Southport Acquisition Corporation Announces the Separate Trading of its Class A Common Stock and Warrants, Commencing January 31, 2022
January 28 2022 - 5:43PM
Business Wire
Southport Acquisition Corporation (the “Company”) announced that, commencing January 31,
2022, holders of the units sold in the Company’s initial public
offering may elect to separately trade the shares of the Company’s
Class A common stock and the warrants included in the units.
No fractional warrants will be issued upon separation of the
units and only whole warrants will trade. The shares of Class A
common stock and warrants that are separated will trade on the New
York Stock Exchange (the “NYSE”) under the symbols “PORT” and
“PORT.W,” respectively. The units that are not separated will
continue to trade on the NYSE under the symbol “PORT.U.” Holders of
units will need to have their brokers contact Continental Stock
Transfer & Trust Company, the Company’s transfer agent, in
order to separate the units into shares of Class A common stock and
warrants.
A registration statement relating to these securities has been
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
these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
About Southport Acquisition Corporation
Southport Acquisition Corporation is a blank check company
formed for the purpose of effecting a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses. While the
Company may pursue an acquisition opportunity in any business,
industry, sector or geographical location, the Company intends to
focus on acquisition opportunities in the financial software space
with particular focus on mortgage and real estate verticals in the
United States.
Forward-Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
Company’s plans with respect to the target industry for a potential
business combination. No assurance can be given that the Company
will ultimately complete a business combination transaction.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including those set
forth in the Risk Factors section of the Company’s registration
statement and prospectus for the offering filed with the SEC.
Copies of these documents are available on the SEC’s website,
www.sec.gov. The Company undertakes no obligation to update these
statements for revisions or changes after the date of this release,
except as required by law.
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Jeb Spencer jspencer@tvccapital.com
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