{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-065458","form_type":"8-K","ticker":"ANGX","cik":"0001865200","company_name":"Angel Studios, Inc.","filed_at":"2023-05-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.364739+00:00","generated_at":"2026-06-14T13:26:43.450043+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Southport Acquisition enters non-redemption agreements covering 4M shares; Sponsor converts 4.2M Class B shares","bullets":["Entered voting/non-redemption agreements covering 4,000,000 Class A shares to secure vote for extension and non-redemption.","Sponsor will transfer up to 1,499,996 Class B shares as inducement; 500,000 upon extension closing.","Sponsor converted 4,200,000 Class B shares to Class A; Class A outstanding now 27,200,000 shares.","Special meeting expected June 9, 2023 to approve extension of deadline to Sept 14, 2023 (or to March 14, 2024).","Trust account value ~$10.50/share; Class A closed at $10.44 on May 24, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-065458","json":"https://secwatch.observer/filing/0001104659-23-065458.json","markdown":"https://secwatch.observer/filing/0001104659-23-065458.md","text":"https://secwatch.observer/filing/0001104659-23-065458.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1865200/000110465923065458/0001104659-23-065458-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1865200/000110465923065458/tm2313844d3_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T13:26:43.450043+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":"7a7aa19ad4a95d5a64d7e89ab2dc6dfd559ec8b4","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","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1865200/000110465923065458/0001104659-23-065458-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"unaffiliated third parties"},{"label":"Value","value":"up to 1,499,996 shares of Class B common stock transferred from sponsor to third parties"},{"label":"Effective","value":"2023-05-25"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}