Market Capitalization (Millions $) |
45 |
Shares
Outstanding (Millions) |
4 |
Employees |
- |
Revenues (TTM) (Millions $) |
- |
Net Income (TTM) (Millions $) |
6 |
Cash Flow (TTM) (Millions $) |
4 |
Capital Exp. (TTM) (Millions $) |
0 |
Southport Acquisition Corporation
Southport Acquisition Corporation is a special purpose acquisition company (SPAC) that was formed for the purpose of merging or acquiring one or more operating businesses. It was established to raise funds through an initial public offering (IPO) in order to pursue a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination.
Southport Acquisition Corporation does not have any specific target industry or business in mind, allowing it flexibility to identify potential targets in various sectors. Its management team typically has expertise and experience in evaluating and executing such business combinations.
Once Southport Acquisition Corporation completes the IPO and raises funds, it enters a period of typically two years to identify and consummate a merger or acquisition transaction. If the company fails to complete a business combination within the specified time frame, it is required to liquidate and return the IPO funds to its shareholders.
The purpose of Southport Acquisition Corporation is to provide a vehicle for private companies to go public and gain access to capital markets without going through the traditional initial public offering process. It offers investors an opportunity to participate in potential growth and value creation of the acquired or merged businesses.
Company Address: 1745 Grand Avenue Del Mar 92014 CA
Company Phone Number: 503-9722 Stock Exchange / Ticker: NYSE PORT
PORT is expected to report next financial results on May 29, 2024. |
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