{"version":"company-facts.v1","source":"https://secwatch.observer","generated_at":"2026-08-31T12:51:36.693507+00:00","company":{"ticker":"ANGX","cik":1865200,"company_name":"Angel Studios, Inc."},"pagination":{"limit":100,"returned":27,"next_cursor":null},"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer","counterparties":{"contract_counterparty":[{"display_name":"Oppenheimer & Co. Inc., TCBI Securities, Inc., doing business as Texas Capital Securities, Maxim Group LLC and Roth Capital Partners, LLC","detail":"atm_program","count":1,"first_seen":"2025-12-05T23:59:59+00:00","last_seen":"2025-12-05T23:59:59+00:00","evidence_fact_ids":[140786]},{"display_name":"Roth Capital Partners, LLC","detail":"underwriting","count":1,"first_seen":"2026-04-13T23:59:59+00:00","last_seen":"2026-04-13T23:59:59+00:00","evidence_fact_ids":[24844]},{"display_name":"Trinity Capital Inc.","detail":"credit_facility","count":1,"first_seen":"2026-02-23T23:59:59+00:00","last_seen":"2026-02-23T23:59:59+00:00","evidence_fact_ids":[31371]}]},"facts":[{"fact_type":"governance_change","fact_key":"f1b2956fca8d1ded765a482bc59c0aab60935137","cik":1865200,"ticker":"ANGX","company_name":"Angel Studios, Inc.","filed_at":"2026-06-17T23:45:18+00:00","payload":{"change_type":"charter_amendment","effective_date":"2026-06-17","item_codes_triggered":["5.03"],"summary_text":"Amended certificate of incorporation to revise automatic conversion provisions for Class B common stock regarding Qualifying Purpose Trusts and Qualifying Estate Planning Trusts and modify death/permanent incapacity conversion rules."},"claim":"Angel Studios, Inc.: Amended certificate of incorporation to revise automatic conversion provisions for Class B common stock regarding Qualifying Purpose Trusts and Qualifying Estate Planning Trusts and modify death/permanent incapacity conversion rules (effective 2026-06-17).","evidence_excerpt":"On June 17, 2026, Angel Studios, Inc. (the “Company”) filed a Third Amended and Restated Certificate of Incorporation (the “Amended Charter”) with the Secretary of State of the State of Delaware to revise certain provisions relating to the automatic conversion of shares of the Company’s Class B common stock, par value $0.0001 per share (the “Class B Common Stock”), into shares of Class A common stock, par value $0.0001 per share, upon the occurrence of certain transfers of Class B Common Stock or upon the death or permanent incapacity of a holder.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001865200-26-000048","anchor_url":"https://secwatch.observer/filing/0001865200-26-000048#claim-f1b2956fca8d1ded765a482bc59c0aab60935137","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1865200/000186520026000048/0001865200-26-000048-index.htm"},{"fact_type":"shareholder_vote","fact_key":"b604905a99dac3eeb3060e6489bc05105eaa14ba","cik":1865200,"ticker":"ANGX","company_name":"Angel Studios, Inc.","filed_at":"2026-06-17T23:45:18+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2026-06-17","outcome":"passed","proposal_text":"Adoption of Amended Charter","proposal_type":"charter_amendment","results":[{"broker_non_votes":null,"subject":null,"votes_abstain":null,"votes_against":null,"votes_for":"43,944,071","votes_withheld":null}]},"claim":"Angel Studios, Inc. shareholders approved Adoption of Amended Charter at the 2026-06-17 meeting.","evidence_excerpt":"On June 17, 2026, there were 56,735,246 shares of Class B Common Stock outstanding. Stockholders holding an aggregate of 43,944,071 shares of Class B Common Stock, representing 77.45% of the outstanding Class B Common Stock, consented to the adoption of the Amended Charter.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001865200-26-000048","anchor_url":"https://secwatch.observer/filing/0001865200-26-000048#claim-b604905a99dac3eeb3060e6489bc05105eaa14ba","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1865200/000186520026000048/0001865200-26-000048-index.htm"},{"fact_type":"shareholder_vote","fact_key":"4e7acf033296210fbd5651df53cd053e10555ce4","cik":1865200,"ticker":"ANGX","company_name":"Angel Studios, Inc.","filed_at":"2026-05-22T20:04:06+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2026-05-21","outcome":"passed","proposal_text":"Ratification of the appointment of Tanner LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026.","proposal_type":"auditor_ratification","results":[{"broker_non_votes":"0","subject":null,"votes_abstain":"596,377","votes_against":"309,577","votes_for":"519,551,386","votes_withheld":"0"}]},"claim":"Angel Studios, Inc. shareholders approved Ratification of the appointment of Tanner LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026. at the 2026-05-21 meeting.","evidence_excerpt":"Proposal 2 – Ratification of the Appointment of the Independent