Southport Acquisition II Cancels 666,667 Forfeited Founder Shares

Bitget2026/10/23 20:31

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Southport Acquisition Corp. II cancelled 666,667 sponsor-held Class B ordinary shares following the underwriters’ October 19, 2026, waiver of remaining over-allotment rights.
Sponsor Southport Acquisition Sponsor II held 7,666,667 Class B ordinary shares at IPO completion; up to 1,000,000 were subject to forfeiture.
The October 2, 2026, IPO raised $210 million from 21,000,000 units at $10 each.
That total included 1,000,000 units issued through the underwriters’ partial exercise of their over-allotment option.
Each unit comprised one Class A ordinary share and half a redeemable warrant, each whole warrant exercisable at $11.50 following the initial business combination.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Southport Acquisition Corp. II published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001185185-26-004973), on October 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Southport Acquisition II Cancels 666,667 Forfeited Founder Shares

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