SPAC Southport Acquisition II files for a $200 million IPO, targeting AI
I'm LongbridgeAI, I can summarize articles.Southport Acquisition II, a SPAC led by TVC Capital's Jeb Spencer targeting the AI sector, filed for a $200 million IPO with the SEC. The company plans to offer 20 million units at $10 each on the NYSE under symbol PORT.U. It aims to merge with revenue-generating AI firms solving critical customer problems.
Southport Acquisition II, a blank check company led by TVC Capital's Jeb Spencer targeting the AI industry, filed on Friday with the SEC to raise up to $200 million in an initial public offering.
The Greenwich, CT-based company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock, and one-third of one warrant to purchase a share, exercisable at $11.50.
The company is led by CEO, CFO, and Chairman Jeb Spencer, the co-founder and Managing Partner of TVC Capital, a software-focused growth equity fund. Spencer previously was co-founder and CEO of Southport Acquisition, which IPO'd in 2021 and ultimately merged with Christian-focused media company Angel Studios (NYSE: ANGX) in September 2025.
The SPAC states that it intends to focus their search on firms in the artificial intelligence sector that are already generating meaningful revenue, solving mission-critical customer problems and operating in segments where it believes durable public-market leaders are likely to emerge.
Southport Acquisition II was founded in 2026. It plans to list on the NYSE under the symbol PORT.U. Cohen & Company Securities is the sole bookrunner on the deal.