Registered Public Accounting Firm The Company’s stockholders approved Proposal 2. The votes cast were as follows: ​ For Against Abstain 519,551,386 309,577 596,377","confidence":0.99,"filing_url":"https://secwatch.observer/filing/0001865200-26-000040","anchor_url":"https://secwatch.observer/filing/0001865200-26-000040#claim-4e7acf033296210fbd5651df53cd053e10555ce4","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1865200/000186520026000040/0001865200-26-000040-index.htm"},{"fact_type":"earnings_release","fact_key":"f0e13ccf81364877111022f10b5574c49a85275e","cik":1865200,"ticker":"ANGX","company_name":"Angel Studios, Inc.","filed_at":"2026-04-30T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"reaffirmed","item_codes_triggered":["2.02"],"net_income_text":"$13.8 million or ($0.08) per share","period_text":"first quarter ended March 31, 2026","report_date":"2026-04-30","result_type":"reported_results","revenue_text":"$115.1 million"},"claim":"Angel Studios, Inc. reported first quarter ended March 31, 2026 results: revenue $115.1 million, net income $13.8 million or ($0.08) per share. Guidance reaffirmed.","evidence_excerpt":"forth by specific reference in such a filing. ​ \n\n--- EX-99 (EX-99.1) ---\n\nAngel Reports First Quarter 2026 Financial Results with 11% Growth in Guild Membership ~ Revenue of $115.1 Million, Representing a 143% Year-Over-Year Increase ~ ~ Adjusted EBITDA Improves to $4.0 Million From $(28.7) Million in Q1 2025 ~ ~ Selling and Marketing expense improved from 107% of","confidence":0.85,"filing_url":"https://secwatch.observer/filing/0001865200-26-000034","anchor_url":"https://secwatch.observer/filing/0001865200-26-000034#claim-f0e13ccf81364877111022f10b5574c49a85275e","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1865200/000186520026000034/0001865200-26-000034-index.htm"},{"fact_type":"material_agreement","fact_key":"336bdef2674e2070664fd6c54675548a32516162","cik":1865200,"ticker":"ANGX","company_name":"Angel Studios, Inc.","filed_at":"2026-04-13T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Underwriting Agreement","agreement_type":"underwriting","counterparty":"Roth Capital Partners, LLC","effective_date":"2026-04-10","item_codes_triggered":["1.01"],"value_text":"approximately $28.0 million"},"claim":"Angel Studios, Inc. entered into Underwriting Agreement with Roth Capital Partners, LLC valued at approximately $28.0 million (effective 2026-04-10).","evidence_excerpt":"On April 10, 2026, Angel Studios, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”), between the Company and Roth Capital Partners, LLC, as the representative of the several underwriters listed on Schedule I thereto (the “Underwriters”), for the issuance and sale by the Company of 14,300,000 shares of its Class A common stock, par value $0.0001 per share (the “Common Stock”) at a price to the public of $2.10 per share (the “Offering”).","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001104659-26-042150","anchor_url":"https://secwatch.observer/filing/0001104659-26-042150#claim-336bdef2674e2070664fd6c54675548a32516162","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1865200/000110465926042150/0001104659-26-042150-index.htm"},{"fact_type":"earnings_release","fact_key":"97fd0f3b1c228c914571d90fe768c0e5c8a3971c","cik":1865200,"ticker":"ANGX","company_name":"Angel Studios, Inc.","filed_at":"2026-03-12T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"initiated","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"the full year 2026","report_date":"2026-03-12","result_type":"guidance_update","revenue_text":null},"claim":"Angel Studios, Inc. updated its the full year 2026 guidance (initiated).","evidence_excerpt":"The Company anticipates a significantly narrowed Adjusted EBITDA loss of less than $25 million for the full year 2026.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001865200-26-000018","anchor_url":"https://secwatch.observer/filing/0001865200-26-000018#claim-97fd0f3b1c228c914571d90fe768c0e5c8a3971c","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1865200/000186520026000018/0001865200-26-000018-index.htm"},{"fact_type":"earnings_release","fact_key":"cd242733f6076a1bade36d25d752b1c38f56fe7b","cik":1865200,"ticker":"ANGX","company_name":"Angel Studios, Inc.","filed_at":"2026-03-12T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"initiated","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"the twelve months ended December 31, 2025","report_date":"2026-03-12","result_type":"reported_results","revenue_text":"$321.6 million"},"claim":"Angel Studios, Inc. reported the twelve months ended December 31, 2025 results: revenue $321.6 million. Guidance initiated.","evidence_excerpt":"For the 2025 full year, revenue increased 233.2% to $321.6 million, compared to $96.5 million for the full year ended December 31, 2024.