Southport Acquisition Corp Files DEF 14A Proxy Statement

TL;DR

Southport Acquisition Corp (SPRT) filed its DEF 14A proxy statement. Standard procedure, no fee paid.

AI Summary

Southport Acquisition Corp. filed a definitive proxy statement (DEF 14A) on October 2, 2024, for the fiscal year ending December 31, 2024. The company, incorporated in Delaware, is a blank check company in the Real Estate & Construction sector. The filing indicates no fee was required for this submission.

Why It Matters

This filing is a standard regulatory requirement for public companies, providing shareholders with information regarding company matters and voting procedures.

Risk Assessment

Risk Level: low — This is a routine regulatory filing (DEF 14A) and does not contain new material information that would inherently increase risk.

Key Numbers

• 001-41150 — SEC File Number (Identifies the company's registration with the SEC.)

Key Players & Entities

• Southport Acquisition Corp. (company) — Registrant
• 0001104659-24-105486 (filing_id) — Accession Number
• 20241002 (date) — Filing Date
• DE (state) — State of Incorporation
• 1231 (date) — Fiscal Year End

FAQ

Key Financial Figures

• $0.0001 — tanding Class A Common Stock, par value $0.0001 per share (" Class A Common Stock " or
• $5,000,001 — our net tangible assets to be less than $5,000,001. If the Extension Amendment Proposal is
• $11.08 — the Trust Account will be approximately $11.08 at the time of the Special Meeting. The
• $11.00 — Class A Common Stock is available, was $11.00. Accordingly, if the market price were
• $0.08 m — lic Stockholder receiving approximately $0.08 more per share than if such stockholder s
• $100,000 — to the Company to pay taxes (less up to $100,000 of such net interest to pay dissolution
• $12,896,826 — ithdrawal may be only a fraction of the $12,896,826 that was in the Trust Account as of the
• $10.20 — funds in the Trust Account to below (i) $10.20 per Public Share or (ii) such lesser am

Filing Documents

• tm2423510-5_def14a.htm (DEF 14A) — 521KB
• px_24southportspecial01-bw.jpg (GRAPHIC) — 346KB
• px_24southportspecial02-bw.jpg (GRAPHIC) — 276KB
• 0001104659-24-105486.txt ( ) — 1346KB

From the Filing

DEF 14A 1 tm2423510-5_def14a.htm DEF 14A tm2423510-5_def14a - none - 6.7187753s TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant Filed by a party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under 240.14a-12 Southport Acquisition Corporation (Name of Registrant as Specified in Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. TABLE OF CONTENTS SOUTHPORT ACQUISITION CORPORATION 8 Bolling Place Greenwich, CT 06830 NOTICE OF SPECIAL MEETING OF STOCKHOLDERS TO BE HELD ON OCTOBER 15, 2024 TO THE STOCKHOLDERS OF SOUTHPORT ACQUISITION CORPORATION: You are cordially invited to attend a special meeting (the " Special Meeting ") of stockholders of Southport Acquisition Corporation, a Delaware corporation (the " Company ," " we ," " us " or " our "), to be held at 10:00 a.m. Eastern time, on October 15, 2024. The Special Meeting will be conducted via live webcast. You will be able to attend the Special Meeting online, vote and submit your questions during the Special Meeting by visiting https://www.cstproxy.com/southportacquisition/2024 . At the Special Meeting, the stockholders will consider and vote upon the following proposals: 1. a proposal to amend (the " Extension Amendment ") the Company's Amended and Restated Certificate of Incorporation (as amended from time to time, our " Charter ") to extend the date by which the Company must consummate an initial business combination (the " Extension ") from December 14, 2024 to September 30, 2025 (the " Extended Date " and such proposal, the " Extension Amendment Proposal "); and 2. a proposal to approve the adjournment of the Special Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies in the event that there are insufficient votes to approve the Extension Amendment Proposal or if we determine that additional time is necessary to effectuate the Extension (the " Adjournment Proposal "). The Adjournment Proposal will only be presented at the Special Meeting if there are not sufficient votes for, or otherwise in connection with, the approval of the Extension Amendment Proposal. Each of the Extension Amendment Proposal and, if necessary, the Adjournment Proposal is more fully described in the accompanying proxy statement. No other business shall be transacted at the Special Meeting. OUR BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE "FOR" THE EXTENSION AMENDMENT PROPOSAL AND, IF PRESENTED, THE ADJOURNMENT PROPOSAL. The purpose of the Extension Amendment Proposal and, if necessary, the Adjournment Proposal, is to provide the Company with additional time to complete an initial business combination. On June 9, 2023, we held a special meeting of stockholders (the " First Extension Special Meeting ") and obtained stockholder approval to extend the period of time to consummate an initial business combination from June 14, 2023 to September 14, 2023 and to allow our Board, without another stockholder vote, to elect to further extend the date to consummate an initial business combination after September 14, 2023 up to six times, by an additional month each time, up to March 14, 2024. As previously disclosed, the Board elected to exercise all six one-month extensions, extending the date by which the Company must consummate an initial business combination to March 14, 2024. In connection with the First Extension Special Meeting, on May 25, 2023, the Company entered into non-redemption agreements with unaffiliated third parties in exchange for each such party agreeing not to redeem Public Shares (as defined below) in connection with the First Extension Special Meeting. In exchange for the foregoing commitments not to redeem Public Shares, the Company agreed to transfer to such third parties an aggregate of up to 1,499,996 Founder Shares (as defined below) held by Southport Acquisition Sponsor LLC, a Delaware limited liability company (the " Sponsor "). In connection with the First Extension Special Meeting and the entry into the non-redemption agreements, on May 25, 2023, pursuant to the terms of our Charter, the Sponsor converted 4,200,000 Founder Shares held by it on a one-for-one basis into Public Shares (the " Conversion "). TABLE OF CONTENTS On March 14, 2024, we held a special meeting of stockholders (the " Second Extension Special Meeting ") and obta

View Full Filing

View this DEF 14A filing on SEC EDGAR