Southport Acquisition Corp. II: completes initial public offering and private placement of $217,700,000

What happened The filing reports that on Oct 2, 2026, Southport Acquisition Corp. II consummated its initial public offering of 21,000,000 units, including 1,000,000 units issued pursuant to the partial exercise by the underwriters of their over-allotment option. Each Unit consists of one Class A ordinary share, par value $0.0001, and one-half of one redeemable warrant; each whole warrant entitles the holder to purchase one Class A ordinary share for $11.50. The Units were sold at $10.00 per Unit, generating gross proceeds of $210,000,000. Simultaneously, the company completed the private sale of 770,000 units, with 500,000 units sold to Southport Acquisition Sponsor II LLC and 270,000 units sold to Cohen & Company Capital Markets, at $10.00 per unit, generating gross proceeds of $7,700,000. A total of $212,100,000, or $10.10 per Unit, comprised of the net proceeds from the IPO and the private placement, was placed in a U.S.-based trust account maintained by Continental Stock Transfer & Trust Company, acting as trustee. An audited balance sheet as of Oct 2, 2026 reflecting the proceeds has been issued.

Key details

• IPO of 21,000,000 units, including 1,000,000 units from partial over-allotment.
• Units sold at $10.00 each; IPO gross proceeds $210,000,000.
• Private placement of 770,000 units for $7,700,000 (500,000 to the sponsor; 270,000 to the IPO representative).
• Net proceeds of $212,100,000 ($10.10 per Unit) placed in a U.S.-based trust account.

Why it may matter The filing reports Item 8.01 (other events) covering the consummation of the IPO and the private placement and the placement of net proceeds in a trust account. This filing does not show why the insider traded or why the company acted.