Southport Acquisition Corp. II
CIK2148436 · AI/Tech
NO ACTION REQUIRED
Nothing required today
No redemption election is on file for this SPAC. A date appears here the day one is filed.
Cash per share
Held for each public share, as last filed.
Last close
Daily close
No price history on file yet — daily closes accumulate from the market data feed.
SpacBrain’s read
Floor not confirmed
No redemption window has closed — but no dated redemption election is on file for this name either, so we cannot show you a date to act by.
What we do have: no window has closed, and no company deadline is on file either. The full chain of evidence is under Evidence.
In plain terms
- What it is
- A SPAC from Southport Acquisition Sponsor II LLC.
- What it's doing now
- It is still looking: no purchase has been announced, and no deadline for agreeing one is on file with us.
- What you should know
- We have no filed date on which you could claim the cash back, so we cannot tell you a day to act by. That is a gap in the public record, not a statement that the right has gone.
At a glance
- Where it stands
- Searching
- Merging with
- No target announced — still searching.
- Industry
- AI/Tech
- What it set out to buy: AI/Tech
- Deal value
- not stated in the filings we hold
- Price vs cash floor
- no live price on file
- Cash left in trust
- not yet extracted into a snapshot — the filings below may state it
- IPO
- IPO date not on file
- size not on file · 100.0% of each $10 unit into trust
- Headquarters
- 8 BOLLING PLACE, GREENWICH, CT, 06830
- registered in the Cayman Islands
- Lead underwriter
- Cohen & Company Capital Markets
- Key officers
- no Form 3/4 ownership filing captured yet
- Listed securities
- CIK2148436 common
As last filed — the filing date is not recorded.
Nothing dated is on file. That is an absence in our record, not a statement that nothing is coming.
Yield to redemption
No dated redemption window on file — no yield to compute.
No price on file — nothing to buy at. An unsourced date would make the yield look filed when it is not.
What is protecting this price
The reasoning behind the verdict above, in the order the filings establish it.
- No dated redemption election is on file for this name. That is an absence in the record, not proof that the right has gone — but it does mean this page cannot tell you a day to act by.
- Cash held in trust is $10.00 per share as last filed. That is the figure a redemption pays out at, plus whatever interest the trust earns between the filing and the window.
What has happened, and what is coming
0 dated milestonesEvery dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.
No dated milestone is on file for this SPAC yet — the calendar fills from 8-K and proxy filings as they land.
The score
deterministic, from filed fieldsCIK2148436 is not in the scored universe, so no score is shown. A withheld score is a fact about the record, not a verdict about the company.
The score is only published for names that carry both a price and a filed cash-per-share figure — 295 of the tracked fleet today. The rest keep an empty dial rather than a modelled one, and fill in by themselves as the fields land.
The company
from SEC filingsRead the full profile
A planned $200 million SPAC from Southport Acquisition Sponsor II LLC that filed its first prospectus with the SEC in August 2026 — 20 million units at $10, hunting for an artificial-intelligence company that already generates meaningful revenue. Not yet listed; no ticker or target.
Material findings
from the full read of every filingEvery document this company files gets read whole — body and exhibits. These are the ones the read flagged as material, newest first, each citing its filing.
Investors must evaluate the trust value ($10.00 per public share), the 24-month deadline (risking liquidation if no deal), the extreme dilution from sponsor's nominal cost ($0.003 vs. $10.00 offering price), the absence of a selected target (focus on AI but not binding), and the potential for sponsor conflicts given its low-cost founder shares. The going concern audit opinion and working capital deficit also flag financial risk. All mechanics for tracking redemptions, extensions, and sponsor conduct are fully defined in this filing.
Filings
live EDGAR feedEverything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.
