Seaport Global Acquisition II Corp.
SGIIW
NASDAQ Global Market0.00
USD
+0.00
- -
Seaport Global Acquisition II Corp.
SGIIW
(NASDAQ Global Market)
Recent
price
0.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Seaport Global Acquisition II Corp. Seaport Global Acquisition II Corp. is a blank check company whose principal business activity involves seeking and completing an initial business combination through a merger, share exchange, asset acquisition, share purchase, reorganization, or similar transaction with one or more businesses; it conducts no significant operations prior to such a combination. Incorporated in 2021 and headquartered at 360 Madison Avenue, 20th Floor, New York, New York, the company generates no revenue and maintains its funds in a trust account for potential distribution to public shareholders in the event of liquidation. It originally targeted sectors such as mining and quarrying of nonmetallic minerals, including energy and transportation-related opportunities, with operations focused in the United States. The company offers Class A ordinary shares, units comprising one Class A ordinary share and one-half of one redeemable warrant, and public warrants exercisable for one Class A ordinary share each at $11.50 per share; these securities trade on the Nasdaq Capital Market under the symbols SGII, SGIIU, and SGIIW, respectively, though trading has been limited following key developments. In November 2023, Seaport Global Acquisition II Corp. terminated its merger agreement with American Battery Materials, Inc., which had been announced in June 2023 to create a Nasdaq-listed entity focused on direct lithium extraction and critical minerals at a pro forma enterprise value of $225 million; the deal included plans for ABM shareholders to own 70% of the combined company post-closing. Unable to complete a business combination within its charter deadline, the company redeemed all public shares at approximately $10.78 each, liquidated its trust account, directed the delisting of its securities from Nasdaq via Form 25, and filed a Form 15 to deregister with the SEC in December 2023. Warrants expired worthless with no redemption rights, marking the cessation of its active pursuit of a target amid ongoing low-volume trading of residual warrants as of 2025.