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001865200-26-000018","anchor_url":"https://secwatch.observer/filing/0001865200-26-000018#claim-cd242733f6076a1bade36d25d752b1c38f56fe7b","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1865200/000186520026000018/0001865200-26-000018-index.htm"},{"fact_type":"earnings_release","fact_key":"5c179b16e459163fcf04519a4b0af1ac2c0115f3","cik":1865200,"ticker":"ANGX","company_name":"Angel Studios, Inc.","filed_at":"2026-03-12T23:59:59+00:00","payload":{"eps_text":"($0.47) per share","guidance_signal":"initiated","item_codes_triggered":["2.02"],"net_income_text":"$78.6 million","period_text":"the fourth quarter ended December 31, 2025","report_date":"2026-03-12","result_type":"reported_results","revenue_text":"$109.9 million"},"claim":"Angel Studios, Inc. reported the fourth quarter ended December 31, 2025 results: revenue $109.9 million, net income $78.6 million, EPS ($0.47) per share. Guidance initiated.","evidence_excerpt":"Total revenue was $109.9 million in the fourth quarter of 2025 and $321.6 million for the twelve months ended December 31, 2025, compared to $31.0 million and $96.5 million in the prior year periods, respectively. The quarterly increase in revenues was due to an increase in Angel Guild revenue of $54.7 million and theatrical release revenue, which increased by $19.6 million as a result of the success of the DAVID theatrical rollout. Gross Margin for the quarter was 60% compared to 58% a year ago in Q4. Selling and marketing for the fourth quarter of 2025 was $120.6 million, compared to $38.0 million for the 2024 comparable quarter. The increase was largely due to faster than expected Guild member growth and the marketing investment to support the DAVID release. Net loss was $78.6 million, or ($0.47) per share, in the fourth quarter of 2025, compared to a net loss of $37.2 million, or ($0.26) per share, in the fourth quarter of 2024.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001865200-26-000018","anchor_url":"https://secwatch.observer/filing/0001865200-26-000018#claim-5c179b16e459163fcf04519a4b0af1ac2c0115f3","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1865200/000186520026000018/0001865200-26-000018-index.htm"},{"fact_type":"material_agreement","fact_key":"ff647de2527eecef95f14719f98298755946509b","cik":1865200,"ticker":"ANGX","company_name":"Angel Studios, Inc.","filed_at":"2026-02-23T23:59:59+00:00","payload":{"action":"amendment","agreement_name":"Ratification and First Amendment to Loan and Security Agreement","agreement_type":"credit_facility","counterparty":"Trinity Capital Inc., as agent for the lenders","effective_date":"2025-09-09","item_codes_triggered":["1.01"],"value_text":null},"claim":"Angel Studios, Inc. amended Ratification and First Amendment to Loan and Security Agreement with Trinity Capital Inc., as agent for the lenders (effective 2025-09-09).","evidence_excerpt":"On February 17, 2026, Angel Studios, Inc., a Delaware corporation (the “Company”), and certain of the Company’s subsidiaries entered into a Ratification and First Amendment to Loan and Security Agreement, effective as of September 9, 2025 (the “First Credit Facility Amendment”), which amended the Loan and Security Agreement (the “Credit Facility”), dated as of September 8, 2025, by and among Angel Studios Legacy, Inc. (f/k/a Angel Studios, Inc.), a Delaware corporation (the “Original Borrower”), and certain of the Original Borrower’s subsidiaries, certain lenders thereunder, and Trinity Capital Inc., a Maryland corporation, as agent for the lenders (“Administrative Agent”).","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001865200-26-000016","anchor_url":"https://secwatch.observer/filing/0001865200-26-000016#claim-ff647de2527eecef95f14719f98298755946509b","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1865200/000186520026000016/0001865200-26-000016-index.htm"},{"fact_type":"material_agreement","fact_key":"273ad9d8d57e7589216d47041931c14ae32dc4d4","cik":1865200,"ticker":"ANGX","company_name":"Angel Studios, Inc.","filed_at":"2025-12-05T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Distribution Agreement","agreement_type":"atm_program","counterparty":"Oppenheimer & Co. Inc., TCBI Securities, Inc., doing business as Texas Capital Securities, Maxim Group LLC and Roth Capital Partners, LLC","effective_date":"2025-12-05","item_codes_triggered":["1.01"],"value_text":"$150,000,000"},"claim":"Angel Studios, Inc. entered into Distribution Agreement with Oppenheimer & Co. Inc., TCBI Securities, Inc., doing business as Texas Capital Securities, Maxim Group LLC and Roth Capital Partners, LLC valued at $150,000,000 (effective 2025-12-05).","evidence_excerpt":"On December 5, 2025, Angel Studios, Inc., a Delaware corporation (the “Company”) entered into an Equity Distribution Agreement (the “Distribution Agreement”) with Oppenheimer & Co. Inc., TCBI Securities, Inc., doing business as Texas Capital Securities, Maxim Group LLC and Roth Capital Partners, LLC (each, a “Sales Agent,” and together, the “Sales Agents”), pursuant to which the Company may offer and sell from time to time shares of its Class A common stock, par value $0.0001 per share (“Common Stock”), having an aggregate offering price of up to $150,000,000, to or through the Sales Agents in an “at-the-market” equity offering program.