Item 5. Market for Registrant’s Common Equity
Item 5.
Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities.
(a) Market
Information
Our Public Units, Public Shares
and Public Rights are each traded on the Global Market tier of Nasdaq under the symbols “ SCIIU”,
“SCII” and “SCIIR” , respectively. Our Public Units commenced public trading on November
26, 2025 , and our Public Shares and Public Rights commenced separate public trading on January
20, 2026 .
(b)
Holders
On March 31, 2026, there
were two holders of record of our Units, one holder of record of our Class A Ordinary Shares, one holder of record of our Class B Ordinary
Shares and one holder of record of our Rights.
(c)
Dividends
We have not paid any cash
dividends on our Ordinary Shares to date and do not intend to pay cash dividends prior to the completion of our initial Business Combination.
The payment of cash dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements and general
financial condition subsequent to completion of our initial Business Combination. The payment of any cash dividends subsequent to our
initial Business Combination will be within the discretion of our Board of Directors at such time. In addition, our Board of Directors
is not currently contemplating and does not anticipate declaring any share dividends in the foreseeable future. Further, if we incur any
indebtedness in connection with our initial Business Combination, our ability to declare dividends may be limited by restrictive covenants
we may agree to in connection therewith.
(d)
Securities Authorized for Issuance Under Equity Compensation Plans
None.
(e)
Performance Graph
As a smaller reporting company,
we are not required to provide the information required by Regulation S-K Item 201(e).
(f)
Recent Sales of Unregistered Securities
Simultaneously
with the closing of the Initial Public Offering and pursuant to the Private Placement Units Purchase Agreement, we completed the sale
of 255,000 Private Placement Units to the Sponsor in the Private Placement at a purchase price of $10.00 per Private Placement Unit, generating
gross proceeds to us of $2,550,000. The Private Placement Units (and underlying securities) are identical to the Public Units (and underlying
securities), except as otherwise disclosed in the IPO Registration Statement. No underwriting discounts or commissions were paid with
respect to such sale. The issuance of the Private Placement Units was made pursuant to the exemption from registration contained in Section
4(a)(2) of the Securities Act.
(g)
Use of Proceeds
On November 28, 2025, we consummated our Initial Public Offering of 17,250,000
Public Units, including 2,500,000 Option Units issued pursuant to the full exercise of the Over-Allotment Option. Each Public Unit consists
of one Public Share and one Public Right.
The Public Units were sold at a price of $10.00 per Public Unit, generating
gross proceeds to us of $172,500,000. D. Boral acted as book runner and representative of the Underwriters. On November 28, 2025, simultaneously
with the consummation of our Initial Public Offering and pursuant to the Private Placement Units Purchase Agreement, we completed the
private sale of 255,000 Private Placement Units at a purchase price of $10.00 per Private Placement Unit, to our Sponsor, SC Capital II
Sponsor LLC, generating gross proceeds of $2,550,000.
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Following
the closing of our Initial Public Offering on November 28, 2025, a total of $172,500,00 comprised of the proceeds from the Initial Public
Offering the Private Placement, was placed in a U.S.-based trust account maintained by Continental, acting as trustee. The proceeds held
in the Trust Account may be invested by Continental, as trustee, solely (i) in United States government securities within the meaning
of Section 2(a)(16) of the Investment Company Act, having a maturity of 185 days or less (ii) in money market funds meeting the conditions
of paragraphs (d)(1), (d)(2), (d)(3) and (d)(4) of Rule 2a-7 promulgated under the Investment Company Act, which invest only in direct
U.S. government treasury obligations, (iii) as uninvested cash or (iv) in an interest or non-interest bearing demand deposit account at
a U.S. chartered commercial bank with consolidated assets of $100 billion or more selected by the Continental that is reasonably satisfactory
to us. To mitigate the risk that we might be deemed to be an investment company for purposes of the Investment Company Act, which risk
increases the longer that we hold investments in the Trust Account, we may, at any time (based on our Management Team’s ongoing
assessment of all factors related to our potential status under the Investment Company Act), instruct the trustee to liquidate the investments
held in the Trust Account and instead to hold the funds in the Trust Account in cash or in an interest-bearing demand deposit account
at a bank.
The
remaining proceeds from the Initial Public Offering and the Private Placement are held outside the Trust Account. Such funds are
being used primarily to enable us to identify a target and to negotiate and consummate our initial Business Combination .
There
has been no material change in the planned use of the proceeds from our Initial Public Offering and the Private Placement as described
in the IPO Registration Statement. The specific investments in our Trust Account may change from time to time.
(h)
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
There
were no purchases of our equity securities by us or an affiliate during the fourth quarter of the fiscal year covered by the Report.
Item 6.
[Reserved]