Southport Acquisition Corp. (PORT.U) Prices $200M IPO


Southport Acquisition Corp. (PORT.U) Prices $200M IPO

Southport Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the NYSE under the symbol “PORT.U” Friday, December 10.

The new SPAC intends to identify a business within the financial software space with a particular focus on mortgage and real estate verticals in the United States.  Southport is led by CEO Jeb Spencer and Chairman Jared Stone.

Total SPAC deal count for 2021 year-to-date is now 588. This offering is expected to close on Tuesday, December 14.

BofA Securities is acting as the sole book-running manager of the offering. Sidley Austin LLP is serving as Issuer’s Counsel with Freshfields Bruckhaus Deringer US LLP serving as Underwriter’s Counsel. BDO USA, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.