Southport Acquisition registered to offer 20 million units at $10 each. A unit consists of one share and one-half of a warrant.
The sponsor is commited to the purchase of up to $11.7 million in warrants and initial stocjholders hold 5.75 million Class B shares.
The SPAc’s focus on financial software is concentrated on the mortgage and real estate space.
CEO and Director Jeb Spencer is co-founder and managing partner of TVC Capital, a software focused, growth equity fund, a position he has held since 2006.
BofA Securities is sole book runner.
The SPAc in the filing said it intends to list on the NYSE under PORT.U. Read more.
