Southport Acquisition Corp. II Form S-1/A — Sep 24, 2026
Southport Acquisition Corp. II filed Amendment No. 3 to its Form S-1 for a $200 million IPO of 20,000,000 units at $10.00 each, each unit comprising one Class A share and one-half warrant (whole warrants strike at $11.50). The blank check company, sponsored by Southport Acquisition Sponsor II LLC with Cohen & Company Capital Markets as lead underwriter, will target AI companies with roughly $400 million to $1.5 billion enterprise value and has 24 months from closing to complete an initial business combination.
Key figures
- Gross Proceeds
- 200000000
- Offering Price
- 10
- Shares Offered
- 20000000
- Founder Shares
- 7666667
- Completion Window
- 24 months from closing
- Founder Share Price
- approximately $0.003 per share ($25,000 aggregate)
- Over Allotment Units
- 3000000
- Trust Account Amount
- $202,000,000 (up to $232,300,000 with over-allotment; $10.10 per unit)
- Warrant Exercise Price
- 11.5
- Private Placement Units
- 750000
- Private Placement Proceeds
- 7500000
- Underwriting Discount Per Unit
- 0.6
- Upfront Underwriting Commission
- $4,000,000 (up to $4,600,000)
- Deferred Underwriting Commission
- up to $8,000,000 (up to $9,200,000)
AI analysis
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