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Seaport Global Acquisition II Corp. - SGII

  • Commons

    $9.89

    +0.20%

    SGII Vol: 130.0

  • Warrants

    $0.44

    -8.15%

    SGIIW Vol: 517.0

  • Units

    $10.00

    +0.00%

    SGIIU Vol: 0.0

Average: 0
Rating Count: 0
You Rated: Not rated

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SPAC Stats

Market Cap: 0.0
Average Volume: 49.9K
52W Range: $9.67 - $11.00
Weekly %: -0.41%
Monthly %: -0.81%
Inst Owners: 2

Info

Target: Searching
Days Since IPO: 67
Unit composition:
Each unit has an offering price of $10.00 and consists of one share of our Class A common stock and one-half of one redeemable warrant
Trust Size: 12500000.0M

Management

Our officers, directors and director nominees are as follows: Name ​ ​ Age ​ ​ Position ​ Stephen C. Smith ​ ​ 61 ​ ​ Chairman of the Board and Chief Executive Officer ​ Jay Burnham ​ ​ 58 ​ ​ Chief Financial Officer and Director ​ Shelley Greenhaus ​ ​ 68 ​ ​ Director Nominee ​ Jeremy Hedberg ​ ​ 49 ​ ​ Director Nominee ​ Charles Yamarone ​ ​ 62 ​ ​ Director Nominee ​ Salvatore Bonomo ​ ​ 34 ​ ​ Chief Operating Officer ​ Edward Heim ​ ​ 34 ​ ​ Secretary ​ Stephen C. Smith, Chairman and Chief Executive Officer Stephen C. Smith, our Chairman and Chief Executive Officer, founded Seaport Global Asset Management LLC, an SEC registered investment advisor and a wholly-owned subsidiary of Seaport Global Holdings LLC, in August 2017. He currently serves as the Chairman of Seaport Global Acquisition Corp., a special purpose acquisition company also sponsored by SGAM, as well as serving as the Chairman of Seaport Calibre Acquisition Corp. (“SCMA”), another special purpose acquisition company. Mr. Smith is also SGAM’s Chief Executive Officer and Chairman of its Investment Committee and oversees all of SGAM’s investing and business activities. In April 2001, Mr. Smith co-founded The Seaport Group LLC (currently known as SGH), which is a full-service, mid-sized independent investment bank that offers capital markets advisory, sales, trading and research services. Prior to that, from December 1999 to March 2001, Mr. Smith was a managing director at Amroc Securities, LLC, a financial service firm, where he focused on distressed sales and trading. In June 1991, he co-founded a distressed debt broker-dealer, Libra Investments, Inc., which was acquired by U.S. Bancorp in January 1999. Mr. Smith began his career at Merrill Lynch in 1982 and from 1984 to 1988 he ran the taxable fixed income trading desk for its unit trust department. In addition, Mr. Smith worked as a salesperson at S.N. Phelps & Co., a financial management firm, from 1988 to 1989 and Jefferies & Company, a financial services company, from 1989 to 1991. Mr. Smith received a Bachelor of Science degree in Finance from Indiana University. He is well qualified to serve as our Chairman and Chief Executive given his extensive experience in distressed debt, restructurings, and transaction expertise. Jay Burnham, Chief Financial Officer and Director Jay Burnham, our Chief Financial Officer and a director, is a member of SGAM’s Investment Committee, a sub advisor to various SGAM funds and managed accounts, and is the Managing Member of Sunset Way LLC, an asset management company. Mr. Burnham previously served as a Portfolio Manager and Managing Member of Armory Advisors, LLC, a special situations and distressed debt asset management firm that is affiliated with SGAM. He is also a director of Seaport Global Acquisition Corp., a special purpose acquisition company also sponsored by SGAM. Prior to joining Armory Advisors, LLC, Mr. Burnham was a portfolio manager at Cypress Management, LLC, an investment management firm, from May 2003 to June 2004. From November 2001 to May 2003, Mr. Burnham was an Investment Manager at Rocker Management, LLC, an investment management company, where he was responsible for distressed debt and equity investments in companies in a variety of industries and participated as a major creditor in the restructuring of XM Satellite Radio. From April 1999 to November 2001, he was a founder and an investment manager at Reprise Capital Partners, LLC, a distressed debt investment firm. From March 1996 to March 1999, Mr. Burnham was an Investment Manager at DDJ Capital Management, LLC, an investment management company. From January 1995 to February 1996, he was an investment analyst at Libra Investments, Inc., a distressed debt broker-dealer founded by our Chairman. From June 1990 to November 1994, he was an investment manager at Paul D. Sonz Partners, an investment management company. Mr. Burnham has acted as a director of a number of public and private companies in turnaround 118 TABLE OF CONTENTS situations, including acting as a director of Live Entertainment, Inc. (Nasdaq: LVE), a film distribution company that was acquired by Bain Capital in 1997 and became Artisan Entertainment, Inc., Bally’s Grand, Inc. (Nasdaq: BGLV), a gaming and entertainment company that was acquired by Bally’s Entertainment Corp., and New Millennium Homes, LLC, a