Southport Acquisition Corp. II Filed SPAC Primary

What the company does

Southport Acquisition Corp. II is a blank check company incorporated as a Cayman Islands exempted company and 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 or entities. The company has not selected any business combination target and has not initiated any substantive discussions with any target. It may pursue an initial business combination in any business, industry, sector or geographic location.

Use of proceeds

The company is offering 20,000,000 units at $10.00 per unit, with $202,000,000 (or up to $232,300,000 if the over-allotment option is exercised) of proceeds placed into a U.S.-based trust account with Continental Stock Transfer & Trust Company acting as trustee. Approximately $700,000 (or $400,000 if the over-allotment is exercised in full) of net proceeds will not be held in the trust account and will be used as working capital, including for legal, accounting, due diligence and other business combination expenses, regulatory reporting obligations, continued listing fees, and office space reimbursement.

Underwriters

Extracted from S-1/A 0001185185-26-003872, filed Sep 9, 2026 and verified against that filing text.

Key risk factors

• Public shareholders face material dilution

  “Our public shareholders may experience material dilution from the exercise of the private placement warrants issued as part of the private placement units to be purchased by our sponsor and CCM simultaneously with the closing of this offering as well as conversion of any working capital loans into equity, if elected by the sponsor.”

• Incentive to complete a business combination even if value declines

  “The low price that our sponsor, executive officers and directors (directly or indirectly) paid for the founder shares creates an incentive whereby our officers and directors could potentially make a substantial profit even if we select an acquisition target that subsequently declines in value and is unprofitable for public shareholders.”

• Risk of failing to complete initial business combination within window

  “We have until the date that is 24 months from the closing of this offering, or until such earlier liquidation date as our board of directors may approve, to consummate our initial business combination.”

• No protections afforded to Rule 419 investors

  “Investors will not be entitled to protections normally afforded to investors in Rule 419 blank check offerings.”