Reported Earlier, Southern Cross Acquisition I Corp. Prices $100M Initial Public Offering Of 10M Units At $10.00 Each, Grants Underwriters Option For 1,500,000 More Units
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
A new investment company raised $100 million by selling 10 million packages (each with a stock, a warrant to buy more later, and a partial share promise) at $10 each. When you see a company doing this, it means they're getting money ready to find and buy another business, so watch to see what they actually buy next.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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