Southport Acquisition II completes 21 million-unit IPO

Southport Acquisition Corp. II said on Oct. 2, 2026, that it had closed its initial public offering of 21,000,000 units, including 1,000,000 units issued after the underwriters partially exercised their over-allotment option. The offering was priced at $10.00 per unit.

For retail investors, the key detail is that each unit consists of one Class A ordinary share and one-half of one redeemable warrant. The company said each whole warrant lets the holder buy one Class A ordinary share at $11.50 per share, subject to certain adjustments, and that no fractional warrants will be issued when the units separate.

The units began trading on the New York Stock Exchange on Oct. 1, 2026, under the symbol PORT.U. Once the securities in the units begin separate trading, the Class A ordinary shares and warrants are expected to list on Nasdaq under PORT and PORT.W.

Southport said Cohen & Company Capital Markets was sole book-running manager for the offering. Ellenoff Grossman & Schole LLP and Ogier (Cayman) LLP were legal counsel to the company, and Reed Smith LLP was legal counsel to the underwriters.

The company also said a registration statement for the units and underlying securities was declared effective by the U.S. Securities and Exchange Commission on Sept. 30, 2026. It added that $212,100,000 from the offering and a simultaneous private placement was placed in its trust account for the benefit of public shareholders.

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. Its management team is led by Jeb Spencer, chief executive officer and chairman, and Griffith Gates, president and chief operating officer.