Social Commerce Partners closes $100M SPAC IPO; private placement adds $3.5M

Social Commerce Partners Corp

IPO of 10M units at $10/unit grossed $100M; units listed on Nasdaq under SCPQU.
Private placement sold 350K Private Units at $10/unit to Sponsor (250K) and BTIG (100K) for $3.5M.
Net proceeds of $100M (including $3.5M deferred underwriting commissions) deposited into trust account.
Independent directors appointed: Wayne Moorehead, Peter Griscom, Heather Chastain; board now classified with three classes.
SPAC to target businesses in the social commerce/direct selling industry; management led by CEO Stuart Johnson.

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Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Social Commerce Partners Corp issued 350,000 units of unit to Sponsor and BTIG for $10.00 per unit, generating total proceeds of $3,500,000.

Security: unit
Shares: 350,000 units
Purchaser: Sponsor and BTIG
Consideration: $10.00 per unit, generating total proceeds of $3,500,000

Exact text from the filing

Simultaneously with the closing of the IPO, the Company consummated a private placement (the “Private Placement”) of an aggregate of 350,000 units (the “Private Units”) to the Sponsor and BTIG, at a price of $10.00 per Private Unit, generating total proceeds of $3,500,000.

View on SEC.gov

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Social Commerce Partners Corp: Adopted Amended and Restated Memorandum and Articles of Association (effective 2025-12-22).

Change: charter amendment
Effective: 2025-12-22

Exact text from the filing

On December 22, 2025, and in connection with the IPO, the Company adopted its Amended and Restated Memorandum and Articles of Association.

View on SEC.gov

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Social Commerce Partners Corp filing history →

Source: SEC EDGAR

accession 0001213900-25-126089

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