What changed: Registration statement on Form S-1 for a new blank-check company (SPAC) seeking to raise $200 million (up to $230 million with over-allotment) in an initial public offering of units, each consisting of one Class A ordinary share and one-third of one redeemable warrant. The filing includes full prospectus with offering terms, trust account mechanics, redemption rights, sponsor and management background, business strategy targeting AI companies, risk factors, financial statements, and related party transactions. Initial S-1; no prior SEC filings for this issuer. Establishes all pre-IPO disclosures: 20,000,000 units offered at $10.00 per unit, $200 million trust deposit, 24-month completion window (extendable by shareholder vote), founder shares purchased by sponsor at ~$0.003 per share, 700,000 private placement units at $10.00 each, and redemption rights for public shareholders regardless of vote. Why it matters: Investors must evaluate the trust value ($10.00 per public share), the 24-month deadline (risking liquidation if no deal), the extreme dilution from sponsor's nominal cost ($0.003 vs. $10.00 offering price), the absence of a selected target (focus on AI but not binding), and the potential for sponsor conflicts given its low-cost founder shares. The going concern audit opinion and working capital deficit also flag financial risk. All mechanics for tracking redemptions, extensions, and sponsor conduct are fully defined in this filing.
The sponsor
The people who set this company up, what they have done before, and the advisers around the deal.
At-risk capital: $2.3M — 200,000 private placement units, bought at the IPO and worthless if the company liquidates. This is what the sponsor itself loses if no deal closes. per the prospectus (S-1 0001185185-26-003326)
Southport Acquisition Sponsor II LLCnamed as sponsor in this SPAC’s filings — but with no researched track record behind it yet.
A missing score, not a score of zero — why
A Sponsor Score is only published once the sponsor’s prior vehicles have been verified on EDGAR and their post-close outcomes priced. That record does not exist for this sponsor yet, so no number and no tier is shown. That is a missing score, not a score of zero — and not a neutral 50 either.
Coverage so far: 301 of 1280 tracked SPACs (24%) are attached to a scored sponsor. This card fills in by itself as the research lands.
Deal team — named in the prospectus
- Cohen & Company Capital MarketsLead-left
Read from this SPAC’s own prospectus; the arrow opens the filing. Firms link to their full mandate record.
The record
The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.
Show the reference detail
Unit structure
Unit: U = S + W/3 · 100.0% of the $10 unit
from S-1 0001185185-26-003326
Trading & liquidity
Company profile
Directors & officers
No Form 3/4 ownership filing has been captured for this SPAC yet, so the roster is empty rather than guessed.
Sources on file
harvested pages, kept in fullEvery public page we have read about this company, stored in full so a source can never go missing.
Show the sources
30 full SEC filing texts archived — searchable, never lost.
- Vault note — CIK2148436 (Southport Acquisition Corp. II)
vault-note · /vault/tickers/CIK2148436
In plain English
tap a term to open itEvery piece of jargon this page could have used, and what it actually means.
Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected
A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Broker action datethe day your broker needs the instruction — earlier than the official date
Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Trust discountbuying below the cash held for you
Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.
Dilutionhow much of the company new shares take from you
Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.
Pro-forma equitywhat the company is valued at once the deal closes
The combined company's equity value assuming the announced terms and the redemptions that have actually happened.
ARShow much upside you get per unit of downside
SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.
De-SPACthe day the SPAC becomes the real company
The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.
Outside datethe contractual long-stop for closing the deal
A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.
Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since
A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.
Ask the brain
from its filingsData provenance & audit trail4 internal entries
Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.
registered from S-1 — pre-listing, ticker TBD, VERIFY it is a SPAC
sponsor "Southport Acquisition Sponsor II LLC" sourced from prospectus definition (S-1) acc 0001185185-26-003326.
warrantStrike=11.5, warrantCallPrice=18, unitSeparationDays=52 from the definitive prospectus (0001185185-26-003326). NOT FILLED: rightShareRatio — no stated candidate
trustPerShare = initial trust per unit as priced (S-1 0001185185-26-003326) — no 10-Q trust reading on file yet