secwatch.observer — SEC 8-K summary
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Issuer:     Angel Studios, Inc. (ANGX)
CIK:        0001865200
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0001104659-23-057165
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

Southport Acquisition restates Q3 2022 cash flow; non-reliance on prior filing
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865200/000110465923057165/0001104659-23-057165-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865200/000110465923057165/tm2313844d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-057165

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