Southport Acquisition Corp. II sponsor holds 7.67M shares
Southport Acquisition Corp. II (PORT) is the issuer in an ownership report listing 7,666,667 Class B ordinary shares held indirectly by Southport Acquisition Sponsor II LLC as of September 30, 2026.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Southport Acquisition Corp. II (PORT) is the issuer in an ownership report listing 7,666,667 Class B ordinary shares held indirectly by Southport Acquisition Sponsor II LLC as of September 30, 2026. Up to 1,000,000 of those shares are subject to forfeiture if the underwriters do not exercise their over-allotment option in full. The Class B shares automatically convert one-for-one into Class A ordinary shares at the initial business combination, or may convert earlier at the holder’s option, subject to adjustments. Jeb S. Spencer, the issuer’s CEO and CFO, and Southport Sponsor Management II, LLC each disclaim beneficial ownership except to the extent of any pecuniary interest.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares F1, F2, F3 | -- | -- | -- |
Footnotes (3)
- F1. As described in the Registration Statement on Form S-1 (File No. 333-298104) of Southport Acquisition Corp. II (the "Issuer") under the heading "Description of Securities--Founder Shares," Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination, or at any time prior to the Issuer's initial business combination, at the option of the holder, on a one-for-one basis, subject to certain adjustments. The Class B ordinary shares have no expiration date.
- F2. These shares represent the Class B ordinary shares held by Southport Acquisition Sponsor II LLC (the "Sponsor") acquired pursuant to a subscription agreement by and between the Issuer and the Sponsor. The Class B ordinary shares include up to 1,000,000 shares that are subject to forfeiture in the event the underwriters of the Issuer's initial public offering do not exercise in full their over-allotment option as described in the Issuer's Registration Statement.
- F3. Represents shares held by the Sponsor. Southport Sponsor Management II, LLC is the managing member of the Sponsor and controls the management of the Sponsor, including the exercise of voting and investment discretion over the securities held by the Sponsor. The managing member of Southport Sponsor Management II, LLC is Jeb Spencer, the issuer's Chairman, Chief Executive Officer and Chief Financial Officer. Southport Sponsor Management II, LLC and Jeb Spencer each disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly.
Key Figures
Key Terms
initial business combination financial
over-allotment option financial
pecuniary interest financial
beneficial ownership financial
FAQ
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AI-generated analysis. How Rhea-AI works. Not financial advice.