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001104659-25-118883","anchor_url":"https://secwatch.observer/filing/0001104659-25-118883#claim-273ad9d8d57e7589216d47041931c14ae32dc4d4","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1865200/000110465925118883/0001104659-25-118883-index.htm"},{"fact_type":"governance_change","fact_key":"d92018bd4d5cb82349a7f4d6d18928b21b97a9b2","cik":1865200,"ticker":"ANGX","company_name":"Angel Studios, Inc.","filed_at":"2025-09-16T23:59:59+00:00","payload":{"change_type":"shell_status","effective_date":null,"item_codes_triggered":["5.06"],"summary_text":"As a result of the Merger, the Company ceased to be a shell company as of the Closing Date."},"claim":"Angel Studios, Inc.: As a result of the Merger, the Company ceased to be a shell company as of the Closing Date.","evidence_excerpt":"As a result of the Merger, which fulfilled the definition of a business combination as required by the Amended and Restated Certificate of Incorporation of the Company, in effect immediately prior to the Closing Date, the Company ceased to be a shell company (as defined in Rule 12b-2 of the Exchange Act) as of the Closing Date.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001104659-25-090427","anchor_url":"https://secwatch.observer/filing/0001104659-25-090427#claim-d92018bd4d5cb82349a7f4d6d18928b21b97a9b2","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1865200/000110465925090427/0001104659-25-090427-index.htm"},{"fact_type":"governance_change","fact_key":"f8e918e16a11ac047c079f2f9af4f7010f049ad4","cik":1865200,"ticker":"ANGX","company_name":"Angel Studios, Inc.","filed_at":"2025-09-16T23:59:59+00:00","payload":{"change_type":"bylaw_amendment","effective_date":"2024-09-09","item_codes_triggered":["5.03"],"summary_text":"Board approved and adopted the Bylaws, effective as of the Effective Time."},"claim":"Angel Studios, Inc.: Board approved and adopted the Bylaws, effective as of the Effective Time (effective 2024-09-09).","evidence_excerpt":"On September 9, 2024, the Board approved and adopted the Bylaws, which became effective as of the Effective Time, in accordance with the Merger Agreement.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001104659-25-090427","anchor_url":"https://secwatch.observer/filing/0001104659-25-090427#claim-f8e918e16a11ac047c079f2f9af4f7010f049ad4","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1865200/000110465925090427/0001104659-25-090427-index.htm"},{"fact_type":"governance_change","fact_key":"35235fe4d79550c5fa1f666910f0f440d5a6254b","cik":1865200,"ticker":"ANGX","company_name":"Angel Studios, Inc.","filed_at":"2025-09-16T23:59:59+00:00","payload":{"change_type":"charter_amendment","effective_date":null,"item_codes_triggered":["5.03"],"summary_text":"Stockholders approved and adopted the Charter, effective upon filing with the Secretary of State of Delaware on the Closing Date."},"claim":"Angel Studios, Inc.: Stockholders approved and adopted the Charter, effective upon filing with the Secretary of State of Delaware on the Closing Date.","evidence_excerpt":"At the Company Special Meeting, the Company stockholders approved and adopted the Charter, which became effective upon filing with the Secretary of State of the State of Delaware on the Closing Date.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001104659-25-090427","anchor_url":"https://secwatch.observer/filing/0001104659-25-090427#claim-35235fe4d79550c5fa1f666910f0f440d5a6254b","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1865200/000110465925090427/0001104659-25-090427-index.htm"},{"fact_type":"auditor_change","fact_key":"e1b67375577980f9ed430ee9d6be299ff57d6e2a","cik":1865200,"ticker":"ANGX","company_name":"Angel Studios, Inc.","filed_at":"2025-09-15T23:59:59+00:00","payload":{"action":"engagement","auditor_name":"Tanner LLC","disagreement_text":null,"effective_date":"2025-09-15","item_codes_triggered":["4.01"],"non_reliance_signal":"none","successor_auditor_name":null},"claim":"Angel Studios, Inc. engaged Tanner LLC as its auditor.","evidence_excerpt":"On September 15, 2025, the audit committee of the Board approved the appointment of Tanner LLC, (“ Tanner ”) as the Company’s independent registered public accounting firm to audit the Company’s consolidated financial statements effective for the year ended December 31, 2025.