Southern Cross Acquisition II (SCAT) Stock: Why It Fell
Updated Oct 16, 2026, 4:00 PM ET · closing price
- Closed at $9.87, -0.30% vs the prior close of $9.90.
- Volume 2.50K shares, 0.0x its 50-day average (light).
- No new SEC filings since the prior session.
- No new insider buys or sales reported since the prior session.
SCAT dips 0.3% to $9.87. Closed at $9.87, -0.30% vs the prior close of $9.90. Day range $9.87–$9.89, opened at $9.87.
SCAT daily analysis — what happened
A plain-English, data-only note for every US trading day (today's note updates every 2 hours while the market is open). Newest first; older days stay archived below.
Oct 16, 2026 — SCAT dips 0.3% to $9.87
- Closed at $9.87, -0.30% vs the prior close of $9.90. Day range $9.87–$9.89, opened at $9.87.
- Volume was 2.55K shares, 0.0x its 50-day average of 133.18K — lighter than usual.
- 52-week range $9.87–$9.95; today's close sits at 0% of that range, 0.8% below the 52-week high.
Oct 15, 2026 — SCAT ends flat (+0.2%) to $9.90
- Closed at $9.90, +0.20% vs the prior close of $9.88. Day range $9.88–$9.90, opened at $9.88.
- Volume was 9.40K shares, 0.1x its 50-day average of 157.94K — lighter than usual.
- 52-week range $9.87–$9.95; today's close sits at 37% of that range, 0.5% below the 52-week high.
Oct 14, 2026 — SCAT ends flat (+0.0%) to $9.88
- Closed at $9.88, +0.00% vs the prior close of $9.88. Day range $9.87–$9.89, opened at $9.87.
- Volume was 89.50K shares, 0.5x its 50-day average of 175.05K — lighter than usual.
- 52-week range $9.87–$9.95; today's close sits at 13% of that range, 0.7% below the 52-week high.
Oct 13, 2026 — SCAT ends flat (+0.0%) to $9.88 on 2.2x normal volume
- Closed at $9.88, +0.00% vs the prior close of $9.88. Day range $9.88–$9.89, opened at $9.89.
- Volume was 299.60K shares, 2.2x its 50-day average of 133.53K — unusually heavy trading.
- 52-week range $9.87–$9.95; today's close sits at 13% of that range, 0.7% below the 52-week high.
Oct 12, 2026 — SCAT ends flat (+0.1%) to $9.88
- Closed at $9.88, +0.10% vs the prior close of $9.87. Day range $9.88–$9.89, opened at $9.88.
- Volume was 61.60K shares, 0.4x its 50-day average of 169.50K — lighter than usual.
- 52-week range $9.87–$9.95; today's close sits at 13% of that range, 0.7% below the 52-week high.
Oct 9, 2026 — SCAT ends flat (+0.0%) to $9.87
- Closed at $9.87, +0.00% vs the prior close of $9.87. Day range $9.87–$9.88, opened at $9.87.
- Volume was 214.10K shares, 1.7x its 50-day average of 124.90K.
- 52-week range $9.87–$9.95; today's close sits at 0% of that range, 0.8% below the 52-week high.
SCAT bull case vs bear case (from the data)
- No clear positive signal in the price trend, filings or insider data right now.
- Thin trading (under $2M a day on average) can mean wide bid/ask spreads.
SCAT latest news & SEC filings
Every SEC filing by or about SCAT in the last 120 days, explained in plain English. Updated daily, with a same-day refresh for new filings.
Oct 6, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 8.01 — Reported other events the company considers important.
Sep 2, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 8.01 — Reported other events the company considers important.
Aug 31, 2026 · Form SCHEDULE 13D — Activist-style stake (13D)
Activist-style stake (13D) — an investor reported owning more than 5%
Filed by an outside investor (not the company). It reports a holding of more than 5% of a share class; percentage and holder name are in the filing.
Aug 28, 2026 · Form SCHEDULE 13G — Passive stake (13G)
Passive stake (13G) — an investor reported owning more than 5%
Filed by an outside investor (not the company). It reports a holding of more than 5% of a share class; percentage and holder name are in the filing.
Aug 27, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 1.01 — Signed a material agreement.
- Item 3.02 — Sold unregistered shares.
- Item 5.02 — Change in directors or officers (appointment, departure or pay).
- Item 5.03 — Amended its charter or bylaws / changed fiscal year.
- Item 8.01 — Reported other events the company considers important.
Aug 26, 2026 · Form 424B4 — Final prospectus with offering price
Final prospectus with offering price
An offering document: new shares or debt may be sold, which can increase the share count (dilution) or debt load. Size and terms are in the prospectus.
