ANGX

#2578
Angel Studios, Inc. Class A Common Stock
4.3 4 USD
+0.03%
Market Price
Settore: Servizi di Comunicazione
Base: USD
Valuta di Profitto: USD
Intervallo Giornaliero
4.33
4.37
Intervallo Annuale
2.04
20.38
Variazione giornaliera
+2.84%
Variazione Mensile
+7.43%
Variazione di 6 mesi
+7.43%
Variazione Annuale
-75.06%
Chiusura Precedente
4.2 2
Open
4.3 6
Minimo
4.3 3
Massimo
4.3 7
Volume
147
Apri il grafico completo

Financials

Panoramica Estratto Conto Statistiche Documents

2026

Current report, Q3 FY2026
Angel Studios, Inc. current report, Q3 FY2026
8-K
Quarterly report, Q2 FY2026
Angel Studios, Inc. quarterly report, Q2 FY2026
10-Q
Current report, Q2 FY2026
Angel Studios, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Angel Studios, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Angel Studios, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Angel Studios, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Angel Studios, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Angel Studios, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Angel Studios, Inc. current report, Q2 FY2026
8-K
Quarterly report, Q1 FY2026
Angel Studios, Inc. quarterly report, Q1 FY2026
10-Q

Angel Studios, Inc. current report, Q3 FY2025

Full document

Angel Studios, Inc. (ANGX) - Form 8-K Summary

Business Context and Reporting Period

Date of Report: September 10, 2025
Event: Consummation of Business Combination (Merger)
Parties: Southport Acquisition Corporation (formerly "Southport") merged with Angel Studios Legacy, Inc. ("Angel Legacy").
Result: The Company changed its name to "Angel Studios, Inc." and ceased to be a shell company. Angel Legacy survives as a wholly-owned subsidiary. The Company now operates as a holding company with a dual-class common stock structure listed on the NYSE under the ticker "ANGX".

Key Financial Metrics

Revenue, Profit, Cash Flow, Margins, Debt, Liquidity: This Form 8-K is a current report regarding the completion of a merger and does not contain specific historical revenue, profit, cash flow, margin, debt, or liquidity figures for the combined entity or Angel Legacy.
Reference to Financial Data:

  • Audited Financial Statements: Angel Legacy statements for fiscal years ended Dec 31, 2024 and 2023 are included as Exhibit 99.1.
  • Unaudited Financial Statements: Angel Legacy statements for the six months ended June 30, 2025 are included as Exhibit 99.2.
  • Pro Forma Information: Unaudited pro forma condensed combined balance sheet (as of June 30, 2025) and statements of operations are included as Exhibit 99.3.
Capital Structure (as of Sept 11, 2025):
  • Class A Common Stock: 99,910,315 shares outstanding (1 vote per share).
  • Class B Common Stock: 68,703,802 shares outstanding (10 votes per share).
  • Total Voting Power: 786,948,335 votes available.

Material Changes vs. Prior Period

  • Corporate Status: Transitioned from a shell company (Southport) with no operations to an operating holding company.
  • Stock Listing: Trading moved from OTC Pink Marketplace (tickers PORT, PORTW, PORTU) to The New York Stock Exchange (ticker ANGX).
  • Security Conversion:
    • Angel Legacy common stock converted to Company Common Stock based on the Merger Consideration Per Fully Diluted Share.
    • Angel Legacy options converted to Company options with adjusted share counts and exercise prices.
    • Southport Class B stock converted to Class A on a 1-for-1 basis prior to the merger.
    • Southport Public Warrants converted into Company Common Stock.
  • Leadership Changes:
    • Resignations: All Southport Board members (including Jeb Spencer, former CEO) resigned.
    • Appointments: Neal Harmon appointed CEO and Chairman; Jeffrey Harmon (CCO), Jordan Harmon (President), Elizabeth Ellis (COO), and Scott Klossner (CFO) appointed as executive officers.

Guidance, Outlook, Risks, and Unusual Items

Management Commentary & Outlook: The filing includes forward-looking statements regarding the ability to recognize benefits of the combination, achieve profitability, monetize projects, and retain key employees. No specific numerical guidance (e.g., revenue targets) is provided in this text.

Risks and Contingencies:

  • Profitability: Uncertainty regarding the ability to achieve and maintain future profitability.
  • Content Monetization: Risks related to successfully monetizing projects and creating popular content.
  • Competition: Ability to compete with current and new competitors in the streaming/content space.
  • Technology & Cybersecurity: Reliance on third-party partners and risks of system disruption or cyber-attacks.
  • Capital Needs: Ability to consummate interim financing or raise additional capital if necessary.
  • Legal: Risks associated with defending litigation or investigations.

Unusual Items:

  • Lock-Up Agreement: Entered into with the Sponsor and certain Angel Legacy stockholders.
  • Registration Rights: Amended and Restated Registration Rights Agreement executed.
  • Indemnification: New indemnification agreements entered with all directors and officers.

Investor Verification Checklist

  • Pro Forma Financials: Review Exhibit 99.3 for unaudited pro forma combined financial position and results of operations.
  • Historical Performance: Review Exhibits 99.1 and 99.2 for Angel Legacy's audited and unaudited historical financial statements.
  • Ownership Concentration: Verify the dual-class voting structure where Class B shares (held primarily by Neal and Jeffrey Harmon) control approximately 61.96% of total voting power despite representing a minority of total shares.
  • Lock-Up Periods: Review the Lock-Up Agreement (Exhibit 4.1) to understand restrictions on selling shares by insiders and the Sponsor.
  • Risk Factors: Consult the Proxy Statement (referenced in the filing) for a comprehensive list of risk factors beginning on page 91.
  • Debt Obligations: Review the Note Purchase Agreement (Exhibit 10.4) and Loan and Security Agreement (Exhibit 10.5) for details on debt financing and covenants.