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001104659-25-089732","anchor_url":"https://secwatch.observer/filing/0001104659-25-089732#claim-e1b67375577980f9ed430ee9d6be299ff57d6e2a","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1865200/000110465925089732/0001104659-25-089732-index.htm"},{"fact_type":"auditor_change","fact_key":"899c76933cac88c8b5b1615f3d3570e68fe6a052","cik":1865200,"ticker":"ANGX","company_name":"Angel Studios, Inc.","filed_at":"2025-09-15T23:59:59+00:00","payload":{"action":"dismissal","auditor_name":"BDO USA, P.C.","disagreement_text":null,"effective_date":"2025-09-15","item_codes_triggered":["4.01"],"non_reliance_signal":"none","successor_auditor_name":"Tanner LLC"},"claim":"Angel Studios, Inc. dismissed BDO USA, P.C. as its auditor.","evidence_excerpt":"BDO USA, P.C. (“ BDO ”), the independent registered public accounting firm of Southport was informed on September 10, 2025 that it would be replaced by Tanner as the Company’s independent registered public accounting firm, effective September 15, 2025.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001104659-25-089732","anchor_url":"https://secwatch.observer/filing/0001104659-25-089732#claim-899c76933cac88c8b5b1615f3d3570e68fe6a052","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1865200/000110465925089732/0001104659-25-089732-index.htm"},{"fact_type":"governance_change","fact_key":"eacc9237c9878b9559381a778226965dd463edb2","cik":1865200,"ticker":"ANGX","company_name":"Angel Studios, Inc.","filed_at":"2024-11-13T23:59:59+00:00","payload":{"change_type":"charter_amendment","effective_date":"2024-11-13","item_codes_triggered":["5.03"],"summary_text":"The Company amended its Amended and Restated Certificate of Incorporation to extend the deadline for consummating an initial business combination from December 14, 2024 to September 30, 2025, and to eliminate the redemption limitation that prevented redemption of public shares if it would cause net"},"claim":"Angel Studios, Inc.: The Company amended its Amended and Restated Certificate of Incorporation to extend the deadline for consummating an initial business combination from December 14, 2024 to September 30, 2025, and to eliminate the redemption limitation that prevented redemption of public shares if it would cause net (effective 2024-11-13).","evidence_excerpt":"On November 13, 2024, Southport Acquisition Corporation (the “Company”) held a special meeting of stockholders (the “Special Meeting”) to vote upon the Extension Amendment Proposal and the Redemption Limitation Amendment Proposal (each as defined below). At the Special Meeting, the Company’s stockholders approved the Extension Amendment Proposal and the Redemption Limitation Amendment Proposal, and promptly thereafter, the Company filed with the Secretary of State of the State of Delaware an amendment (the “Charter Amendment”) to its Amended and Restated Certificate of Incorporation (the “Charter”) to implement the Extension Amendment Proposal and the Redemption Limitation Amendment Proposal.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001104659-24-117678","anchor_url":"https://secwatch.observer/filing/0001104659-24-117678#claim-eacc9237c9878b9559381a778226965dd463edb2","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1865200/000110465924117678/0001104659-24-117678-index.htm"},{"fact_type":"exchange_compliance_notice","fact_key":"6a771b8a7218fa5b5b08dce80c1745d082c860f2","cik":1865200,"ticker":"ANGX","company_name":"Angel Studios, Inc.","filed_at":"2024-03-21T23:59:59+00:00","payload":{"company_response":"intends to seek listing on Nasdaq","compliance_status":"delisting_pending","cure_deadline":null,"deficiency_type":"market_value","delisting_effective_date":null,"exchange":"nyse","hearing_date":null,"immediate_listing_effect":null,"minimum_requirement":"average aggregate global market capitalization attributable to publicly held shares over 30 trading days of at least $40,000,000","notice_date":"2024-03-21","notice_type":"delisting_notice","plan_due_date":null,"raw_rule_text":null,"reported_value":null,"rule_numbers":["802.01"],"rules_cited_in_text":true},"claim":"Angel Studios, Inc. received a nyse delisting notice notice regarding market value (rules 802.01).","evidence_excerpt":"rrants,\nwith each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50, subject to adjustment (the “Warrants”)\nand (iii) units, each consisting of one share of Class A Common Stock and one-half of one Warrant (the “Units”), from the\nNYSE pursuant to Section 802.01 of the NYSE’s Listed Company Manual because the Company had fallen