SC II Acquisition Corp.

What they do

SC II Acquisition Corp. is a Cayman Islands exempted company incorporated on June 30, 2025, for the purpose of effecting a business combination with one or more businesses. The company has not selected any target and has generated no operating revenues to date. Its sponsor is SC Capital II Sponsor LLC. Management is focused on searching for and consummating an initial business combination.

Revenue drivers

• No operating revenue — The company has no operating businesses or products and has generated no operating revenues to date.
• Initial Public Offering proceeds — Gross proceeds of $172.5 million from the IPO of 17,250,000 units at $10.00 each.
• Private Placement proceeds — Gross proceeds of $2.55 million from the sale of 255,000 Private Placement Units to the sponsor at $10.00 each.
• Trust Account — $172.5 million of proceeds placed in trust, to be used for the business combination or redemption.

Recent performance

As of March 31, 2026, total assets were $175.7 million and shareholder equity was $936,732. Cash and equivalents were $930,741. The company has incurred costs related to organizational activities and the IPO but has no operating revenues. Net proceeds from the IPO and private placement fund operations and the trust account.

Strategy

The company is searching for a business combination target, focusing on mid-stage growth assets or mature assets generating positive cash flow. Management may consider extending the combination period by up to two additional three-month periods without shareholder approval. The sponsor may also consider selling its interest in the company to another sponsor entity.

Risks

• No target selected — The company has not selected any business combination target as of the latest filing.
• Combination deadline — If no business combination is completed by May 25, 2027 (unless extended to November 25, 2027), the company will liquidate and distribute trust assets.
• Nasdaq delisting risk — Failure to complete a business combination within Nasdaq's 36-month requirement may lead to suspension and delisting of securities.
• Early stage no revenue — As a blank check company, it has no operating revenues and expects to incur significant costs in pursuit of acquisition plans.

Outlook

Management expects to continue incurring significant costs in pursuit of a business combination. There is no assurance the company will successfully complete a transaction. The combination period runs through May 25, 2027, with possible extensions to November 25, 2027.