Southport Acquisition Corp. II Form 8-K — Oct 5, 2026
Southport Acquisition Corp. II closed its IPO on October 2, 2026, selling 21,000,000 units at $10.00 per unit for gross proceeds of $210,000,000, including a partial exercise of the underwriters' over-allotment option. Simultaneously, the company sold 770,000 private placement units to its sponsor and Cohen & Company Capital Markets for $7.7 million, and approximately $212 million of total proceeds was placed in trust with Continental Stock Transfer & Trust Company. Each unit comprises one Class A share and one-half warrant exercisable at $11.50, with shares, units, and warrants trading separately on the NYSE under PORT, PORT.U, and PORT.W.
Key figures
- Gross Proceeds
- 210000000
- Offering Price
- 10
- Shares Offered
- 21000000
- Over allotment units
- 1000000
- Trust account deposit
- $212,100,000 (as stated; appears to contain a typo in source)
- Trust deadline months
- 24
- Warrant exercise price
- 11.5
- Private placement units
- 770000
- Private placement proceeds
- 7700000
- Deferred underwriting commission pct
- 4.0%
AI analysis
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