Seaport Global Acquisition II Corp. (SGII): history, ownership, mission, how it works & makes money

A Brief History of Seaport Global Acquisition II Corp. (SGII)

Formation and Purpose

Seaport Global Acquisition II Corp. (SGII) was formed as a special purpose acquisition company (SPAC) on August 4, 2021. The purpose of SGII is to identify, acquire, and support the growth of a promising business in the financial services sector, focusing on companies that exhibit strong potential for growth and value creation.

Initial Public Offering (IPO)

SGII successfully completed its initial public offering, raising approximately $230 million. The IPO was conducted at $10.00 per unit, with investors receiving one share of Class A common stock and one-third of a warrant to purchase one share.

Investment Strategy

The investment strategy of SGII centers on target enterprises with a valuation exceeding $1 billion and emphasizes investment in companies that have demonstrated stability and growth in their respective sectors.

Business Combination Proposals

Throughout its operational history, SGII has been actively engaging in discussions with various companies for potential business combinations. The first significant target company was announced in March 2022, leading to discussions for a merger that valued the target at approximately $1.2 billion.

Financial Performance and Metrics

As of the latest report in September 2023, SGII held a cash balance of approximately $150 million from the IPO proceeds after accounting for operating expenses. The company is on track to finalize its first business combination within the stipulated timeframe, which is typically 24 months post-IPO.

Market Context and Comparisons

SGII operates in a competitive landscape with other SPACs targeting similar sectors. As per SPAC market statistics from 2022, about 580 SPACs raised over $162 billion in total IPO proceeds, emphasizing the heightened interest in SPAC investments.

Table of SGII Financial Data

Future Outlook

The future outlook for SGII remains focused on finalizing its business combination and leveraging its financial resources to capitalize on growth opportunities within the financial services sector. The management team, composed of experienced investment professionals, continues to evaluate potential transactions that align with the company’s strategy.

A Who Owns Seaport Global Acquisition II Corp. (SGII)

Overview of Seaport Global Acquisition II Corp.

Seaport Global Acquisition II Corp. (SGII) is a special purpose acquisition company (SPAC) formed to engage in mergers, capital stock exchanges, asset acquisitions, and related business combinations. It was incorporated in 2021 and has been actively seeking opportunities in various sectors.

Ownership Structure

The ownership structure of SGII is primarily composed of institutional investors, private equity firms, and individual stakeholders. As of the latest proxy statement, the following table outlines the significant shareholders of SGII:

Details on Major Investors

• Seaport Global Asset Management: A leading investment firm with a diversified portfolio, holding significant influence with a 25% stake in SGII.
• Wellington Management: An investment management company managing assets on behalf of clients, holding a substantial 15% of SGII shares.
• BlackRock, Inc.: One of the world’s largest asset management firms, with an ownership of 10% in SGII, reflecting its strategy to invest in high-potential companies.
• FMR LLC (Fidelity): A provider of financial services, holding an 8% stake, indicating a strategic investment approach in SPACs.

Recent Financial Data

The latest financial data for Seaport Global Acquisition II Corp. highlights its market capital and performance in the SPAC segment:

Financial Metric	Value (USD)
Market Capitalization	300 million
Share Price (as of Oct 2023)	10.00
Total Assets	320 million
Total Liabilities	20 million
Cash and Cash Equivalents	150 million

Key Takeaways

Overall, Seaport Global Acquisition II Corp. reflects a diverse ownership group with significant institutional backing, complemented by a robust financial position in the market.





Seaport Global Acquisition II Corp. (SGII) Mission Statement

Overview

Seaport Global Acquisition II Corp. (SGII) is a special purpose acquisition company (SPAC) formed to identify and merge with a company in the financial sector, technology sector, or industrial sector. The mission statement focuses on creating long-term value for shareholders through strategic acquisitions and partnerships.

Core Values

• Integrity: Maintain ethical standards in all transactions.
• Innovation: Emphasize innovative solutions to enhance business operations.
• Collaboration: Foster strong partnerships with stakeholders.
• Excellence: Strive for excellence in execution and performance.

Financial Objectives

The financial objectives of SGII include:

• Targeting a post-acquisition enterprise value of between $500 million and $1 billion.
• Aiming for a return on investment (ROI) of at least 15% over five years.
• Maintaining a gross margin above 30% within the first three years post-merger.

Investment Strategy

SGII focuses on sectors that demonstrate strong growth potential, including:

• Fintech
• Healthcare Technology
• Sustainable Energy Solutions

Recent Financial Data

Metric	Amount
Cash held in Trust	$200 million
Market Cap	$350 million
Stock Price (as of October 2023)	$10.50
Debt to Equity Ratio	0.5

Target Acquisition Profile

SGII seeks to acquire companies with the following characteristics:

• Established revenue streams exceeding $50 million.
• Strong management teams with proven track records.
• Potential for operational synergies.

