Southport Acquisition II Cancels 666,667 Forfeited Founder Shares
Bitget2026/10/23 20:31- Southport Acquisition Corp. II cancelled 666,667 sponsor-held Class B ordinary shares following the underwriters’ October 19, 2026, waiver of remaining over-allotment rights.
- Sponsor Southport Acquisition Sponsor II held 7,666,667 Class B ordinary shares at IPO completion; up to 1,000,000 were subject to forfeiture.
- The October 2, 2026, IPO raised $210 million from 21,000,000 units at $10 each.
- That total included 1,000,000 units issued through the underwriters’ partial exercise of their over-allotment option.
- Each unit comprised one Class A ordinary share and half a redeemable warrant, each whole warrant exercisable at $11.50 following the initial business combination.
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