California based homebuilding company. Mr. Burnham received a Bachelor of Arts degree in Business Economics from University of California Santa Barbara and an M.B.A. degree from Pepperdine University. He is well qualified to serve as our Chief Financial Officer and on our board due to his extensive experience in distressed debt and equity investments and public companies. Shelley Greenhaus, Director Nominee Shelley Greenhaus, our director nominee, is the founder and President of Whippoorwill Associates, Inc., which manages investments in corporate reorganizations, liquidations and other related activities and was founded in December 1990. He is also a director of Seaport Global Acquisition Corp., a special purpose acquisition company also sponsored by SGAM. Prior to Whippoorwill, from 1983 to 1990, he worked as a portfolio manager at Oppenheimer & Co. Inc., a full-service brokerage firm and investment bank, with responsibility for distressed investments. From 1981 to 1983, Mr. Greenhaus became a financial analyst and portfolio manager for the William Rosenwald Family, a family office, where he was primarily involved in analyzing and managing investments involving corporate reorganizations, liquidations and related special situations. He began his business career in 1978, working as a financial analyst at Loeb, Rhoades, Hornblower & Co., a brokerage company, where he was primarily involved in analyzing risk arbitrage opportunities and distressed securities. From January 1999 to October 2003, Mr. Greenhaus served on the board of directors of Barneys New York, Inc. (Nasdaq: BNNY), a fashion retailer; from October 1998 to December 2004, he served on the board of director of Marvel Enterprises, Inc. (NYSE: MVL), a content entertainment company; and from November 1996 to December 2004, he served on the board of directors of GWI Holding, Inc. (Garden Way), a privately held power equipment company. In October 2017, he joined the board of directors of Commercial Furniture Group, Inc., a commercial furnishings company. Mr. Greenhaus received his Bachelor of Arts in Political Science from York College (City University of New York) and an M.B.A. degree from New York University Stern School of Business. He is well qualified to serve on our board due to his extensive corporate reorganization and distressed securities experience. Jeremy Hedberg, Director Nominee Mr. Jeremy Hedberg, our director nominee, has worked as a Partner, Co-Chief Investment Officer and Co-Head of Corporate and Traded Credit at Värde Partners, Inc. (“Värde”), a global alternative investment advisor currently managing $14 billion that has invested over $70 billion since inception. He joined Värde in November 1997 and has managed Värde’s liquid investing activities globally and led Värde’s significant investments in the residential mortgage sector in the U.S. He has served on a number of boards of portfolio companies owned by the Värde funds. He is also a director of Seaport Global Acquisition Corp., a special purpose acquisition company also sponsored by SGAM. He has also served on many official creditors’ committees and a number of adhoc committees to restructure companies in bankruptcy, including, but not limited to, Capmark Financial Group, Inc. a commercial finance company, Chiquita Brands International, Inc., a global fruit and food company, and Flag Telecom Holdings Ltd, a provider of international wholesale network services. Prior to joining Värde, Jeremy worked for Goldner Hawn Johnson & Morrison, a private equity fund specializing in middle-market leveraged buyouts, from June 1996 to October 1997. He also previously worked for Wessels, Arnold & Henderson, a full-service investment bank specializing in high-growth companies, from May 1994 to June 1996. Mr. Hedberg receive a Bachelor of Arts degree in Economics and Business Administration from University of St. Thomas. He is well qualified to serve on our board due to his extensive alternative investment and corporate restructure experience. Charles Yamarone, Director Nominee Mr. Charles Yamarone, our director nominee, has served as the Chief Corporate Governance and Compliance Officer of Houlihan Lokey, Inc. (NYSE: HLI), a global investment bank, since January 2016, where he advises senior management on all aspects of Houlihan Lokey’s corporate governance, compliance and internal audit, including Houlihan Lokey’s initial public offering in August 2015. He is also a director of Seaport Global Acquisition Corp., a special purpose acquisition company also sponsored by SGAM. From January 2014 to May 2015, he was a Managing Director in Houlihan Lokey’s capital markets group, where 119 TABLE OF CONTENTS he had been a senior investment banker since November 2009. Between 1991 and 2009, Mr. Yamarone was a senior officer of Libra Securities, an institutional broker dealer, and he was involved in all areas of Libra Securities’ business, including capital markets, corporate finance, sales and trading, research, legal, compliance, and operations. From January 1996 to July 2020, Mr. Yamarone was a director of