Southport Acquisition Corporation (PORT)
Southport Acquisition Corporation operates in the Shell Companies industry of the Financial Services sector, headquartered in Del Mar, CA, US. The stock last traded at $11.99, down 55.76% on the session, giving a market capitalisation of $69.4M. On trailing twelve-month figures it carries a trailing P/E of -11.85, a net margin of -53.0%. Its beta of 0.28 implies it has historically moved less than the broad market.
Southport Acquisition Corporation, founded in 2021 and based in Del Mar, California, currently operates without substantial commercial activities. The company's core mission is to execute a strategic business combination, such as a merger, asset purchase, share exchange, or other forms of corporate restructuring, with one or more existing enterprises or asset collections. Its search for acquisition targets is concentrated within the financial technology sector, with a specific focus on opportunities in the mortgage and real estate verticals.
Southport Acquisition Corporation is most often compared with the following Financial Services names: