Southport Acquisition in a proxy filing seeks shareholder approval to push its completion deadline to Dec. 14 from March 14. If approved, the new deadline would mark the thir anniversary of the SPAC’s IPO.
After initially raising $200 million in December 2021, Southport has been focused on companies engaged in the development of financial software for the mortgage and real estate space. The SPAC’s current market cap is just under $106 million.
On the record date, there were 8,350,065 outstanding shares of the company’s Class A stock and 1,550,000 outstanding shares of the Class B. Read more.
