Southport Acquisition Corp. II cancels 666,667 founder shares after underwriters waive remaining over-allotment

Southport Acquisition Corp. II

Sponsor Southport Acquisition Sponsor II LLC forfeited 666,667 Class B ordinary shares on Oct. 19, 2026; shares were cancelled by the Company.
Underwriters forfeited their right to exercise the remaining portion of the over-allotment option, leaving 1,000,000 Class B shares no longer subject to forfeiture.
Sponsor held 7,666,667 Class B shares at IPO close on Oct. 2, 2026, of which up to 1,000,000 were contingent on over-allotment exercise.
IPO of 21,000,000 units at $10.00 each, including 1,000,000 over-allotment units, generated $210,000,000 in gross proceeds.
Each unit comprises one Class A share and one-half warrant exercisable at $11.50 per share upon an initial business combination.

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