SC II Acquisition Corp announced that holders of the units sold in the initial public offering can now separately trade the Class A ordinary shares and rights included in the units.
The separated Class A ordinary shares will trade under the symbol 'SCII' and the rights under the symbol 'SCIIR' on the Nasdaq Global Market.
Units not separated will continue to trade under the symbol 'SCIIU'.
Purpose of the Company
SC II Acquisition Corp was formed as a blank check company with the objective of executing a merger, acquisition, or a comparable business combination irrespective of industry or geographical constraints.
Sponsor Information
The sponsor of SC II Acquisition Corp is under the management of Nukkleus Defense Technologies, Inc., a wholly-owned subsidiary of Nukkleus Inc (Nasdaq: NUKK). This affiliation provides SC II Acquisition Corp with strategic support and resources for pursuing potential mergers or acquisitions.
Forward-Looking Statements
The press release contains forward-looking statements regarding unit separation and potential business combinations, contingent on various conditions and factors that may impact the execution of these transactions.
- The decision to allow separate trading of Class A ordinary shares and rights enhances flexibility for holders to transact independently, potentially increasing liquidity and trading activity.
- By enabling separate trading, SC II Acquisition Corp opens doors to a diverse investor base seeking specific investment opportunities in the company, potentially attracting new interest and driving trading volume.
SC II Acquisition Corp's initiative to permit separate trading of Class A ordinary shares and rights signifies a calculated strategy to boost market liquidity and accommodate a wider range of investor preferences, potentially expanding the company's investor base and trading dynamics.