below the NYSE’s continued\nlisting standard requiring a listed acquisition company to maintain an average aggregate global market capitalization attributable to\nits publicly held shares over a consecutive 30 trading day period","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001104659-24-037394","anchor_url":"https://secwatch.observer/filing/0001104659-24-037394#claim-6a771b8a7218fa5b5b08dce80c1745d082c860f2","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1865200/000110465924037394/0001104659-24-037394-index.htm"},{"fact_type":"governance_change","fact_key":"327ce404acd9128c0834af5c9e0cc50e77d077d3","cik":1865200,"ticker":"ANGX","company_name":"Angel Studios, Inc.","filed_at":"2024-03-14T23:59:59+00:00","payload":{"change_type":"charter_amendment","effective_date":"2024-03-14","item_codes_triggered":["5.03"],"summary_text":"Amendment to Amended and Restated Certificate of Incorporation to extend the deadline for consummating an initial business combination from March 14, 2024 to December 14, 2024"},"claim":"Angel Studios, Inc.: Amendment to Amended and Restated Certificate of Incorporation to extend the deadline for consummating an initial business combination from March 14, 2024 to December 14, 2024 (effective 2024-03-14).","evidence_excerpt":"On March 14, 2024, Southport Acquisition Corporation (the “Company”) held a special meeting of stockholders (the “Special Meeting”) to vote upon the Extension Amendment Proposal (as defined below). At the Special Meeting, the Company’s stockholders approved the Extension Amendment Proposal, and promptly thereafter, the Company filed with the Secretary of State of the State of Delaware an amendment to its Amended and Restated Certificate of Incorporation (the “Extension Amendment”) to implement the Extension Amendment Proposal.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001104659-24-034511","anchor_url":"https://secwatch.observer/filing/0001104659-24-034511#claim-327ce404acd9128c0834af5c9e0cc50e77d077d3","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1865200/000110465924034511/0001104659-24-034511-index.htm"},{"fact_type":"shareholder_vote","fact_key":"e9781d07eeb9305323fdd632335dff170acb94e8","cik":1865200,"ticker":"ANGX","company_name":"Angel Studios, Inc.","filed_at":"2024-03-14T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2024-03-14","outcome":"passed","proposal_text":"Amend Amended and Restated Certificate of Incorporation to extend the date by which the Company must consummate an initial business combination from March 14, 2024 to December 14, 2024","proposal_type":"charter_amendment","results":[{"broker_non_votes":null,"subject":null,"votes_abstain":"0","votes_against":"103,958","votes_for":"7,145,033","votes_withheld":null}]},"claim":"Angel Studios, Inc. shareholders approved Amend Amended and Restated Certificate of Incorporation to extend the date by which the Company must consummate an initial business combination from March 14, 2024 to December 14, 2024 at the 2024-03-14 meeting.","evidence_excerpt":"The voting results for the Extension Amendment Proposal were as follows: For Against Abstain 7,145,033 103,958 0","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001104659-24-034511","anchor_url":"https://secwatch.observer/filing/0001104659-24-034511#claim-e9781d07eeb9305323fdd632335dff170acb94e8","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1865200/000110465924034511/0001104659-24-034511-index.htm"},{"fact_type":"exchange_compliance_notice","fact_key":"763653c5ddf80bf45e36178abe4036b3c7fb6f86","cik":1865200,"ticker":"ANGX","company_name":"Angel Studios, Inc.","filed_at":"2023-09-06T23:59:59+00:00","payload":{"company_response":null,"compliance_status":"deficient","cure_deadline":null,"deficiency_type":"late_filing","delisting_effective_date":null,"exchange":"nyse","hearing_date":null,"immediate_listing_effect":null,"minimum_requirement":null,"notice_date":"2023-08-22","notice_type":"noncompliance_notice","plan_due_date":null,"raw_rule_text":null,"reported_value":null,"rule_numbers":["802.01E"],"rules_cited_in_text":true},"claim":"Angel Studios, Inc. received a nyse noncompliance notice notice regarding late filing (rules 802.01E).","evidence_excerpt":"August 22, 2023, Southport\nAcquisition Corporation (the “ Company ”) received a notice from the New York Stock Exchange (the “ NYSE ”)\nindicating that the Company is not in compliance with the NYSE’s continued listing requirements under the timely filing criteria\nset forth in Section 802.01E of the NYSE Listed Company Manual since the Company did not file its Quarterly Report on Form 10-Q for the\nquarter ended June 30, 2023 (the “ Form 10-Q ”) with the Securities and Exchange Commission (the “ SEC ”)\non or before August 21, 2023, the extended period provided