Southern Cross Acquisition I Corp. (NASDAQ: NCO) is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands and headquartered in New York. The company went public in July 2026, raising $115 million in its initial public offering. As a blank check company, it does not have any current operations or generate operating revenue. Its sole business model is to identify and complete a business combination with an operating company, effectively taking the target company public. The SPAC is not limited to a specific industry or geographic region, but its management team intends to leverage its expertise to pursue potential targets in the Asia-Pacific region, particularly in China, Hong Kong, and Macau. Until a business combination is consummated, the company's assets are held in a trust account and invested in U.S. government securities or money market funds.
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