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Friday, December 1, 2023

Equity Corporate Actions Alert #2023 - 698
Information Regarding the Redemption of Seaport Global Acquisition II Corp. (SGII/W/U)

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  • Industry Announcement

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Seaport Global Acquisition II Corp. (SGII/W/U) has announced it will redeem its public shares and will not consummate an initial business combination. As of the close of business on December 1, 2023, the public shares will be deemed cancelled and will represent only the right to receive the Redemption Amount. The details are as follows:

Company Name & Issue Type: Seaport Global Acquisition II Corp. Class A Common Stock
CUSIP#: 81221H105
Symbol: SGII
Last Trading Date: December 1, 2023
Marketplace Effective Date for Suspension: December 4, 2023
Redemption rate: $10.835 per Class A Common Stock
Company Name & Issue Type: Seaport Global Acquisition II Corp. Warrants
CUSIP#: 81221H113
Symbol: SGIIW
Last Trading Date: December 1, 2023
Marketplace Effective Date for Suspension: December 4, 2023
Redemption rate: There will be no redemption rights or liquidating distributions with respect to the Company’s warrants, which will expire worthless.
Company Name & Issue Type: Seaport Global Acquisition II Corp. Unit
CUSIP#: 81221H204
Symbol: SGIIU
Last Trading Date: December 1, 2023
Marketplace Effective Date for Suspension: December 4, 2023
Redemption rate: $10.835 per Class A Common Stock

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