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Southport Acquisition Priced, NYSE: PORT.U

Blank check company targeting the financial software space.

Industry: SPAC

Latest Trade: $5.90 -4.84 (-45.1%)

First Day Return: 0.0%

Return from IPO: +7.4%

Industry: SPAC

We are a newly organized blank check company. While efforts to identify a target business may span many industries, our focus will be predominantly within the financial software space with particular focus on mortgage and real estate verticals in the United States. Our management team includes prominent leaders with proven track records in the software industry, who are well positioned to identify and evaluate businesses within various sectors that we believe would benefit from their experience, skills and access to the public markets. This team offers extensive experience growing, operating, investing in and acquiring companies at the forefront of key technology trends, particularly in the real estate and mortgage sectors, while also navigating the capital markets to enhance value. Our team also brings a deep network of longstanding relationships across the technology industry, from senior executives to service providers to venture and private equity investors. We expect these relationships to provide proprietary deal flow and access to business combination opportunities. Our management team is spearheaded by Jeb Spencer, our Chief Executive Officer, and Jared Stone, the Chairman of our board of directors.
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IPO Data
IPO File Date 11/24/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 20.0
Deal Size ($mm) $200
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 12/09/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 20.0
Deal Size ($mm) $200
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
BofA Securities
Company Data
Headquarters Del Mar, CA, United States
Founded 2021
Employees 1

Southport Acquisition (PORT.U) Performance