Southport Acquisition Corp. II prices $200M IPO at $10 per unit
- Southport Acquisition Corp. II priced its IPO at $200 million
- Units sold at $10.00 each, comprising shares and half-warrants
- Trading on NYSE begins October 1, 2026 under symbol PORT.U
- Underwriters hold option for additional 3 million units
*this image is generated using AI for illustrative purposes only.
Southport Acquisition Corp. II (NYSE: PORT) announced the pricing of its initial public offering of $200,000,000. The company sold 20,000,000 units at a price of $10.00 per unit.
The units are expected to begin trading on the New York Stock Exchange on October 1, 2026, under the symbol "PORT.U". The closing of the offering is anticipated to take place on or about October 2, 2026, subject to customary closing conditions.
Offering Structure and Terms
Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder to purchase one Class A ordinary share at a price of $11.50 per share, subject to certain adjustments. No fractional warrants will be issued upon separation of the units, and only whole warrants will trade.
Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on NYSE under the symbols "PORT" and "PORT.W," respectively. The company has granted the underwriters a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments, if any.
| Metric | Detail |
|---|---|
| Total Offering Size | $200,000,000 |
| Price Per Unit | $10.00 |
| Units Sold | 20,000,000 |
| Over-allotment Option | Up to 3,000,000 units |
| Warrant Exercise Price | $11.50 per share |
Company Profile and Management
Southport Acquisition Corp. II is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company may pursue an initial business combination target in any business, industry, sector or geographical location.
The management team is led by Jeb Spencer, Chief Executive Officer and Chairman of the Board of Directors, and Griffith Gates, President and Chief Operating Officer. The independent directors are Jared Stone, Matthew Hansen, David Winfield, Cathleen Schreiner-Gates, John Aslanian and Robert Katz.
Regulatory and Advisory Details
A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission on September 30, 2026. Cohen & Company Capital Markets is acting as the sole book-running manager for the offering.
Ellenoff Grossman & Schole LLP and Ogier (Cayman) LLP are serving as legal counsel to the company, while Reed Smith LLP is serving as legal counsel to the underwriters. The offering is being made only by means of a prospectus.
Which specific industries or sectors is Southport Acquisition Corp. II prioritizing for its initial business combination target?
How will the potential exercise of the 3,000,000-unit over-allotment option impact the total capital available for acquisition?
What timeline does management anticipate for identifying and announcing a definitive merger agreement following the IPO closing?
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