for the filing under Rule 12b-25(b)","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001104659-23-098645","anchor_url":"https://secwatch.observer/filing/0001104659-23-098645#claim-763653c5ddf80bf45e36178abe4036b3c7fb6f86","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1865200/000110465923098645/0001104659-23-098645-index.htm"},{"fact_type":"governance_change","fact_key":"2341102ff0b6005fc2f099da05e9c34d0d1bf907","cik":1865200,"ticker":"ANGX","company_name":"Angel Studios, Inc.","filed_at":"2023-06-09T23:59:59+00:00","payload":{"change_type":"charter_amendment","effective_date":"2023-06-09","item_codes_triggered":["5.03"],"summary_text":"Amended certificate of incorporation to extend the deadline for consummation of initial business combination from June 14, 2023 to September 14, 2023, with board authority to further extend up to March 14, 2024."},"claim":"Angel Studios, Inc.: Amended certificate of incorporation to extend the deadline for consummation of initial business combination from June 14, 2023 to September 14, 2023, with board authority to further extend up to March 14, 2024 (effective 2023-06-09).","evidence_excerpt":"On June 9, 2023, Southport Acquisition Corporation (the \"Company\") held a special meeting of stockholders (the \"Special Meeting\") to vote upon the Extension Amendment Proposal (as defined below). At the Special Meeting, the Company's stockholders approved the Extension Amendment Proposal, and promptly thereafter, the Company filed with the Secretary of State of the State of Delaware an amendment to its Amended and Restated Certificate of Incorporation (the \"Extension Amendment\") to implement the Extension Amendment Proposal.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001104659-23-069898","anchor_url":"https://secwatch.observer/filing/0001104659-23-069898#claim-2341102ff0b6005fc2f099da05e9c34d0d1bf907","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1865200/000110465923069898/0001104659-23-069898-index.htm"},{"fact_type":"shareholder_vote","fact_key":"4bff54d382d69afd5a1d57b04acc5d94e638b606","cik":1865200,"ticker":"ANGX","company_name":"Angel Studios, Inc.","filed_at":"2023-06-09T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-06-09","outcome":"passed","proposal_text":"Amend charter to extend deadline to consummate initial business combination from June 14, 2023 to September 14, 2023 with option for further monthly extensions up to March 14, 2024","proposal_type":"charter_amendment","results":[{"broker_non_votes":null,"subject":null,"votes_abstain":"0","votes_against":"962,549","votes_for":"20,479,579","votes_withheld":null}]},"claim":"Angel Studios, Inc. shareholders approved Amend charter to extend deadline to consummate initial business combination from June 14, 2023 to September 14, 2023 with option for further monthly extensions up to March 14, 2024 at the 2023-06-09 meeting.","evidence_excerpt":"Proposal No. 1: The Extension Amendment Proposal The voting results for the Extension Amendment Proposal were as follows: For Against Abstain 20,479,579 962,549 0","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001104659-23-069898","anchor_url":"https://secwatch.observer/filing/0001104659-23-069898#claim-4bff54d382d69afd5a1d57b04acc5d94e638b606","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1865200/000110465923069898/0001104659-23-069898-index.htm"},{"fact_type":"material_agreement","fact_key":"7a7aa19ad4a95d5a64d7e89ab2dc6dfd559ec8b4","cik":1865200,"ticker":"ANGX","company_name":"Angel Studios, Inc.","filed_at":"2023-05-26T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Non-Redemption Agreements","agreement_type":"other","counterparty":"unaffiliated third parties","effective_date":"2023-05-25","item_codes_triggered":["1.01"],"value_text":"up to 1,499,996 shares of Class B common stock transferred from sponsor to third parties"},"claim":"Angel Studios, Inc. entered into Non-Redemption Agreements with unaffiliated third parties valued at up to 1,499,996 shares of Class B common stock transferred from sponsor to third parties (effective 2023-05-25).","evidence_excerpt":"On May 25, 2023, the Company and the Company’s sponsor, Southport Acquisition Sponsor LLC (the “Sponsor”), entered into voting and non-redemption agreements (the “Non-Redemption Agreements”) with unaffiliated third parties in exchange for such third parties agreeing (i) not to redeem an aggregate of 4,000,000 shares of the Company’s Class A common stock (“Class A Common Stock”) sold in its initial public offering (the “Non-Redeemed Shares”) in connection with the Special Meeting and (ii) to vote in favor of the Extension Proposal and the Extension at the Special Meeting (other than with respect to certain shares acquired or to be acquired pursuant to the Non-Redemption