Monitor for the filing of the audited balance sheet on Form 8-K and any subsequent announcements regarding a business combination target. The SPAC has 18-24 months to complete a deal or liquidate.
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Executive Summary
Southport Acquisition Corp. II closed its IPO of 21,000,000 units at $10.00 per unit, including partial exercise of the over-allotment option, raising $212.1 million in trust for a future business combination. The units began trading on the NYSE under PORT.U, with shares and warrants expected to list separately on Nasdaq under PORT and PORT.W. This is a standard SPAC IPO with no target identified yet.
Key Financial Metrics
Key Facts
- IPO of 21,000,000 units at $10.00/unit, including 1,000,000 units from partial over-allotment exercise
- $212,100,000 placed in trust for public shareholders
- Units trade on NYSE under PORT.U; Class A shares and warrants expected on Nasdaq under PORT and PORT.W
- Each unit consists of one Class A ordinary share and one-half warrant exercisable at $11.50/share
- Cohen & Company Capital Markets acted as sole book-running manager
Financial Impact
Gross proceeds of $210 million from IPO units (21M × $10.00) plus private placement proceeds; $212.1 million placed in trust
Risk Factors
- No target identified; risk of no suitable acquisition within the timeframe
- Warrant dilution if exercised; potential for redemption if deal fails
- SPAC market conditions may affect ability to complete a favorable business combination
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3374031 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 2d ago | 8-K | — | awaiting T+20 | — | — |
Oct 21, 2026 4d ago | SC 13D/A | — | awaiting T+20 | — | — |
Oct 8, 2026 17d ago | 8-K | — | awaiting T+20 | — | — |
Oct 7, 2026 18d ago | SC 13D | — | awaiting T+20 | — | — |
Oct 7, 2026 18d ago | SC 13G | — | awaiting T+20 | — | — |
Oct 5, 2026 20d ago | 8-K | — | awaiting T+20 | — | — |
Oct 2, 2026 23d ago | Press Release | — | awaiting T+20 | — | — |
Sep 30, 2026 25d ago | Press Release | — | awaiting T+20 | — | — |
US Market Status
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