Core Viewpoint - Social Commerce Partners Corporation has announced the pricing of its initial public offering (IPO) of 10,000,000 units at $10.00 per unit, with each unit consisting of one Class A ordinary share and one-half of a redeemable warrant [1] Group 1: IPO Details - The IPO consists of 10,000,000 units priced at $10.00 each, with each unit including one Class A ordinary share and one-half of a redeemable warrant [1] - Each whole warrant will be exercisable 30 days after the completion of the initial business combination, allowing the holder to purchase one Class A ordinary share at $11.50 per share [1] - The units are expected to trade on Nasdaq under the ticker symbol "SCPQU" starting December 23, 2025, with separate trading for Class A ordinary shares and warrants under the symbols "SCPQ" and "SCPQW," respectively [1] Group 2: Underwriting and Closing - BTIG, LLC is acting as the sole book-running manager for the offering [2] - The underwriter has a 45-day option to purchase up to an additional 1,500,000 units at the initial public offering price to cover over-allotments [2] - The offering is expected to close on December 24, 2025, subject to customary closing conditions [2] Group 3: Company Overview - Social Commerce Partners Corporation is a special purpose acquisition company (SPAC) formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses [5] - The company will primarily focus on target businesses in the social commerce (direct selling) industry [5] - The management team includes Stuart Johnson as CEO and Chairman, and Harley (Michael) Rollins as CFO, along with board members Wayne Moorehead, Peter Griscom, and Heather Chastain [5]
Social Commerce Partners Corporation Announces Pricing of $100,000,000 Initial Public Offering