Agreements). In exchange for the foregoing commitments, the Sponsor has agreed to transfer to such third parties an aggregate of up to 1,499,996 shares of the Company’s Class B common stock (“Class B Common Stock”) held by the Sponsor, with 500,000 of such shares to be transferred to such third parties promptly upon cons","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001104659-23-065458","anchor_url":"https://secwatch.observer/filing/0001104659-23-065458#claim-7a7aa19ad4a95d5a64d7e89ab2dc6dfd559ec8b4","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1865200/000110465923065458/0001104659-23-065458-index.htm"},{"fact_type":"auditor_change","fact_key":"b9f150fcc7d83de28f0d24f6fab80a9c675f230b","cik":1865200,"ticker":"ANGX","company_name":"Angel Studios, Inc.","filed_at":"2023-05-08T23:59:59+00:00","payload":{"action":"non_reliance","auditor_name":null,"disagreement_text":null,"effective_date":"2023-05-03","item_codes_triggered":["4.02"],"non_reliance_signal":"non_reliance","successor_auditor_name":null},"claim":"Angel Studios, Inc. reported that prior financial statements should not be relied upon.","evidence_excerpt":"after discussion with BDO LLP, the Company’s independent registered public accounting firm, on May 3, 2023, the Company’s management and the audit committee of the Company’s board of directors concluded that the Original Financial Statements should no longer be relied upon","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001104659-23-057165","anchor_url":"https://secwatch.observer/filing/0001104659-23-057165#claim-b9f150fcc7d83de28f0d24f6fab80a9c675f230b","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1865200/000110465923057165/0001104659-23-057165-index.htm"},{"fact_type":"executive_change","fact_key":"821b646e4c","cik":1865200,"ticker":"ANGX","company_name":"Angel Studios, Inc.","filed_at":"2022-01-12T23:59:59+00:00","payload":{"action":"elected","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2022-01-06","interim":false,"role":"Chair of the Audit Committee","role_category":"chair","successor_name":"Jared Stone","successor_named":true},"claim":"Jennifer Nuckles was elected as Chair of the Audit Committee at Angel Studios, Inc..","evidence_excerpt":"The Board also elected Ms. Nuckles to serve as Chair of its audit committee, the Board’s sole standing committee, effective January 6, 2022, in place of Mr. Jared Stone (our Chairman of the Board), who will remain a member of the audit committee along with Mr. Sigmund Anderman.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001104659-22-003634","anchor_url":"https://secwatch.observer/filing/0001104659-22-003634#claim-821b646e4c","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1865200/000110465922003634/0001104659-22-003634-index.htm"},{"fact_type":"executive_change","fact_key":"543bd86711","cik":1865200,"ticker":"ANGX","company_name":"Angel Studios, Inc.","filed_at":"2022-01-12T23:59:59+00:00","payload":{"action":"elected","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2022-01-06","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Jennifer Nuckles was elected as Director at Angel Studios, Inc..","evidence_excerpt":"On January 6, 2022, pursuant to the amended and restated certificate of incorporation of Southport Acquisition Corporation (the “Company”), the board of directors of the Company (the “Board”) voted to expand the size of the Board from five to seven and elected Matthew Hansen and Jennifer Nuckles to the Board, effective the same day.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001104659-22-003634","anchor_url":"https://secwatch.observer/filing/0001104659-22-003634#claim-543bd86711","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1865200/000110465922003634/0001104659-22-003634-index.htm"},{"fact_type":"executive_change","fact_key":"4543e88fc3","cik":1865200,"ticker":"ANGX","company_name":"Angel Studios, Inc.","filed_at":"2022-01-12T23:59:59+00:00","payload":{"action":"elected","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2022-01-06","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Matthew Hansen was elected as Director at Angel Studios, Inc..","evidence_excerpt":"On January 6, 2022, pursuant to the amended and restated certificate of incorporation of Southport Acquisition Corporation (the “Company”), the board of directors of the Company (the “Board”) voted to expand the size of the Board from five to seven and elected Matthew Hansen and Jennifer Nuckles to the Board, effective the same day.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001104659-22-003634","anchor_url":"https://secwatch.observer/filing/0001104659-22-003634#claim-4543e88fc3","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1865200/000110465922003634/0001104659-22-003634-index.htm"}]}