Southport Acquisition Corp. II Raises $210 Million in NYSE Debut

Southport Acquisition Corp. II, a special purpose acquisition company (SPAC), has completed its initial public offering, raising gross proceeds of $210 million. The company's units began trading on the New York Stock Exchange on Oct. 1, 2026, under the ticker symbol "PORT.U," according to a company press release.

Offering Details

The IPO consisted of the sale of 21,000,000 units at a price of $10.00 per unit. This figure includes 1,000,000 units issued as part of a partial exercise of the underwriters' over-allotment option.

Each unit sold contains:

• One Class A ordinary share.
• One-half of one redeemable warrant.

Each whole warrant entitles the holder to purchase one Class A ordinary share at an exercise price of $11.50 per share at a future date.

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Market Debut and Trust Account

Following the offering and a simultaneous private placement, a total of $212,100,000 was placed into the company’s trust account. These funds are intended to be used to finance a future business combination.

While the units are currently trading on the NYSE, the company stated that once the securities separate, the Class A ordinary shares and warrants are expected to trade on the Nasdaq stock exchange under the symbols "PORT" and "PORT.W," respectively.

Company Background

Southport Acquisition Corp. II is a blank check company formed to pursue a merger, share exchange, or similar business combination with a target company. The management team is led by Chief Executive Officer Jeb Spencer and President Griffith Gates. Cohen & Company Capital Markets served as the sole book-running manager for the IPO. The U.S. Securities and Exchange Commission declared the company's registration statement effective on Sept. 30, 2026.