Southport Acquisition II announces 21 million-unit IPO close

Southport Acquisition Corp. II said on October 2, 2026 that it had announced the closing of 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 units were priced at $10.00 each.

For retail traders, the relevant detail is the structure of the security rather than a conventional operating business. Each unit contains one Class A ordinary share and one-half of one redeemable warrant, and each whole warrant allows the holder to buy one Class A ordinary share at $11.50 per share, subject to certain adjustments. No fractional warrants will be issued when the units separate, and only whole warrants will trade.

The units started trading on the New York Stock Exchange on October 1, 2026 under the ticker PORT.U. After 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.

Cohen & Company Capital Markets acted as sole book-running manager. 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 said that $212,100,000 from the initial public offering and a simultaneous private placement of units was placed in its trust account for the benefit of public shareholders. It also said an audited balance sheet as of October 2, 2026 will be included as an exhibit to a Form 8-K filing with the U.S. Securities and Exchange Commission, or SEC.