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Freshfields advises underwriter on $230 million IPO of Southport Acquisition Corporation

Freshfields advised BofA Securities, as the sole underwriter, on the initial public offering of 23,000,000 units of Southport Acquisition Corporation on the New York Stock Exchange, including 3,000,000 units purchased by BofA Securities pursuant to the exercise in full of the underwriter’s option to purchase additional units, for aggregate proceeds of $230 million. Each unit consists of one share of Class A common stock and one-half of one redeemable warrant.

More details can be found here.

Southport Acquisition Corporation is a newly-formed special purpose acquisition company incorporated as a Delaware corporation for the purpose of effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. The Company intends to pursue a business combination within the financial software space with particular focus on mortgage and real estate verticals in the United States.

The Freshfields capital markets team consisted of partners Sarah Solum and Pamela Marcogliese, senior associate Scott Blumenkranz, and associates Kim Wang, Alexander Canahuate and Elizabeth Volz. FINRA advice was provided by counsel Jeremy Barr.


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This material is for general information only and is not intended to provide legal advice.