PORT: IPO raises $210 million
Southport Acquisition Corp. II has completed its IPO. The acquisition company has 24 months to complete a business combination.
Filed with the SEC:
Southport Acquisition Corp. II sold 21 million units at $10 each on 2 October 2026, raising $210 million before costs. A concurrent private placement raised $7.7 million in gross proceeds. Each unit includes one Class A share and half a warrant.
IPO · key facts
- 01Trust account: total deposits of $212.1 million from the offerings.
- 02Deadline: 24 months from the IPO closing to complete a business combination.
- 03Warrant: each whole warrant allows the purchase of one share at $11.50, subject to its terms.
No target had been selected according to the information in the 8 October filing. PORT is a special purpose acquisition company, or SPAC. Key risks include failure to complete a deal and dilution from new shares or exercised warrants.
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