secwatch.observer — SEC 8-K summary
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Issuer:     Angel Studios, Inc. (ANGX)
CIK:        0001865200
Form:       8-K
Filed at:   2023-05-26T23:59:59+00:00
Accession:  0001104659-23-065458
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Southport Acquisition enters non-redemption agreements covering 4M shares; Sponsor converts 4.2M Class B shares
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865200/000110465923065458/0001104659-23-065458-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865200/000110465923065458/tm2313844d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-065458

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