Southport Acquisition Corp. II’s sponsor, Southport Acquisition Sponsor II LLC, forfeited 666,667 Class B ordinary shares on October 19, 2026, and the company cancelled them after the underwriters notified it that they had forfeited their right to exercise the remaining portion of the over-allotment option.
The company’s October 2, 2026 initial public offering comprised 21,000,000 units, including 1,000,000 units issued through partial exercise of the over-allotment option. The units sold for $10.00 each and generated $210,000,000 in gross proceeds. At IPO consummation, the sponsor owned 7,666,667 Class B ordinary shares, up to 1,000,000 of which were subject to forfeiture based on the extent of the over-allotment exercise.
Southport Acquisition Corp. II (PORT) was the recipient of 666,667 Class B Ordinary Shares surrendered by Southport Acquisition Sponsor II LLC for no consideration on October 19, 2026. The Sponsor's reported indirect position afterward was 7,000,000 Class B Ordinary Shares. The shares were held by the Sponsor; Southport Sponsor Management II, LLC is the Sponsor's managing member, and Jeb Spencer, the issuer's Chairman, Chief Executive Officer and Chief Financial Officer, is that entity's managing member. Southport Sponsor Management II, LLC and Jeb Spencer each disclaim beneficial ownership except to the extent of any pecuniary interest.
Southport Acquisition Corp. II’s sponsor, Southport Acquisition Sponsor II LLC, reported beneficial ownership of 7,500,000 ordinary shares, or 26.07%. The filing reports the same 7,500,000-share holding for managing member Southport Sponsor Management II, LLC and its managing member Jeb Spencer; both disclaim beneficial ownership except to the extent of any pecuniary interest. The percentage is based on 28,770,000 ordinary shares outstanding as of October 19, 2026.
On October 19, 2026, the sponsor surrendered 666,667 Class B ordinary shares for no consideration, and Southport Acquisition Corp. II cancelled them after the underwriters notified the issuer that they forfeited the right to exercise the remaining portion of their over-allotment option. The reported holding includes 500,000 Class A shares and 7,000,000 Class B shares; the Class B shares convert one-for-one at the initial business combination or earlier at the holder’s option, subject to adjustment.
Southport Acquisition Corp. II (PORT) completed its initial public offering of 21,000,000 units at $10.00 each, including 1,000,000 units from a partial over-allotment exercise, for $210,000,000 in gross proceeds. It concurrently sold 770,000 private placement units at $10.00 each for $7,700,000, including 500,000 to sponsor Southport Acquisition Sponsor II LLC and 270,000 to Cohen & Company Capital Markets. Each unit includes one Class A ordinary share and one-half warrant; each whole warrant is exercisable for one share at $11.50, subject to adjustment.
As of October 2, 2026, the balance sheet showed $211,430,000 in the trust account, no cash outside it, and $630,329 in current liabilities. On October 5, the sponsor deposited $670,000 into the trust account, bringing gross deposits to $212,100,000; the share subscription receivable was reduced to $1,330,000. As of October 2, the company had no operations and had not selected a business-combination target. Its completion window is 24 months from the IPO closing; if no combination is completed, public shares are redeemed. Management determined it has sufficient funds for working-capital needs for one year from the financial statement’s issuance.
Southport Acquisition Corp. II (PORT) is the issuer whose sponsor, Southport Acquisition Sponsor II LLC, and related reporting persons each report beneficial ownership of 8,166,667 ordinary shares, or 27.7%. The position includes 500,000 Class A shares and 7,666,667 Class B founder shares, against 29,436,667 ordinary shares outstanding as of October 2, 2026. Southport Sponsor Management II, LLC and Jeb Spencer, the issuer’s Chairman, Chief Executive Officer and Chief Financial Officer, disclaim beneficial ownership except for any direct or indirect pecuniary interest.
