SC II Acquisition Corp. entered into a non-binding letter of intent on March 31, 2026, with a payments technology company for a potential business combination to acquire 100% of its equity.
Key takeaways
Company entered non-binding LOI with payments technology company (Target) on March 31, 2026.
LOI outlines general terms for Proposed Transaction to acquire 100% of Target's outstanding equity and equity equivalents.
LOI is preliminary with no binding commitment to consummate the transaction.
Binding provisions include exclusivity, confidentiality, trust account waiver, and governing law.
Forward-looking statements highlight risks including failure to negotiate definitive agreements and regulatory approvals.