Southport Acquisition Corp. II Announces Pricing of $200,000,000 Initial Public Offering

The offering packages Class A shares with redeemable warrants, while underwriters may purchase additional units to cover over-allotments.

Rhea-AI Summary

Southport Acquisition Corp. II (PORT) priced its initial public offering of units with a total offering size of $200,000,000. The offering comprises 20,000,000 units at $10.00 each. Each unit includes one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant allows the purchase of one Class A ordinary share at $11.50, subject to certain adjustments.

The units are expected to list on the NYSE as PORT.U and begin trading October 1, 2026. Closing is anticipated on or about October 2, 2026, subject to customary closing conditions. Underwriters have a 45-day option to purchase up to 3,000,000 additional units at the IPO price to cover over-allotments. After separation, shares and warrants are expected to list as PORT and PORT.W, respectively. The blank check company was formed to pursue a business combination and may seek a target in any industry or geographical location.

1 point · 1 major

MixediHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

1 major · 2 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Major point. Forward-looking: it has not happened yet and may not happen.$200,000,000 IPO priced, providing a planned source of capital for the blank check company. 1.3× market cap

Negative

• Major point. Forward-looking: it has not happened yet and may not happen.20,000,000 new units at $10.00 each include Class A shares and half-warrants, creating equity dilution.
• Minor point. Forward-looking: it has not happened yet and may not happen.45-day over-allotment option permits up to 3,000,000 additional units at the IPO price, adding potential dilution.

Key Figures

Offering size: $200,000,000 Units and price: 20,000,000 units at $10.00 per unit Warrants per unit: One-half of one redeemable warrant +5 more

Offering size

$200,000,000

Initial public offering

Units and price

20,000,000 units at $10.00 per unit

Initial public offering

Warrants per unit

One-half of one redeemable warrant

Each unit

Warrant exercise price

$11.50 per share

Each whole warrant; subject to certain adjustments

Over-allotment option

Up to 3,000,000 additional units

At the initial public offering price

Option period

45 days

Underwriters' over-allotment option

Registration statement effective

September 30, 2026

Declared effective by the SEC

Expected offering close

On or about October 2, 2026

Subject to customary closing conditions

Key Terms

redeemable warrant, over-allotments, blank check company, registration statement

4 terms

redeemable warrant financial

"one-half of one redeemable warrant"

A redeemable warrant is a financial tool that gives its holder the right to buy shares of a company at a fixed price within a certain period. If the holder chooses to do so, the company can buy back or cancel the warrant before it expires, often to encourage investment or manage share issuance. For investors, it provides an option to potentially buy shares at a favorable price while offering some flexibility for the issuing company.

over-allotments financial

"to cover over-allotments, if any"

An over-allotment is a temporary extra batch of shares that the underwriters of a stock offering are allowed to sell beyond the original amount, with the right to buy those shares back later. Think of it as spare tickets sold to meet demand and then reclaimed if needed to keep the market orderly; it helps stabilize the stock price after an offering and can affect short-term supply and potential dilution, which matters to investors tracking price and ownership stakes.

blank check company financial

"The Company is a blank check company formed for the purpose"

A blank check company is a publicly listed shell that raises money from investors before naming a specific business to buy or merge with, similar to handing a cashier a signed check and asking them to fill in the payee later. It matters to investors because it offers a faster, often cheaper path for private firms to become public, but carries extra risk since returns depend on the organizers’ ability to find a good deal and on limited information about the future business.

registration statement regulatory

"A registration statement relating to the units and the underlying securities"

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Greenwich, CT, Sept. 30, 2026 (GLOBE NEWSWIRE) -- Southport Acquisition Corp. II (NYSE: PORT.U) (the “Company”) today announced the pricing of its initial public offering of 20,000,000 units at a price of $10.00 per unit. The Company’s units are expected to be listed on the New York Stock Exchange (“NYSE”) under the symbol “PORT.U” and will begin trading on October 1, 2026. Each unit consists of one Class A ordinary share of the Company and one-half of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to certain adjustments. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on NYSE under the symbols “PORT” and “PORT.W,” respectively. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments, if any. The closing of the offering is anticipated to take place on or about October 2, 2026, subject to customary closing conditions.

The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an initial business combination target in any business, industry, sector or geographical location. The Company’s management team is led by Jeb Spencer, its Chief Executive Officer and Chairman of the Board of Directors, and Griffith Gates, its President and Chief Operating Officer. Jared Stone, Matthew Hansen, David Winfield, Cathleen Schreiner-Gates, John Aslanian and Robert Katz are independent directors.

Cohen & Company Capital Markets is acting as the sole book-running manager for the offering. Ellenoff Grossman & Schole LLP and Ogier (Cayman) LLP are serving as legal counsel to the Company, and Reed Smith LLP is serving as legal counsel to the underwriters.

A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission (“SEC”) on September 30, 2026. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, 3 Columbus Circle, 24^th Floor, New York, NY 10019, Attention: Prospectus Department, or by email at: capitalmarkets@cohencm.com. Copies of the registration statement can be accessed for free through the SEC’s website at www.sec.gov.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering and the search for an initial business combination. No assurance can be given that such offering will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law.

Contact Information:

Southport Acquisition Corp. II
Jeb Spencer, Chief Executive Officer
jspencer@tvccapital.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much is Southport Acquisition Corp. II's IPO, and what is the unit price?

Southport Acquisition Corp. II priced a $200,000,000 IPO comprising 20,000,000 units at $10.00 each. Closing is anticipated on or about October 2, 2026, subject to customary closing conditions.

What shares and warrants are included in Southport Acquisition Corp. II's IPO units?

Each unit contains one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles its holder to buy one Class A ordinary share at $11.50, subject to certain adjustments. No fractional warrants will be issued when units separate, and only whole warrants will trade.