the El Paso Electric Company (NYSE: EE), where he served as chairman of the audit committee, compensation committee and a member of the energy and resource committee. He was the Chairman of the Board of El Paso Electric from February 2015 until July 2020. From October 2010 to June 2016, Mr. Yamarone served as a member of the board of directors, chair of the compensation committee, a member of the executive committee and audit committee of United Continental Holdings, Inc. (NYSE: UAL). From February 1995 to October 2010, Mr. Yamarone served as a member of the board of directors of Continental Airlines, Inc. (NYSE: CAL), where he was chairman of the human resources committee and a member of the corporate governance committee. He previously served as a director of other companies, including Bally’s Grand, Inc., (Nasdaq: BGLV), a gaming and entertainment company that was acquired by Bally’s Entertainment Corp., LIVE Entertainment, Inc. (Nasdaq: LVE), a film distribution company that was acquired by Bain Capital in 1997 and became Artisan Entertainment, Inc., Merry-Go-Round Enterprises, Inc. (NYSE: MGRE), a national clothing retail chain, and Vagabond Inn Corporation, a hotel chain. Mr. Yamarone holds a B.A. in Economics and a J.D. from University of California, Berkeley. Mr. Yamarone is well qualified to serve on our board due to his extensive knowledge of capital markets, corporate finance, corporate governance, internal controls over financial reporting and auditing, as well as his public company experience. Salvatore Bonomo, Chief Operating Officer Salvatore Bonomo, our Chief Operating Officer, has been serving as Director of Operations and Compliance at SGAM since April of 2021. Prior to joining SGAM, he served as a Vice President at HPS Investment Partners, LLC from October 2015 to April 2021, during which time he worked in both the Valuations Group, where he was responsible for maintaining pricing and valuations for all investments across multiple platforms, and within the firm’s Operations Group where he assisted in supervising daily and monthly processes. Prior thereto, Mr. Bonomo worked at Armory Advisors, LLC, from March 2011 to October 2015, where he was responsible for numerous middle office functions, including but not limited to, operations, treasury and cash management, corporate actions, financial reporting, valuations and investor relations. Prior thereto, Mr. Bonomo worked for The Seaport Group, LLC as an operations specialist beginning in 2010. Edward Heim, Secretary Edward Heim, our Secretary, has been serving as Senior Operations Associate at SGAM since July 2019. Prior to joining SGAM, he served as Director of Operations for Armory Advisors, LLC from October 2015 through July 2019, where he was responsible for all firm wide operations, including but not limited to, maintaining investment portfolios, fund reconciliations, profit and loss reporting, overseeing trade settlements, financial reporting, valuations, marketing and investor relations. Prior thereto, Mr. Heim worked for Progressive Credit Union as a commercial loan underwriter beginning in April 2013 and for Astoria Federal Savings and Loan Association as a personal banker from May 2011 to March 2013. Mr. Heim has a bachelor of Science in Business Management from the Peter J. Tobin College of Business at St. John’s University. Number and Terms of Office of Officers and Directors We will have five directors upon completion of this offering. Our board of directors will be divided into three classes with only one class of directors being elected in each year and each class (except for those directors appointed prior to our first annual meeting of stockholders) serving a three-year term. In accordance with Nasdaq corporate governance requirements, we are not required to hold an annual meeting until one year after our first fiscal year end following our listing on Nasdaq. The term of office of the first class of directors, consisting of Mr. Yamarone, will expire at our first annual meeting of stockholders. The term of office of the second class of directors, consisting of Messrs. Greenhaus and Hedberg, will expire at the second annual meeting of stockholders. The term of office of the third class of directors, consisting of Messrs. Smith and Burnham, will expire at the third annual meeting of stockholders. 