Southport Acquisition Corp

For the period ended Dec 31, 2023. Filed Apr 1, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Apr 1, 2024

ANGX$3.74+1.4%Stored close · as of Nov 10, 2026

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Contents

Balance Sheets as of December 31, 2023 and 2022

BALANCE SHEETS


· December 31, 2023 · December 31, 2022
ASSETS · ·
Current assets: · ·
Cash	$2,171,553	$50,858
Prepaid expenses	—	227,594
Total Current Assets	2,171,553	278,452
Non-current assets:
Marketable securities held in Trust Account	44,709,805	237,984,513
Total Non-current Assets	44,709,805	237,984,513
Total Assets	$46,881,358	$238,262,965

LIABILITIES, COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION AND STOCKHOLDERS’ DEFICIT
Current liabilities:
Accrued expenses	$2,251,823	$681,395
Accounts payable	99,468	97,987
Accrued offering costs	184,047	184,047
Due to related party	236,233	244,550
Administrative support fee – related party	231,500	—
Excise tax liability	1,976,947	—
Total Current Liabilities	4,980,018	1,207,979
Non-Current liabilities:
Warrant Liability	580,500	527,050
Total Non-current Liabilities	580,500	527,050
Total Liabilities	5,560,518	1,735,029

Commitments and Contingencies (Note 8)

Class A common stock subject to possible redemption; 200,000,000 shares authorized; 4,150,065 and 23,000,000 shares issued and outstanding subject to possible redemption at redemption value as of December 31, 2023 and 2022, respectively	44,709,805	237,984,513

Stockholders’ Deficit
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	—	—
Class A common stock, $0.0001 par value; 200,000,000 shares authorized; 4,200,000 issued and outstanding (excluding 4,150,065 share subject to possible redemption) as of December 31, 2023 and none issued and outstanding (excluding 23,000,000 share subject to possible redemption) as of December 31, 2022	420	—
Class B common stock, $0.0001 par value; 20,000,000 shares authorized; 5,750,000 shares issued and outstanding	155	575
Additional paid-in capital	760,971	—
Accumulated deficit	(4,150,511)	(1,457,152)
Total Stockholders’ Deficit	(3,388,965)	(1,456,577)
TOTAL LIABILITIES, COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION AND STOCKHOLDERS’ DEFICIT	$46,881,358	$238,262,965

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.