Southport Acquisition Corp. II
Southport Acquisition Corp. II (OTC: PORT) is trading at $11.99, about ₹1,140 at today's USD/INR rate, as of 10 Sep 2025, 3:59 PM ET, down 55.76% today. Southport Acquisition Corp. II is not currently available to trade on Paasa; this page shows its price, statistics and the Indian tax treatment for information.
Quote
Today's low
$9.50
Today's high
$29.00
52 week low
$9.50
52 week high
$60.00
PORT opened at $25.00, closed previously at $27.10, and has traded between $9.50 and $60.00 over the past 52 weeks.
About
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.
Key statistics
Avg. volume
1.39K
Market cap
$69.40M
P/E Ratio
-11.85
Price-to-sales ratio
0.00
Enterprise value
$1.92B
Free cash flow yield
-4.50%
Debt-to-equity ratio
0.00
Return on equity
661274241.55%
ROIC
-207268590.35%
Beta
0.28
Dividend yield
0.00%
Last dividend
$0.00
Financial overview
Revenue
$321.56T
Earnings per share
-$1.10
Free cash flow
-$83.84M
Net profit margin
-53.02%
Gross margin
61.17%
EBITDA
-$164.11T
Revenue growth
0.00%
Southport Acquisition Corp. II for Indian investors
Southport Acquisition Corp. II is listed on OTC Markets. It is not currently available to trade on Paasa; the figures on this page are for information, and the tax notes below apply to Indian residents who hold it.
Taxes on Southport Acquisition Corp. II for Indian residents
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- NoneSouthport Acquisition Corp. II does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.Dividend tax explained
FAQs
Can I buy Southport Acquisition Corp. II on Paasa?
Southport Acquisition Corp. II (PORT) has been listed on OTC Markets since 2022, in the Shell Companies industry. Southport Acquisition Corp. II is not currently available to trade on Paasa; the figures on this page are for information. Indian residents who hold it through another broker still declare it under the rules below.
How much does one Southport Acquisition Corp. II share cost in rupees?
One Southport Acquisition Corp. II share is $11.99 — about ₹1,140 at a USD/INR rate of 95.10 on 15 Oct 2026. Both the Southport Acquisition Corp. II price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for investing abroad from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability.
How are gains on Southport Acquisition Corp. II shares taxed in India?
Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Southport Acquisition Corp. II price.
Does Southport Acquisition Corp. II pay a dividend?
No. Southport Acquisition Corp. II does not currently pay a dividend, so holding it produces no dividend income to declare in India. If it starts paying one, the Indian treatment is the usual one: dividends are taxed at your slab rate in India.
When does OTC trade, in Indian time?
OTC Markets trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time.
Do I have to declare Southport Acquisition Corp. II shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. The holding is reported with its cost and its closing value.
Does the rupee rate affect what I make on Southport Acquisition Corp. II?
Yes. Southport Acquisition Corp. II is priced in USD, so your rupee outcome combines the USD move with the USD/INR move between the day you remit and the day you convert back.