120 TABLE OF CONTENTS Our officers are appointed by the board of directors and serve at the discretion of the board of directors, rather than for specific terms of office. Our board of directors is authorized to appoint persons to the offices set forth in our bylaws as it deems appropriate. Our bylaws provide that our officers may consist of a Chairman of the Board, Chief Executive Officer, Chief Financial Officer, President, Vice Presidents, Secretary, Treasurer, Assistant Secretaries and such other offices as may be determined by the board of directors. Pursuant to an agreement to be entered into on or prior to the closing of this offering, our sponsor, upon and following consummation of an initial business combination, will be entitled to nominate three individuals for election to our board of directors, as long as the sponsor holds any securities covered by the registration and shareholder rights agreement. Director Independence Nasdaq listing standards require that a majority of our board of directors be independent. An “independent director” is defined generally as a person other than an officer or employee of the company or its subsidiaries or any other individual having a relationship which in the opinion of the company’s board of directors, would interfere with the director’s exercise of independent judgment in carrying out the responsibilities of a director. Our board of directors has determined that Messrs. Greenhaus, Hedberg and Yamarone are “independent directors” as defined in the Nasdaq listing standards and applicable SEC rules. Our independent directors will have regularly scheduled meetings at which only independent directors are present. Officer and Director Compensation None of our officers has received any cash compensation for services rendered to us. Commencing on the date of this prospectus, we have agreed to pay our sponsor a total of $10,000 per month for office space, utilities and secretarial and administrative support. Upon completion of our initial business combination or our liquidation, we will cease paying these monthly fees. No compensation of any kind, including any finder’s fee, reimbursement or consulting fee, will be paid by us to our sponsor, officers and directors, or any affiliate of our sponsor or officers, prior to, or in connection with any services rendered in order to effectuate, the consummation of our initial business combination (regardless of the type of transaction that it is). However, these individuals will be reimbursed for any out- of-pocket expenses incurred in connection with activities on our behalf such as identifying potential target businesses and performing due diligence on suitable business combinations. We do not have a policy that prohibits our sponsor, executive officers or directors, or any of their respective affiliates, from negotiating for the reimbursement of out-of-pocket expenses by a target business. Our audit committee will review on a quarterly basis all payments that were made to our sponsor, officers or directors, or our or their affiliates. Any such payments prior to an initial business combination will be made using funds held outside the trust account. Other than quarterly audit committee review of such payments, we do not expect to have any additional controls in place governing our reimbursement payments to our directors and executive officers for their out-of-pocket expenses incurred in connection with identifying and consummating an initial business combination. After the completion of our initial business combination, directors or members of our management team who remain with us may be paid consulting or management fees from the combined company. All of these fees will be fully disclosed to stockholders, to the extent then known, in the tender offer materials or proxy solicitation materials furnished to our stockholders in connection with a proposed initial business combination. We have not established any limit on the amount of such fees that may be paid by the combined company to our directors or members of management. It is unlikely the amount of such compensation will be known at the time of the proposed initial business combination, because the directors of the post-combination business will be responsible for determining officer and director compensation. Any compensation to be paid to our officers will be determined, or recommended to the board of directors for determination, either by a compensation committee constituted solely by independent directors or by a majority of the independent directors on our board of directors. We do not intend to take any action to ensure that members of our management team maintain their positions with us after the consummation of our initial business combination, although it is possible that some or all of our officers and directors may negotiate employment or consulting arrangements to remain 121 TABLE OF CONTENTS with us after our initial business combination. The existence or terms of any such employment or consulting arrangements to retain their positions with us may influence our management’s motivation in identifying or selecting a target business but we do not believe that the ability of our management to remain with us after the consummation of our initial business combination will be a determining factor in our decision to proceed with any potential business combination. We are not party to any agreements with our officers and directors that provide for benefits upon termination of employment. Committees of the Board of Directors Our board of directors will have two standing committees: an audit committee and a compensation committee. Subject to phase-in rules and a limited exception, Nasdaq rules and Rule 10A-3 of the Exchange Act require that the audit committee of a listed company be comprised solely of independ

