Southport Acquisition Corp. II closes $210M IPO, $212.1M placed in trust at $10.10/unit

Southport Acquisition Corp. II

IPO of 21,000,000 units at $10.00 per unit generated gross proceeds of $210,000,000, including 1,000,000 units from the underwriters' partial over-allotment exercise on October 2, 2026.
Simultaneous private placement of 770,000 units at $10.00 raised $7,700,000: 500,000 units to sponsor Southport Acquisition Sponsor II LLC and 270,000 to Cohen & Company Capital Markets.
$212,100,000, or $10.10 per unit, was placed in a trust account with Continental Stock Transfer & Trust Company; deferred underwriting commissions total $8,400,000.
Balance sheet as of October 2, 2026: total assets $211,430,000, working capital deficit $630,329, accumulated deficit $7,701,173; $2,000,000 share subscription receivable still uncollected.
666,667 Class B founder shares were forfeited after the partial over-allotment exercise; the company has 24 months from the IPO closing to complete an initial business combination.

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