DEL MAR, CA – (BUSINESS WIRE) – January 28, 2022 –
Southport Acquisition Corporation (the “Company”) has announced that effective January 31, 2022, holders of units sold in the Company’s initial public offering may elect to trade separately the Company’s Class A public stock and warrants embedded in the Units.
No partial orders will be issued when units are separated and only full orders will be traded. Class A shares of common stock and separate warrants will trade on the New York Stock Exchange (“NYSE”) under the symbols “PORT” and “PORT.W”, respectively. The unseparated units will continue to trade on the New York Stock Exchange under the symbol “PORT.U.” Unitholders will need to require their brokers to contact Continental Stock Transfer & Trust Company, the company’s transfer agent, in order to separate units into shares of Class A common stock and warrants.
The registration statement relating to these securities was filed with the Securities and Exchange Commission (“SEC”) and became effective on December 9, 2021.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or jurisdiction.
About Southport Acquisition Corporation
The Southport Acquisition Corporation is a blank check corporation formed for the purpose of conducting a merger, capital exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more corporations. While the Company may pursue an acquisition opportunity in any business, industry, sector or geographic location, the Company intends to focus on acquisition opportunities in the financial software space with a particular focus on the mortgage and real estate sectors in the United States.
This press release contains statements that constitute “forward-looking statements,” including regarding the Company’s plans in relation to its target industry for a potential business combination. No guarantee can be given that the Company will eventually complete the business combination transaction. Forward-looking statements are subject to numerous conditions, many of which are outside the company’s control, including those set forth in the Risk Factors section of the company’s registration statement and prospectus for an offering to the Securities and Exchange Commission. Copies of these documents are available on the SEC website, www.sec.gov. The Company undertakes no obligation to update this data for revisions or changes after the date of this release, except as required by law.
View source copy on businesswire.com: https://www.businesswire.com/news/home/20220128005547/en/
Contact: Jeep Spencer
Keyword: California United States North America
Industry keyword: software technology, professional service finance
Source: Southport Acquisition Corporation
Copyright Business Wire 2022.
PUB: 01/28/2022 05:43 PM / Disc: 01/28/2022 05:43 PM
Copyright Business Wire 2022.