secwatch.observer — SEC 8-K summary
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Issuer:     Southport Acquisition Corp. II (PORT)
CIK:        0002148436
Form:       8-K
Filed at:   2026-10-23T20:30:27+00:00
Accession:  0001185185-26-004973
Event type: other_material
Sentiment:  neutral
Materiality: 0.20
Item codes: 8.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2148436/000118518526004973/0001185185-26-004973-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2148436/000118518526004973/southacq28k102326.htm
  HTML page:      https://secwatch.observer/filing/0001185185-26-004973

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