on merger outcome.</li><li><strong>NCOOR (Nasdaq: NCOOR) (NCOOR)</strong>: Rights to receive 1/4 of an ordinary share upon completion of a business combination.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The article details a SPAC IPO and anticipated merger trajectory, which are traditional corporate financing and deal-structure events that can influence implied dilution and optionality for NCOOU holders.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>NCOOU&#039;s Nasdaq listing on July 21, 2026 provides immediate liquidity and trading catalyst.</li><li>Warrants offer upside at $11.50, but dilution risk persists on merger terms.</li><li>Greenshoe for up to 1.5 million additional units could impact supply and momentum.</li><li>Deal outcomes and target visibility will drive early price action in NCOU-related securities.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Units offered: 10,000,000 at $10 each.</li><li>Trading start: July 21, 2026 on Nasdaq.</li><li>Underlying components: 1 share, 1 warrant, and 1/4 of a share right per unit.</li><li>Warrant exercise price: $11.50.</li><li>Greenshoe: up to 1,500,000 additional units.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Near-term liquidity from the IPO and warrants; long-term upside hinges on a successful business combination.</p>
  </section>
</section>


<p><strong id="dateline">NEW YORK CITY, NY / <a href='https://www.accessnewswire.com/'>ACCESS Newswire</a> / July 20, 2026 / </strong>Southern Cross Acquisition I Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/NCOOU">NCOOU</a>) ("NCO") announced the pricing of its initial public offering (the "IPO") of 10,000,000 units at $10.00 per unit. The units are expected to trade on the Nasdaq Global Market ("Nasdaq") under "NCOOU" beginning 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 whole 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.</p><p>D. Boral Capital LLC is acting as sole book-running manager of the offering. The underwriters have a 45-day option to purchase up to 1,500,000 additional units to cover any over-allotments.</p><p>The offering is expected to close on July 22, 2026, subject to customary closing conditions.</p><p>A registration statement on Form S-1 (File No. 333-296723) for these securities has been filed with the U.S. Securities and Exchange Commission (the "SEC") and was declared effective by the SEC on July 20, 2026. The offering is made only by means of a prospectus. Copies of the prospectus may be obtained from D. Boral Capital LLC, 590 Madison Ave., 39th Floor, New York, New York 10022, by telephone at (212) 970-5150 or by email at <a rel="nofollow" href="mailto:dbccapitalmarkets@dboralcapital.com">dbccapitalmarkets@dboralcapital.com</a>. Copies of the registration statement can also be obtained by visiting EDGAR on the SEC's website at <a rel="nofollow" href="https://pr.report/nxwv">www.sec.gov</a>.</p><p>This press release shall not constitute an offer to sell or to buy, nor shall there be any sale where such offer, solicitation or sale would be unlawful prior to registration or qualification under the applicable securities laws.</p><p><strong>About Southern Cross Acquisition I Corp.</strong></p><p>NCO 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. NCO's target search will not be limited to a particular industry or geographic region.</p><p><i>Forward-Looking Statements</i></p><p><i>This press release contains "forward-looking statements," including statements regarding NCO's IPO. These statements are subject to risks and uncertainties that could cause actual results to differ materially. No assurance can be given that the offering will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, beyond NCO's control, including those in the Risk Factors section of NCO's registration statement filed with the SEC. Copies are available on the SEC's website, www.sec.gov. NCO disclaims any obligation to release publicly updates or revisions to any forward-looking statements to reflect any change in NCO's expectations, except as required by law.</i></p><p><strong>Contact</strong><br/>Southern Cross Acquisition I Corp.<br/>Ally Tong Zhang<br/>Chief Executive Officer<br/><a rel="nofollow" href="mailto:allyzhang@southerncross.cc">allyzhang@southerncross.cc</a></p><p><strong>SOURCE:</strong> Southern Cross Acquisition I Corp.</p><br/><br/>View the original <a href='https://www.accessnewswire.com/newsroom/en/banking-and-financial-services/southern-cross-acquisition-i-corp.-announces-pricing-of-100-million-1193664'>press release</a> on ACCESS Newswire<br/><br/>
      <img src="https://app.accessnewswire.com/img.ashx?id=1193664" width="0" height="0"/>

Southern Cross Acquisition I Corp. priced its IPO at $10 per unit for 10 million units, with trading slated to start July 21, 2026. Each unit combines a share, a warrant exercisable at $11.50, and a right for 1/4 of a share upon a future business combination, with a greenshoe option for up to 1.5 million additional units. The market will evaluate the likelihood of a successful merger, potential dilution, and the ensuing capital structure changes.

Southern Cross Acquisition I Corp. Announces Pricing of $100 Million Initial Public Offering

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

Related News