Southport Acquisition Corp. II: completes IPO of 21,000,000 units

What happened

• The filing reports that the registration statement was declared effective on Sep 30, 2026 and that on Oct 2, 2026 the company consummated its IPO of 21,000,000 units at $10.00 per unit, generating gross proceeds of $210,000,000. The underwriters partially exercised their over-allotment option for 1,000,000 units.
• Each Unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share for $11.50 per share.
• The filing also reports that the company entered into a series of agreements in connection with the IPO, including an underwriting agreement, a warrant agreement, an investment management trust agreement, a registration rights agreement, private placement units purchase agreements, a letter agreement, an administrative services agreement, and indemnity agreements (forms previously filed).

Key details

• IPO: 21,000,000 units at $10.00 per unit, gross proceeds of $210,000,000; 1,000,000 units issued under partial over-allotment.
• Private placement: 770,000 private placement units sold at $10.00 per unit, aggregate $7,700,000; Sponsor purchased 500,000 units and the representative purchased 270,000 units; issued under Section 4(a)(2) exemption.
• Governance and charter changes: On Oct 1, 2026 the board appointed Jared Stone, Matthew Hansen, David Winfield, Cathleen Schriner-Gates, John Aslanian and Robert Katz; the company filed amended and restated memorandum and articles of association effective Sep 30, 2026.
• Trust account: the filing states that proceeds from the IPO and the private placement were placed in a U.S.-based trust account maintained by Continental Stock Transfer & Trust Company.

Why it may matter

• The filing reports Item 1.01 (entry into material definitive agreements), Item 3.02 (unregistered sales of equity securities), Item 5.02 (election of directors), Item 5.03 (amendments to articles of incorporation or bylaws), and Item 8.01 (other events). These items cover the IPO and related agreements, the private placement of units, director appointments and committee assignments, the amended charter, and the placement of proceeds in a trust account.
• The filing sets out the contractual documents and corporate actions taken in connection with the IPO and the private placement as reported.

The filing does not explain why the company acted or why insiders traded.