Southport Acquisition Corp. II Prices $200 Million SPAC IPO on NYSE

Southport Acquisition Corp. II, a special purpose acquisition company (SPAC), has priced its initial public offering of 20 million units at $10.00 per unit, according to a company press release. The offering will raise gross proceeds of $200 million before underwriting discounts and commissions.

Offering Details

The units began trading on the New York Stock Exchange (NYSE) on October 1, 2026, under the ticker symbol "PORT.U". The offering is expected to close on or about October 2, 2026, subject to customary closing conditions.

Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. A whole warrant entitles the holder to purchase one Class A ordinary share at an exercise price of $11.50. Once the securities separate, the shares and warrants are expected to trade under the symbols "PORT" and "PORT.W," respectively.

Underwriters have a 45-day option to purchase up to an additional 3 million units at the IPO price to cover over-allotments. Cohen & Company Capital Markets served as the sole book-running manager for the offering.

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Company Strategy

As a blank-check company, Southport Acquisition Corp. II was formed to pursue a merger, share exchange, asset acquisition, or similar business combination. The company has not specified a target industry or geographic location for its acquisition search.

The SPAC's management team is led by Chief Executive Officer and Chairman Jeb Spencer, alongside President and Chief Operating Officer Griffith Gates. The U.S. Securities and Exchange Commission (SEC) declared the company's registration statement effective on September 30, 2026.