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Southport Acquisition Corporation (NYSE:PORTU) announced that starting on January 31, 2022, holders of its units from the initial public offering can trade shares of Class A common stock and corresponding warrants separately. The Class A shares and warrants will be traded under the symbols PORT and PORT.W, while units that are not separated will continue to be traded as PORT.U. This follows the effective registration statement filed with the SEC on December 9, 2021.
Southport Acquisition Corporation has successfully closed its initial public offering, selling 23 million units on the NYSE under the symbol PORT.U. The offering includes 3 million units purchased by BofA Securities due to over-allotment. Each unit consists of one share of Class A common stock and a warrant to purchase an additional share at $11.50 per share. The company aims to pursue acquisition opportunities primarily in the financial software sector, focusing on mortgage and real estate in the United States.
Southport Acquisition Corporation has priced its initial public offering (IPO) at