Aug 25, 2026 · Form EFFECT — EFFECT filing
EFFECT filing
Aug 25, 2026 · Form 3 — New insider holdings
Initial insider ownership statement (Form 3) — a new director, officer or 10% owner disclosed their holdings
Aug 25, 2026 · Form 3 — New insider holdings
Initial insider ownership statement (Form 3) — a new director, officer or 10% owner disclosed their holdings
Aug 25, 2026 · Form 3 — New insider holdings
Initial insider ownership statement (Form 3) — a new director, officer or 10% owner disclosed their holdings
Aug 25, 2026 · Form 3 — New insider holdings
Initial insider ownership statement (Form 3) — a new director, officer or 10% owner disclosed their holdings
Aug 25, 2026 · Form 3 — New insider holdings
Initial insider ownership statement (Form 3) — a new director, officer or 10% owner disclosed their holdings
Aug 25, 2026 · Form 3 — New insider holdings
Initial insider ownership statement (Form 3) — a new director, officer or 10% owner disclosed their holdings
Aug 19, 2026 · Form S-1/A — S-1/A filing
S-1/A filing
An offering document: new shares or debt may be sold, which can increase the share count (dilution) or debt load. Size and terms are in the prospectus.
Things to know before you trade SCAT
- How much it moves: over the last 20 sessions the average daily move was 0.10% (largest 0.3%). That is a relatively calm stock.
- Liquidity: about 114.51K shares (≈$1.13M) trade per day on average. Thin volume can mean wider bid/ask spreads.
- 52-week position: $9.87 vs a range of $9.87–$9.95 (0% of the range).
- Dividends: no cash dividends in the last 2 years.
- Splits: none in the last 2 years.
- Insider trades (Form 4, last 12 months, recent 25 shown): 0 open-market buys, 0 sales.
- Latest filings: 8-K Oct 6, 2026; 8-K Sep 2, 2026; 8-K Aug 27, 2026.
- Listing: Nasdaq · industry: Blank Checks.
SCAT market data (last 20 sessions)
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Oct 16, 2026 | 9.87 | 9.89 | 9.87 | 9.87 | 2.50K |
| Oct 15, 2026 | 9.88 | 9.90 | 9.88 | 9.90 | 9.40K |
| Oct 14, 2026 | 9.87 | 9.89 | 9.87 | 9.88 | 89.50K |
| Oct 13, 2026 | 9.89 | 9.89 | 9.88 | 9.88 | 299.60K |
| Oct 12, 2026 | 9.88 | 9.89 | 9.88 | 9.88 | 61.60K |
| Oct 9, 2026 | 9.87 | 9.88 | 9.87 | 9.87 | 214.10K |
| Oct 8, 2026 | 9.95 | 9.95 | 9.87 | 9.87 | 124.90K |
About Southern Cross Acquisition II
Southern Cross Acquisition II (SCAT) is listed on the Nasdaq and classified by the SEC under “Blank Checks”. Its business address is in NEW YORK, NY. State of incorporation: Cayman Islands. Fiscal year ends December 31. SEC CIK 2133239.
SCAT board of directors & executives
From SEC Form 3/4/5 insider filings made in the last 12 months (date = latest filing).
Directors
| Name | Role | Latest filing |
|---|---|---|
| Zhiqiang Du | Director | Aug 25, 2026 |
| Wenhua Qian | Director | Aug 25, 2026 |
| Ally Tong Zhang | Chief Executive Officer | Aug 25, 2026 |
| Hongmei Zhao | Director | Aug 25, 2026 |
Executive officers
| Name | Title | Latest filing |
|---|---|---|
| Xin Bob Wang | Chief Financial Officer | Aug 25, 2026 |
| Ally Tong Zhang | Chief Executive Officer | Aug 25, 2026 |
Recent insider buys & sales
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| No open-market insider buys or sales reported in the last 12 months. | ||||
SCAT financials (annual, from XBRL filings)
| Fiscal year end | Revenue | Net income | Diluted EPS | Operating cash flow |
|---|---|---|---|---|
| No annual XBRL figures available (foreign filers often report on Form 20-F). | ||||
Latest balance sheet: total assets $—, total liabilities $—, cash $—.
SCAT earnings / results-day log
| Date | Filing | Close that day |
|---|---|---|
| No 8-K earnings releases in recent filings. | ||
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Information only, not investment advice. BuyMeWhiskey is not a registered investment adviser or broker-dealer; nothing here is a recommendation to buy, sell or hold any security, and there are no price targets. Data comes from SEC EDGAR filings and public end-of-day market data and may be delayed or contain errors. Verify with the company's filings before making decisions. Prices: end-of-day data as of Oct 16, 2026, 4:00 PM ET. Filings: SEC EDGAR. Refreshed every 2 hours during US market hours.