Southport Acquisition II sponsor buys 500K shares
Each private placement unit includes one Class A ordinary share and one-half of a warrant; each whole warrant is exercisable to purchase one Class A ordinary share.
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 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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A ordinary shares F1, F2 | 500,000 | $10.00 | $5.00M |
Footnotes (2)
- F1. Represents shares underlying the private placement units (each unit consisting of one Class A ordinary share and one-half of one warrant, each whole warrant exercisable to purchase one Class A ordinary share) directly held by Southport Acquisition Sponsor II LLC (the "Sponsor"), and which were acquired pursuant to a Private Placement Units Purchase Agreement by and between the Sponsor and Southport Acquisition Corp. II (the "Issuer"). Does not include previously reported 7,666,667 Class B ordinary shares, which shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination on a one-for-one basis, or at any time prior to the Issuer's initial business combination, at the option of the holder, subject to adjustment as described under the heading "Description of Securities--Founder Shares" in the Issuer's registration statement on Form S-1 (File No. 333-298104).
- F2. 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
private placement units financial
warrant financial
initial business combination financial
pecuniary interest financial
beneficial ownership financial
FAQ
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What does each PORT private placement unit include?
AI-generated analysis. How Rhea-AI works. Not financial advice.