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Social Commerce Partners Corporation Announces the Separate Trading of its Class A Ordinary Shares and Warrants Commencing February 12, 2026
Globenewswire· 2026-02-11 13:30
Core Viewpoint - Social Commerce Partners Corporation announced that starting February 12, 2026, holders of units from its initial public offering can separately trade Class A ordinary shares and warrants included in those units [1][2]. Group 1: Trading Information - No fractional warrants will be issued upon the separation of units, and only whole warrants will be available for trading [2]. - The separated Class A ordinary shares and warrants will trade on The Nasdaq Global Market under the symbols "SCPQ" and "SCPQW," respectively, while unsplit units will continue to trade under the symbol "SCPQU" [2]. - Holders wishing to separate their units must have their brokers contact Continental Stock Transfer & Trust Company, the Company's transfer agent [2]. Group 2: Company Overview - Social Commerce Partners Corporation is a blank check company, also known as a special purpose acquisition company (SPAC), aimed at effecting mergers, share exchanges, asset acquisitions, and similar business combinations [4]. - The Company will primarily focus on target businesses in the social commerce (direct selling) industry [4]. - The management team includes Stuart Johnson as Chief Executive Officer and Chairman, and Harley (Michael) Rollins as Chief Financial Officer, along with board members Wayne Moorehead, Peter Griscom, and Heather Chastain [4].
Social Commerce Partners Corporation Announces Closing of $100,000,000 Initial Public Offering
Globenewswire· 2025-12-24 18:30
Company Overview - Social Commerce Partners Corporation is a newly organized special purpose acquisition company (SPAC) formed in the Cayman Islands, focusing on business combinations primarily in the social commerce industry [4]. - 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 [4]. Initial Public Offering (IPO) Details - The company closed its initial public offering of 10,000,000 units at an offering price of $10.00 per unit, with each unit consisting of one Class A ordinary share and one-half of one redeemable warrant [1]. - Each whole warrant allows the holder to purchase one Class A ordinary share at $11.50 per share, with the units listed on the Nasdaq Global Market under the ticker symbol "SCPQU" [1]. - Once the units begin separate trading, the Class A ordinary shares and warrants are expected to trade under the symbols "SCPQ" and "SCPQW," respectively [1]. Use of Proceeds - The net proceeds from the offering and a simultaneous private placement of units will be used to pursue and consummate a business combination with one or more businesses [2].