SC II Acquisition Corp. Reports Net Income of $1.02M for Quarter Ending June 30, 2026

SC II Acquisition Corp. has reported its financial results for the quarter ending June 30, 2026, revealing a net income of $1,016,211, a significant increase from a net loss of $10,420 during the same period last year. The company generated total revenue of $1,320,734, primarily from interest earned on marketable securities held in its Trust Account, which amounted to $3,110,226 for the six months ended June 30, 2026. This marks a notable shift from the previous fiscal period, where the company had not yet generated any revenue.

The company’s total assets as of June 30, 2026, were reported at $176,776,700, up from $174,187,169 at the end of 2025. This increase is largely attributed to the growth in marketable securities held in the Trust Account, which rose to $175,889,009 from $172,778,783. However, the company’s cash reserves decreased to $751,003 from $1,269,764, reflecting its ongoing operational expenses, which totaled $488,552 for the first half of 2026.

In terms of operational developments, SC II Acquisition Corp. has not yet completed a business combination, as it continues to evaluate potential targets. The company has until May 25, 2027, to finalize a business combination, with the option to extend this period by an additional six months. As of the reporting date, the company had 17,505,000 Class A Ordinary Shares and 7,392,857 Class B Ordinary Shares outstanding. The company remains classified as a smaller reporting company and an emerging growth company, which allows it to take advantage of certain regulatory exemptions.

Management has indicated that the company is currently facing liquidity challenges, raising concerns about its ability to sustain operations for the next year without completing a business combination. The company has incurred significant costs related to its public company status and ongoing acquisition efforts. Despite these challenges, management remains optimistic about identifying and executing a successful business combination, which is critical for the company’s future viability.

Looking ahead, SC II Acquisition Corp. plans to utilize the funds held in its Trust Account primarily for the completion of its business combination. The company has also indicated that it may seek additional financing through working capital loans from its sponsor or affiliates to cover operational costs. However, there is no assurance that the company will successfully raise the necessary capital or complete a business combination within the required timeframe.