The sponsor paid $25,000 in July 2026 for founder shares and bought 500,000 Placement Units at $10.00 each on October 2, 2026. Each unit includes one Class A share and one-half of a warrant; each whole warrant has an $11.50 exercise price, exercisable 30 days after consummation of an initial business combination. Class B shares convert one-for-one into Class A at the combination, or earlier at the holder’s option, subject to adjustment. Placement Units and their underlying securities cannot be transferred, sold or assigned until 30 days after consummation, subject to limited exceptions. The sponsor and issuer officers and directors agreed to vote covered shares for a proposed combination and not redeem shares in connection with its approval. Founder shares and shares underlying Placement Units do not participate in liquidation distributions if no combination is completed.
Southport Acquisition Corp. II (PORT) is the issuer in a report on beneficial ownership of its Class A ordinary shares. Linden Capital L.P., Linden GP LLC, Linden Advisors LP, and Siu Min (Joe) Wong may each be deemed beneficial owners of 1,500,000 shares, approximately 6.9% of shares outstanding as of October 5, 2026. The shares are held for Linden Capital’s account, and each reporting person has shared voting and dispositive power over that same block.
Southport Acquisition Corp. II completed its IPO on October 2, 2026, selling 21,000,000 units at $10.00 per unit and generating $210,000,000 in gross proceeds. The total included 1,000,000 units issued through the underwriters’ partial exercise of their over-allotment option. Each unit consists of one Class A ordinary share and one-half of a redeemable warrant; each whole warrant allows its holder to purchase one Class A ordinary share for $11.50, subject to certain adjustments.
The company also sold 770,000 private placement units for $7,700,000: the Sponsor purchased 500,000 and the Representative purchased 270,000. The company placed $212,100,000 from the IPO and private placement in a trust account. Except for interest that may be released for taxes and winding-up and dissolution expenses, the funds remain in trust until a business combination or specified public-share redemptions, including redemptions if no combination is completed within 24 months of the IPO closing or an earlier Board-approved liquidation date.
Southport Acquisition Sponsor II LLC, a 10% owner of Southport Acquisition Corp. II (PORT), purchased 500,000 Class A ordinary shares on September 30, 2026, at $10 per share. The Sponsor directly held 500,000 shares after the purchase; no Rule 10b5-1 plan is reported. The shares underlie private placement units. Southport Sponsor Management II, LLC, the Sponsor’s managing member, and Jeb Spencer, the issuer’s Chairman, Chief Executive Officer and Chief Financial Officer, disclaim beneficial ownership except to the extent of any pecuniary interest.
Southport Acquisition Corp. II (PORT) reports that Southport Acquisition Sponsor II LLC purchased 500,000 Class A ordinary shares on September 30, 2026, at a reported $10.0000 per share under a Private Placement Units Purchase Agreement. Each unit consisted of one Class A ordinary share and one-half of one warrant; each whole warrant is exercisable to purchase one Class A ordinary share. The sponsor held 500,000 shares after the transaction, and no Rule 10b5-1 plan is reported. Southport Sponsor Management II, LLC controls voting and investment discretion over the sponsor’s securities; it and Jeb S. Spencer, the issuer’s Chairman, Chief Executive Officer and Chief Financial Officer, disclaim beneficial ownership except to the extent of any pecuniary interest.
Southport Acquisition Corp. II (PORT) is offering 20,000,000 units for $200,000,000 at $10.00 each. Each unit includes one Class A ordinary share and one-half of one redeemable warrant; each whole warrant buys one share at $11.50 and is exercisable 30 days after a business combination. Underwriters may purchase up to 3,000,000 additional units under a 45-day option.
The blank-check company has not selected a target and intends to focus its search on artificial intelligence businesses. It has 24 months from the offering’s closing to complete a business combination, subject to shareholder approval for an extension. Public shareholders may redeem shares at their pro rata trust-account value upon a combination; if none is completed within the permitted period, PORT says it will redeem 100% of public shares. PORT expects to place $202,000,000 of offering and private-placement proceeds in trust.
The sponsor and the underwriters’ representative committed to buy 750,000 private placement units for $7,500,000. Founder shares convert one-for-one, subject to adjustment, and anti-dilution provisions may result in conversion at a greater ratio; PORT describes the resulting dilution to public shareholders as material.