secwatch.observer — SEC 8-K summary
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Issuer:     Southport Acquisition Corp. II (PORT)
CIK:        0002148436
Form:       8-K
Filed at:   2026-10-08T21:15:26+00:00
Accession:  0001185185-26-004666
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2148436/000118518526004666/0001185185-26-004666-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2148436/000118518526004666/southacq28k100526.htm
  HTML page:      https://secwatch.observer/filing/0001185185-26-004666

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