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Southern Cross Acquisition I Corp.NCO

Class A NCOCIK 0002116230

Cash in trust

Not yet disclosed

Trust per share

Redemption value

IPO

Jul 2026

Combination deadline

Not disclosed

Filings on record

21

Latest Sep 2, 2026

Overview

Southern Cross Acquisition I Corp. is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002116230. It completed its initial public offering in Jul 2026 and listing on Nasdaq. Class A shares trade under the ticker NCO on Nasdaq. The vehicle is sponsored by Southern Cross through Southern Cross Acquisition I Sponsor Corp. IPO closed, trust funded, no definitive agreement announced.

Reading the filings

Arithmetic on what Southern Cross Acquisition I Corp. has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.

  • Warrant coverage

    Each unit carried one warrant per unit. Warrants are dilution deferred: they cost the holder nothing until exercised, and they overhang the post-combination share count. Thinner coverage is generally a sign of a stronger book at pricing.

  • Sponsor record

    Southern Cross has launched 2 vehicles, none of which has resolved yet, so there is no completion record to read.

  • Underwriting

    D. Boral Capital led the offering. It has been named on 28 SPAC IPOs, book-running 27 of them. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.

Scores

Recomputed 4m ago

Three readings of Southern Cross Acquisition I Corp., each an unweighted mean of the components shown beneath it, and each component a percentile against every live SPAC rather than an absolute we invented. They describe the setup, not the merit. How they are built

FOMO

Low

How much attention is this vehicle attracting right now?

7/100

  • Filing activity14

    1 in 30 days

  • News coverage0

    0 stories in 30 days

Attention is not quality. FOMO rises on news volume and on the market paying above trust, both of which have preceded plenty of disappointments.

Potential

Moderate

How likely is this vehicle to complete a combination, and at what scale?

33/100

  • Bank franchise26

    28 SPAC mandates

  • Stage40

    searching

Potential is about execution, not about the target. It says nothing about whether the eventual deal is worth owning, because the target is usually unknown when the score is computed.

These are derived measures, not ratings of investment merit. They carry no view on the target, no price target and no recommendation, and a high score is not a reason to buy anything.

News on Southern Cross Acquisition I Corp.

Last 90 days

News sentiment

Neutral
negativeneutralpositive

Across 1 recent story, weighted towards the newest. Scored by our own headline classifier using finance- and SPAC-specific terms. It reads what a story is about, not what the shares are worth.

SEC filing history

Free tier: filings older than 24 hours
  • 10-Q

    Quarterly report

    Accession 0001929980-26-000524

    Sep 2, 2026

    1d ago

    Open filing
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001929980-26-000397

    Jul 30, 2026

    1mo ago

    Open filing
  • SCHEDULE 13D

    Beneficial ownership report (activist)

    Accession 0001929980-26-000394

    Jul 30, 2026

    1mo ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001193125-26-321225

    Jul 28, 2026

    1mo ago

    Open filing
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001929980-26-000389

