Appleby Advises SC II Acquisition Corp. in Its USD 172.5M Initial Public Offering
Appleby is pleased to announce that it acted as Cayman Islands legal counsel to SC II Acquisition Corp. (SC II Acquisition) in connection with the closing of its initial public offering of 17,250,000 units, at a price of $10.00 per unit, which includes 2,250,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full, resulting in gross proceeds of $172,500,000.
SC II Acquisition’s units are listed on the Nasdaq Global Market (Nasdaq) under the symbol “SCIIU” and began trading on November 26, 2025. Each unit issued in the offering consists of one Class A ordinary share of SC II Acquisition and one right to receive one fifth (1/5) of a Class A ordinary share upon the consummation of the Company’s initial business combination. Once the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to be listed on Nasdaq under the symbols “SCII” and “SCIIR,” respectively.
Alongside with the closing of the initial public offering, SC II Acquisition closed on a private placement of 255,000 units at a price of $10.00 per unit, resulting in gross proceeds of $2,550,000.
Appleby advised on the Cayman Islands legal aspects of the transaction, further demonstrating the firm’s strong expertise in SPAC IPOs and capital markets regulation and reinforcing its established track record.
The team was led by Counsel Alexandra Low, with Partner Simon Raftopoulos, Paralegal Sophia Cunningham and other members of the corporate team.
Appleby continues to play a key role in major SPAC and public-market matters worldwide.
