Southport Acquisition Corp. II Closes IPO

04:54 PM EDT, 10/02/2026 (MT Newswires) -- Southport Acquisition Corp. II (PORT.U) said Friday it closed its initial public offering of 21 million units at $10.00 per unit, including 1 million units issued after underwriters partially exercised their over-allotment option. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable for one Class A share at $11.50 per share, subject to certain adjustments. The units began trading on the New York Stock Exchange on Oct. 1. The company said $212.1 million from the offering and a simultaneous private placement was placed in its trust account.