    Jul 28, 2026

    1mo ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001376474-26-000523

    Jul 27, 2026

    1mo ago

    Open filing
  • 4

    Statement of changes in beneficial ownership

    Accession 0001929980-26-000382

    Jul 24, 2026

    1mo ago

    Open filing
  • 8-K

    Entry into a material definitive agreement; Other events

    Items 1.01, 3.02, 5.02, 5.03, 8.01, 9.01 · Accession 0001929980-26-000375

    Jul 23, 2026

    1mo ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001846718-26-000012

    Jul 22, 2026

    1mo ago

    Open filing
  • 424B4

    Final IPO prospectus

    Accession 0001929980-26-000373

    Jul 21, 2026

    1mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001929980-26-000370

    Jul 21, 2026

    1mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001929980-26-000369

    Jul 21, 2026

    1mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001929980-26-000368

    Jul 21, 2026

    1mo ago

    Open filing
  • EFFECT

    Notice of effectiveness

    Accession 9999999995-26-002362

    Jul 21, 2026

    1mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001929980-26-000359

    Jul 20, 2026

    1mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001929980-26-000358

    Jul 20, 2026

    1mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001929980-26-000357

    Jul 20, 2026

    1mo ago

    Open filing
  • CERT

    Exchange listing certification

    Accession 0001354457-26-000701

    Jul 20, 2026

    1mo ago

    Open filing
  • 8-A12B

    Registration of securities on an exchange

    Accession 0001929980-26-000339

    Jul 15, 2026

    1mo ago

    Open filing
  • S-1

    Registration statement for the initial public offering

    Accession 0001929980-26-000257

    Jun 12, 2026

    2mo ago

    Open filing
  • DRS

    Draft registration statement (confidential)

    Accession 0001929980-26-000163

    Apr 15, 2026

    4mo ago

    Open filing

Southern Cross Acquisition I Corp.: questions answered

What is Southern Cross Acquisition I Corp. (NCO)?

Southern Cross Acquisition I Corp. is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002116230. It completed its initial public offering in Jul 2026 and listing on Nasdaq. Class A shares trade under the ticker NCO on Nasdaq. The vehicle is sponsored by Southern Cross through Southern Cross Acquisition I Sponsor Corp. IPO closed, trust funded, no definitive agreement announced.

How much does Southern Cross Acquisition I Corp. hold in trust?

No trust balance has been disclosed in a filing we have indexed for Southern Cross Acquisition I Corp.. For a newly priced IPO this is normal: the figure first appears in the quarterly report after closing.

When must Southern Cross Acquisition I Corp. complete a merger?

No combination deadline appears in the filings we have indexed. The date is stated in the charter and repeated in each quarterly report; where our parser could not establish it with confidence we leave it blank rather than infer one.

What happens if Southern Cross Acquisition I Corp. does not find a target in time?

The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.

Can I redeem shares in Southern Cross Acquisition I Corp., and at what price?

Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.

What tickers does Southern Cross Acquisition I Corp. trade under?

Class A shares trade as NCO on Nasdaq. Units trade first and separate into their component securities roughly 52 days after the IPO; only the Class A shares carry the redemption right against the trust.

Is the trust value the same as the share price for Southern Cross Acquisition I Corp.?

No. Trust per share is a disclosed, contractual figure: what a redeeming holder receives. The market price is whatever the shares change hands at, which can sit above the trust when a deal is well received or below it when the market doubts one will close. We do not have a current quote for this vehicle, so no spread is shown.

How much dilution do Southern Cross Acquisition I Corp.'s founder shares and warrants create?

Each unit also carried one warrant per unit, which is dilution deferred until exercise. Both are disclosed in the prospectus and both survive into the combined company, which is why a de-SPAC at $10 is not economically the same as an IPO at $10.

Who sponsors Southern Cross Acquisition I Corp., and what is their track record?

Southern Cross Acquisition I Sponsor Corp is the sponsor entity, part of the Southern Cross franchise. That franchise has launched 2 vehicles in total, none of which has resolved yet. Named principals: Ally Tong Zhang.

Which banks underwrote the Southern Cross Acquisition I Corp. IPO?

D. Boral Capital, Webull Financial. D. Boral Capital was credited as book-running manager on the cover. Syndicate membership and role are read from the prospectus cover and the underwriting section.

Is Southern Cross Acquisition I Corp. tradeable, and where?

Yes. NCO returned a live quote of $9.92 on Nasdaq. Quotes here are delayed and refreshed on a schedule rather than streamed, so treat the figure as indicative and confirm on your own venue. Units and warrants trade under their own symbols and are quoted separately.

Is Southern Cross Acquisition I Corp. a good investment?

That is not a question this site answers. Southern Cross Acquisition I Corp. is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.

Where does this Southern Cross Acquisition I Corp. data come from?

Filings Southern Cross Acquisition I Corp. submitted to the SEC under CIK 0002116230: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.

Compiled by the SPACListing research desk

Last reconciled Sep 4, 2026

Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.

Read the full methodology · What is in the dataset · Report a correction

SPACListing is a reference-data service, not an investment adviser. Nothing here is a recommendation to buy or sell any security.

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The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.