Holder Stats

1 0
% of Shares Held by All Insider 0.00%
% of Shares Held by Institutions 15.03%
% of Float Held by Institutions 15.03%
Number of Institutions Holding Shares 2

SEC Filings

Form Type Form Description Filing Date Document Link
10-Q FORM 10-Q 2021-12-23 https://www.sec.gov/Archives/edgar/data/1869824/000141057821000595/sgii-20210930x10q.htm
8-K FORM 8-K 2021-11-30 https://www.sec.gov/Archives/edgar/data/1869824/000110465921145014/tm2134026d1_8k.htm
SC 13G SEAPORT GLOBAL ACQUISITION II CORP. 2021-11-29 https://www.sec.gov/Archives/edgar/data/1869824/000090266421005114/p21-2606sc13g.htm
SC 13G 2021-11-29 https://www.sec.gov/Archives/edgar/data/1869824/000093583621000668/seaportglobalacquisition13g.htm
SC 13G 2021-11-29 https://www.sec.gov/Archives/edgar/data/1869824/000093583621000667/seaportglobalacquisition13g.htm
SC 13G FORM SC 13G 2021-11-26 https://www.sec.gov/Archives/edgar/data/1869824/000106299321011680/formsc13g.htm
8-K FORM 8-K 2021-11-22 https://www.sec.gov/Archives/edgar/data/1869824/000110465921142493/tm2133548d1_8k.htm
424B4 424B4 2021-11-18 https://www.sec.gov/Archives/edgar/data/1869824/000110465921141249/tm2125442-10_424b4.htm
EFFECT 2021-11-17 https://www.sec.gov/Archives/edgar/data/1869824/999999999521004382/xslEFFECTX01/primary_doc.xml
3 OWNERSHIP DOCUMENT 2021-11-17 https://www.sec.gov/Archives/edgar/data/1869824/000110465921140710/xslF345X02/tm2133202d8_3.xml
3 OWNERSHIP DOCUMENT 2021-11-17 https://www.sec.gov/Archives/edgar/data/1869824/000110465921140709/xslF345X02/tm2133202d7_3.xml
3 OWNERSHIP DOCUMENT 2021-11-17 https://www.sec.gov/Archives/edgar/data/1869824/000110465921140708/xslF345X02/tm2133202d6_3.xml
3 OWNERSHIP DOCUMENT 2021-11-17 https://www.sec.gov/Archives/edgar/data/1869824/000110465921140706/xslF345X02/tm2133202d5_3.xml
3 OWNERSHIP DOCUMENT 2021-11-17 https://www.sec.gov/Archives/edgar/data/1869824/000110465921140705/xslF345X02/tm2133202d4_3.xml
3 OWNERSHIP DOCUMENT 2021-11-17 https://www.sec.gov/Archives/edgar/data/1869824/000110465921140703/xslF345X02/tm2133202d3_3.xml
3 OWNERSHIP DOCUMENT 2021-11-17 https://www.sec.gov/Archives/edgar/data/1869824/000110465921140700/xslF345X02/tm2133202d2_3.xml
3 OWNERSHIP DOCUMENT 2021-11-17 https://www.sec.gov/Archives/edgar/data/1869824/000110465921140698/xslF345X02/tm2133202d1_3.xml
CERT 2021-11-17 https://www.sec.gov/Archives/edgar/data/1869824/000135445721001346/8A_Cert_SGII.pdf
8-A12B 8-A12B 2021-11-16 https://www.sec.gov/Archives/edgar/data/1869824/000110465921140012/tm2125442d13_8a12b.htm
CORRESP 2021-11-15 https://www.sec.gov/Archives/edgar/data/1869824/000110465921139512/filename1.htm
CORRESP 2021-11-15 https://www.sec.gov/Archives/edgar/data/1869824/000110465921139510/filename1.htm
S-1/A S-1/A 2021-11-10 https://www.sec.gov/Archives/edgar/data/1869824/000110465921136903/tm2125442-8_s1a.htm
S-1 S-1 2021-11-01 https://www.sec.gov/Archives/edgar/data/1869824/000110465921131920/tm2125442-6_s1.htm
DRS/A 2021-10-18 https://www.sec.gov/Archives/edgar/data/1869824/000110465921126846/filename1.htm
DRSLTR 2021-10-15 https://www.sec.gov/Archives/edgar/data/1869824/000110465921126885/filename1.htm
UPLOAD 2021-09-27 https://www.sec.gov/Archives/edgar/data/1869824/000000000021011727/filename1.pdf
DRS 2021-08-31 https://www.sec.gov/Archives/edgar/data/1869824/000110465921111689/filename1.htm