20/11/2023 - Southport Acquisition Corporation: Material Event - Form 8-K

Item 8.01 Other Events.

As previously disclosed, on June 9, 2023, Southport Acquisition Corporation (the "Company") held a special meeting of stockholders, at which the Company's stockholders approved the proposal to amend the Company's Amended and Restated Certificate of Incorporation to extend the date by which the Company must consummate an initial business combination from June 14, 2023 (the date that is 18 months from the closing date of the Company's initial public offering) to September 14, 2023 (the "Extended Date") and to allow the board of directors of the Company (the "Board"), without another stockholder vote, to elect to further extend the date to consummate an initial business combination after the Extended Date up to six times, by an additional month each time, up to March 14, 2024.

On September 11, 2023, the Board approved the extension of the date by which the Company must consummate an initial business combination from September 14, 2023 to October 14, 2023.

On October 11, 2023, the Board approved the extension of the date by which the Company must consummate an initial business combination from October 14, 2023 to November 14, 2023.

On November 14, 2023, the Board approved a further extension of the date by which the Company must consummate an initial business combination from November 14, 2023 to December 14, 2023 (the "Third Extension"). The Third Extension is the third of six one-month extensions permitted under the Company's Amended and Restated Certificate of Incorporation.

In connection with the Second Extension, Southport Acquisition Sponsor LLC, the Company's sponsor (the "Sponsor"), transferred 166,666 shares of the Company's Class B common stock held by the Sponsor to unaffiliated third parties in accordance with those certain voting and non-redemption agreements previously entered into between the Sponsor and such third parties.