Monitor for future 8-K filings announcing a definitive business combination agreement or any extension vote. The 24-month deadline runs to October 2028. The sponsor's ability to fund working capital needs and the trust account's $10.10 per-share redemption value are key reference points for SPAC arbitrage.
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Executive Summary
Southport Acquisition Corp. II filed an 8-K reporting the consummation of its initial public offering (IPO) on October 2, 2026, raising $210 million in gross proceeds from 21 million units at $10.00 per unit, plus $7.7 million from a concurrent private placement. The net proceeds of $212.1 million were placed in a trust account at $10.10 per public share. This is a routine SPAC IPO filing — the company has no operations, no target identified, and a 24-month window to complete a business combination.
Key Facts
- IPO of 21,000,000 units at $10.00/unit, gross proceeds $210,000,000
- Private placement of 770,000 units at $10.00/unit, gross proceeds $7,700,000
- Total $212,100,000 deposited in trust account at $10.10 per public share
- Company has 24 months from IPO closing to complete a business combination
- No target selected and no substantive discussions with any target as of filing date
- Working capital deficit of $630,329 as of October 2, 2026
- 10,500,000 public warrants and 385,000 private warrants outstanding, each exercisable at $11.50 per share
Financial Impact
IPO raised $210M in gross proceeds; trust account holds $212.1M ($10.10/share); transaction costs totaled $13.1M
Risk Factors
- No target identified — risk of liquidation if no deal within 24 months
- Working capital deficit of $630,329 may require additional sponsor loans
- Sponsor indemnification obligations may not be fully backstopped
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001185185-26-004666 |
| Document: southacq28k100526.htm | 0001185185-26-004666 |
| Document: 0001185185-26-004666-index-headers.html | 0001185185-26-004666 |
| Document: 0001185185-26-004666-index.html | 0001185185-26-004666 |
| Document: 0001185185-26-004666.txt | 0001185185-26-004666 |
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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