{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-057165","form_type":"8-K","ticker":"ANGX","cik":"0001865200","company_name":"Angel Studios, Inc.","filed_at":"2023-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.364542+00:00","generated_at":"2026-06-15T14:27:18.998106+00:00","sec_items":["4.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Southport Acquisition restates Q3 2022 cash flow; non-reliance on prior filing","bullets":["Restates Q3 2022 cash flow statement: reclassifies $990,869 of interest income from operating to investing activities.","Adds $235,156,272 in sale/purchase of marketable securities to investing cash flows.","Company concludes that original Q3 2022 financial statements should no longer be relied upon.","Material weakness in internal control over financial reporting identified; details to follow in 2022 Form 10-K."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-057165","json":"https://secwatch.observer/filing/0001104659-23-057165.json","markdown":"https://secwatch.observer/filing/0001104659-23-057165.md","text":"https://secwatch.observer/filing/0001104659-23-057165.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1865200/000110465923057165/0001104659-23-057165-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1865200/000110465923057165/tm2313844d2_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T14:27:18.998106+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b9f150fcc7d83de28f0d24f6fab80a9c675f230b","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","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1865200/000110465923057165/0001104659-23-057165-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"non reliance"}],"fact_type":"auditor_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}