Monitor for the closing of the IPO and subsequent filing of the 8-K with audited balance sheet. The 24-month completion window means the company must identify and announce a target within approximately 22 months. Track any press releases regarding target identification or business combination agreements.
Price Chart
Executive Summary
Southport Acquisition Corp. II (PORT) filed an 8-K reporting the execution of an underwriting agreement for its IPO of 20,000,000 units at $10.00 per unit, with an over-allotment option for up to 3,000,000 additional units. The filing also includes the adoption of amended and restated memorandum and articles of association, the issuance of founder shares and private placement units, and the appointment of directors. This is a standard SPAC IPO filing, establishing the trust account and governance structure for a blank-check company.
Key Financial Metrics
Key Facts
- IPO of 20,000,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-half of one redeemable warrant
- Underwriters have an over-allotment option to purchase up to 3,000,000 additional units
- Gross proceeds of $200,000,000 from firm units ($202,000,000 including private placement units) to be deposited in a trust account
- Deferred underwriting commission of $0.40 per unit ($8,000,000 for firm units) held in trust and payable upon completion of a business combination
- Sponsor purchased 7,666,667 founder shares for $25,000; Sponsor and Underwriters will purchase 750,000 private placement units at $10.00 each
- Company has 24 months from IPO closing to complete a business combination or it will liquidate
- Amended and restated memorandum and articles of association adopted by special resolution on September 30, 2026
- Class B shares convert into Class A shares on a one-for-one basis upon a business combination, subject to adjustment
Financial Impact
IPO gross proceeds of $200,000,000 from firm units, plus up to $30,300,000 from over-allotment, and $7,500,000 from private placement units, all deposited in trust account for future business combination
Risk Factors
- No identified business combination target as of the filing date; risk of liquidation if no deal completed within 24 months
- Founder shares and private placement units subject to lock-up restrictions, limiting liquidity for insiders
- Public shareholders have redemption rights that could reduce trust account proceeds available for a business combination
Documents Analyzed
This report is based on 2 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001185185-26-004580 |
| Document: southacq2ex1-1.htm | 0001185185-26-004580 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | 8-K | — | awaiting T+20 | — | — |
Oct 21, 2026 5d ago | SC 13D/A | — | awaiting T+20 | — | — |
Oct 8, 2026 19d ago | 8-K | — | awaiting T+20 | — | — |
Oct 7, 2026 19d ago | SC 13D | — | awaiting T+20 | — | — |
Oct 7, 2026 20d ago | SC 13G | — | awaiting T+20 | — | — |
Oct 5, 2026 22d ago | 8-K | — | awaiting T+20 | — | — |
Oct 2, 2026 25d ago | Press Release | — | awaiting T+20 | — | — |
Sep 30, 2026 26d ago | Press Release | — | awaiting T+20 | — | — |
US Market Status
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