Commitment to Shareholders

SGII is committed to transparency and effective communication with its shareholders. Regular updates on acquisition progress and financial performance will be provided.

Conclusion on Mission Statement

The mission and strategic vision of SGII reflect a commitment to create value through calculated investments in promising industries, focusing on economic sustainability and growth.





How Seaport Global Acquisition II Corp. (SGII) Works

Company Overview

Seaport Global Acquisition II Corp. (SGII) is a Special Purpose Acquisition Company (SPAC) that aims to acquire or merge with one or more businesses in various industries. It was incorporated in 2021 and operates under the rules and regulations established by the Securities and Exchange Commission (SEC).

Financial Structure

SGII raised approximately $300 million through its initial public offering (IPO), which occurred on March 10, 2021. The units were priced at $10.00 each. The trust account where these funds are held ensures they are available for the eventual business combination.

Item	Amount
IPO Date	March 10, 2021
Total Funds Raised	$300 million
Price per Unit	$10.00
Trust Account Holding	$300 million

Investment Strategy

SGII seeks to target industries that are poised for growth, specifically focusing on technology, healthcare, and consumer sectors. The management team utilizes their extensive network and industry expertise to identify potential acquisition candidates.

Management Team

The management team consists of experienced professionals from diverse backgrounds in finance, investment banking, and corporate management. Their collective expertise is critical in evaluating potential targets and executing the acquisition process efficiently.

Name	Position	Experience (Years)
Eliot M. Sokolow	CEO	20
Mark E. Fishel	President	15
Jane Doe	CFO	18

Regulatory Compliance

As a SPAC, SGII is subject to strict regulatory oversight. It must comply with SEC regulations, including filing periodic reports and disclosures. The company also adheres to the rules regarding the treatment of public shareholders during the merger process.

Current Market Position

As of October 2023, SGII’s market capitalization stands at approximately $350 million, reflecting investor confidence in its ability to successfully identify and merge with quality targets.

Recent Developments

In August 2023, SGII announced a potential merger with a technology firm valued at $1.2 billion. This announcement was well-received, contributing to a notable increase in stock price.

Shareholder Benefits

SGII offers its shareholders the opportunity to benefit from the growth of the merged entity. Additionally, shareholders retain the right to redeem their shares prior to the completion of the merger, ensuring liquidity and investment security.

• Redemption Price: $10.00 per share
• Projected Return on Investment: 15%-20% annually post-merger
• Shareholder Meeting Date: TBD (To Be Determined)

Conclusion of Operations

SGII continues to monitor market conditions and maintain preparedness for the finalization of its merger. The focus remains on enhancing shareholder value and pursuing strategic growth opportunities.





How Seaport Global Acquisition II Corp. (SGII) Makes Money

Investment Strategy

Seaport Global Acquisition II Corp. (SGII) primarily operates as a Special Purpose Acquisition Company (SPAC). The company aims to identify, acquire, and merge with a private business, thereby providing the target company with access to public markets. SPACs generally pursue industries such as technology, healthcare, and financial services.

Revenue Generation through M&A

SGII generates revenue through potential mergers and acquisitions (M&A) that lead to a monetizable exit strategy. The success of SGII in generating revenue hinges on its ability to:

• Identify appropriate target companies
• Execute favorable acquisition agreements
• Leverage strategic operational synergies post-merger

Financial Data

The following table outlines SGII's financial milestones as of 2023:

Metric	Amount
Initial Public Offering (IPO) Amount	$200 million
Amount Raised Through IPO	$200 million
Trust Account Balance	$200 million
Operating Expenses (2022)	$2.5 million
Cash and Cash Equivalents (Q2 2023)	$193 million
Estimated Enterprise Value of Potential Target	$1 billion

Investment Returns

SGII's financial performance is also measured through returns on investments (ROI) after the completion of mergers. Typical SPACs target a minimum ROI of:

• 15-20% post-merger
• 10% annually in the first three years post-listing

Market Trends

As of 2023, the SPAC market has seen fluctuations in popularity influenced by regulatory changes and market conditions. The average SPAC merger valuation has been around:

Year	Average Valuation ($ billion)
2021	$3.5 billion
2022	$1.8 billion
2023	$2.2 billion

Cost Structure

SGII's financial model also focuses on managing its cost structure effectively. Key costs include:

• Legal and professional fees
• Marketing and due diligence costs
• Administrative expenses

Investment Vehicles

To enhance its investment profile, SGII considers multiple investment vehicles:

• Equity investments
• Debt financing
• Partnerships with private equity firms

Regulatory Considerations

SGII operates under the regulations established by the SEC, which dictate the processes for SPAC mergers. Compliance with these regulations is crucial to avoid financial penalties or delays in acquisition timelines.

Future Outlook

The potential for SGII to generate revenue is dependent on a series of future acquisitions, anticipated market performance, and strategic integrations that may arise from these mergers. The SPAC market is expected to continue evolving, which may impact SGII's financial trajectory.



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