Southport Acquisition Completes $210M IPO, Begins NYSE Trading

Southport Acquisition Corp. II said it closed its initial public offering of 21,000,000 units on 2 October 2026, including 1,000,000 units issued through the underwriters’ partial exercise of their over-allotment option. The units were priced at $10.00 each.

For retail traders, the key point is that the company’s units are now listed under the symbol PORT.U on the New York Stock Exchange, where trading began on 1 October 2026. Each unit contains one Class A ordinary share and one-half of one redeemable warrant.

The source says that each whole warrant allows the holder to buy one Class A ordinary share at $11.50 per share, subject to certain adjustments. It also says no fractional warrants will be issued when the units separate, and only whole warrants will trade.

Once the securities in the units begin separate trading, the Class A ordinary shares and warrants are expected to list on Nasdaq under the symbols PORT and PORT.W. Cohen & Company Capital Markets acted as sole book-running manager, while Ellenoff Grossman & Schole LLP and Ogier (Cayman) LLP were legal counsel to the company, and Reed Smith LLP represented the underwriters.

The company said $212,100,000 from the IPO and a simultaneous private placement was placed in its trust account for the benefit of public shareholders. It also said an audited balance sheet as of 2 October 2026 will be included as an exhibit to a Form 8-K filing with the U.S. Securities and Exchange Commission (SEC).

Southport Acquisition Corp. II describes itself as a blank check company formed to pursue a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, in any business, industry, sector or geographical location. Its management team is led by Chief Executive Officer and Chairman Jeb Spencer and President and Chief Operating Officer Griffith Gates.